Portugal's stock market closed in positive territory on Monday, with sector gains in Utilities, Telecoms and Basic Materials contributing to the advance. At the Lisbon close the PSI gained 1.09%.
The session's strongest individual performers on the PSI included EDP Renovaveis (EDPR), which rose 5.09% or 0.71 points to finish at 14.67. EDP Energias de Portugal SA (EDP) added 3.76% or 0.16 points to end the day at 4.47. The Navigator Company SA (NVGR) was also higher, up 1.96% or 0.06 points to 3.33 in late trade.
On the downside, Jeronimo Martins SGPS SA (JMT) fell 1.12% or 0.21 points to close at 18.51. Banco Comercial Portugues (BCP) was essentially flat, listed as unchanged 0.02% or 0.00 points to finish at 0.93. Galp Energia Nom (GALP) recorded a small gain of 0.24% or 0.05 points to end at 19.10.
Market breadth in Lisbon showed more winners than losers: rising stocks outnumbered declining ones by 19 to 9, and 2 issues finished unchanged.
There were notable intraday extremes among the names traded. Shares of EDP Renovaveis rose to 52-week highs, gaining 5.09% or 0.71 to reach 14.67. Conversely, Jeronimo Martins' shares fell to 52-week lows, slipping 1.12% or 0.21 to 18.51.
Commodities and currency benchmarks moved alongside equities. Brent oil for July delivery was up 2.82% or 2.86 to $104.15 a barrel. Elsewhere in energy markets, crude oil for June delivery rose 2.80% or 2.67 to $98.09 a barrel.
Precious metals saw a smaller advance as the June Gold Futures contract climbed 0.25% or 11.86 to trade at $4,742.56 a troy ounce.
In foreign exchange, EUR/USD was unchanged 0.06% at 1.18, while EUR/GBP was unchanged 0.15% at 0.86. The US Dollar Index Futures registered a marginal decline of 0.01% to 97.77.
Key points
- Portugal's PSI closed up 1.09%, led by advances in Utilities, Telecoms and Basic Materials sectors.
- EDP Renovaveis posted the largest gain among listed PSI constituents, rising 5.09% to 14.67 and reaching a 52-week high.
- Jeronimo Martins fell 1.12% to 18.51 and hit a 52-week low; overall market breadth favored advancing stocks 19 to 9, with 2 unchanged.
Risks and uncertainties
- Single-stock volatility: individual names can record large intraday moves as illustrated by EDPR's 5.09% rise and JMT's 1.12% decline, affecting sector performance - notably in Utilities and Consumer Goods.
- Commodity price swings: sharp moves in oil prices, with Brent up 2.82% and crude up 2.80%, introduce uncertainty for energy-related equities such as GALP and for broader inflation-sensitive sectors.
- Currency and index fluctuations: small changes in EUR/USD, EUR/GBP and the US Dollar Index Futures could influence multinational firms and exporters listed on the PSI.
This report presents closing prices and market movements as observed at the Lisbon close on the referenced trading day. No forward-looking statements or investment recommendations are provided here.