Stock Markets July 7, 2026 12:08 PM

Portuguese Stocks Finish Higher; PSI Climbs 0.35% on Sector Gains

Consumer Services, Basic Materials and Industrials lead Lisbon advance as commodity and FX moves accompany the close

By Jordan Park
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SEM

Portugal's PSI index closed up 0.35% on Tuesday, led by gains in Consumer Services, Basic Materials and Industrials. Jeronimo Martins, Semapa and The Navigator Company were the session's top performers, while EDP Renovaveis, EDP and Banco Comercial Portugues lagged. Commodities were mixed, with Brent and U.S. crude rising and gold retreating; major FX pairs showed little change.

Portuguese Stocks Finish Higher; PSI Climbs 0.35% on Sector Gains
SEM
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Key Points

  • PSI closed up 0.35% on Tuesday, led by gains in Consumer Services, Basic Materials and Industrials sectors.
  • Top performers included Jeronimo Martins (JMT +3.55%), Semapa (SEM +2.21%) and The Navigator Company (NVGR +1.97%); notable laggards were EDP Renovaveis (EDPR -1.19%), EDP (EDP -0.74%) and Banco Comercial Portugues (BCP -0.65%).
  • Commodities were mixed: Brent for September rose to $74.16 (+3.01%), U.S. crude for August hit $70.53 (+2.89%), and August Gold Futures eased to $4,152.31 (-0.36%); major FX pairs moved little.

Portugal's main equity gauge ended Tuesday's session higher, buoyed by advances across several cyclical sectors. At the close in Lisbon, the PSI rose 0.35%.

Top movers

The leading stocks on the PSI included Jeronimo Martins SGPS SA (ELI:JMT), which climbed 3.55% - gaining 0.58 points to finish at 16.92. Semapa (ELI:SEM) added 2.21%, or 0.45 points, to reach 20.80, while The Navigator Company SA (ELI:NVGR) advanced 1.97%, rising 0.06 points to 3.31 at the close.

Underperformers

On the downside, EDP Renovaveis (ELI:EDPR) recorded the steepest drop among the listed names, falling 1.19% or 0.17 points to close at 14.12. EDP Energias de Portugal SA (ELI:EDP) declined 0.74% (down 0.03 points) to 4.55, and Banco Comercial Portugues (ELI:BCP) slipped 0.65% or 0.01 points to 1.07.

Market breadth

At the Lisbon Stock Exchange, advancing issues outnumbered decliners by 13 to 11, and three stocks finished unchanged.

Commodities and currencies

Energy markets were notably firmer: Brent oil for September delivery gained 3.01%, up $2.17 to $74.16 a barrel. U.S. crude for August delivery rose 2.89%, adding $1.98 to settle at $70.53 a barrel. In metals, the August Gold Futures contract fell 0.36%, or $15.19, to trade at $4,152.31 a troy ounce.

Foreign-exchange moves were muted at the close. EUR/USD was effectively unchanged, moving 0.17% to 1.14, while EUR/GBP registered a 0.05% move to 0.85. The US Dollar Index Futures traded up 0.14% at 100.75.


Overall, the session reflected selective strength among Portuguese names, with consumer-related, materials and industrial stocks providing the primary upward momentum as commodity prices and global FX benchmarks posted modestly mixed results.

Risks

  • Commodity price volatility - energy and metals moved materially during the session, which can affect earnings and input costs for Basic Materials and Industrials companies.
  • Narrow market breadth - the close showed 13 advancing names versus 11 decliners and three unchanged, indicating gains were not broadly distributed across the market.
  • Individual stock downside - several large-cap names, including EDPR, EDP and BCP, finished lower, highlighting idiosyncratic exposure for investors in utilities and banking sectors.

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