Portugal's equity market finished higher on Wednesday, led by strength in the Utilities, Telecoms and Consumer Services sectors, as the PSI index closed up 1.00% and reached a new five-year high.
At the Lisbon close, the benchmark PSI added 1.00% to record the multi-year peak. Advancers outnumbered decliners on the exchange, with 16 issues rising, 10 falling and 7 finishing unchanged.
Top and bottom performers
- Sonae SGPS SA (YSO) was the session's strongest performer on the PSI, climbing 2.21% or 0.05 points to finish at 2.09.
- Nos SGPS SA (NOS) gained 2.17% or 0.12 points to close at 5.41.
- EDP Energias de Portugal SA (EDP) rose 2.15% or 0.10 points to end the day at 4.75.
- On the downside, Corticeira Amorim (CORA) slipped 0.71% or 0.05 points to 7.01 at the close.
- Altri SGPS SA (ALSS) declined 0.53% or 0.03 points to finish at 4.69.
- Galp Energia Nom (GALP) was down 0.41% or 0.09 points, closing at 21.88.
Commodities and currencies
- Brent oil for November delivery fell 3.04% or 3.31 to $105.44 a barrel.
- Crude oil for October delivery dropped 3.26% or 3.45 to $102.38 a barrel.
- The December Gold Futures contract advanced 1.32% or 57.37 to trade at $4,390.17 a troy ounce.
- EUR/USD was effectively unchanged, moving 0.04% to 1.15, while EUR/GBP was unchanged at 0.19% to 0.86.
- The US Dollar Index Futures was up 0.09% at 99.43.
The session reflected broad-based sector strength concentrated in utilities, telecoms and consumer services, with a greater number of advancing issues than decliners on the Lisbon bourse. Market participants tracked both equity moves and commodity price shifts through the day as the PSI closed at its highest level in five years.