Lisbon - Portugal's PSI index closed the trading day lower on Monday, declining 0.52% as sectoral weakness in Telecoms, Utilities and Technology pushed the market down.
At the close in Lisbon, the benchmark equity gauge recorded a 0.52% drop.
Top gainers
- Banco Comercial Portugues (BCP) led the winners, rising 2.25% - equal to a 0.02 point gain - to finish at 0.97.
- Ibersol SGPS (IBS) added 1.73%, a rise of 0.18 points, closing the session at 10.60.
- Mota Engil SGPS SA (MOTA) advanced 1.42%, up 0.07 points to end at 4.85.
Largest decliners
- Galp Energia Nom (GALP) posted the biggest loss, falling 3.58% or 0.69 points to close at 18.43.
- Nos SGPS SA (NOS) slipped 1.48%, a decline of 0.08 points, to finish at 5.32.
- EDP Renovaveis (EDPR) retreated 1.10% or 0.15 points to end the session at 13.48.
Market breadth in Lisbon tilted toward declines: falling issues outnumbered advancing ones by 15 to 13, while 3 stocks finished unchanged.
Commodities
Commodity markets registered significant moves during the session. Brent crude for August delivery fell 5.13%, down $4.48, to trade at $82.85 a barrel. U.S. crude for July delivery dropped 5.51%, down $4.68, settling at $80.20 a barrel. By contrast, the August Gold Futures contract climbed 3.22%, gaining $136.57 to trade at $4,375.37 a troy ounce.
Foreign exchange and rates indicators
EUR/USD was quoted as unchanged at 0.28% to 1.16, while EUR/GBP was unchanged 0.12% to 0.86. The U.S. Dollar Index Futures declined 0.17% to 99.32.
Summary of the session: Lisbon's benchmark fell modestly as a small set of sectors led losses, with mixed performance among individual stocks. Commodity prices moved sharply, with crude oil down and gold up, while major FX pairs and the U.S. dollar futures showed only minor shifts.