Market close overview
Portugal's main index finished the trading day in Lisbon with a gain of 1.21% as sector strength was concentrated in Utilities, Consumer Services and Telecoms. At the close, rising issues outnumbered decliners on the Lisbon Stock Exchange by 18 to 12, with one stock unchanged.
Top movers on the PSI
The session's top performer was Mota Engil SGPS SA (ELI:MOTA), which climbed 2.66% - a 0.13 point increase - to finish at 4.94. EDP Energias de Portugal SA (ELI:EDP) added 2.43% or 0.10 points to end the session at 4.38. Galp Energia Nom (ELI:GALP) rose 2.33%, gaining 0.46 points to close at 20.18.
Lagging names
On the downside, Semapa (ELI:SEM) led the decliners, slipping 1.09% or 0.25 points to 22.75 at the close. Corticeira Amorim (ELI:CORA) declined 0.57%, a drop of 0.04 points, to finish at 6.94, while Ibersol SGPS (ELI:IBS) fell 0.34% or 0.04 points to 11.56.
Commodities and energy
Commodity markets showed notable movement during the session. Brent oil for July delivery was up 1.70% or 1.86 to $111.12 a barrel. Elsewhere, crude oil for July delivery rose 1.98% or 2.00 to $103.02 a barrel. By contrast, the June Gold Futures contract fell 0.34% or 15.48 to trade at $4,546.42 a troy ounce.
Currencies and dollar index
FX markets were mixed. EUR/USD was unchanged 0.20% to 1.16, while EUR/GBP fell 0.57% to 0.87. The US Dollar Index Futures was down 0.26% at 98.96.
Key takeaways
- Portugal's PSI closed up 1.21%, supported by gains in Utilities, Consumer Services and Telecoms.
- Energy and utility-linked stocks posted the largest advances, with Mota Engil, EDP and Galp among top performers.
- Commodity moves were mixed - oil prices rose while gold weakened; currency markets showed modest shifts and the dollar index eased.
Risks and uncertainties
- Volatility in oil markets could affect energy-sector earnings and investor sentiment in related equities.
- Currency fluctuations, illustrated by moves in EUR pairs and a softer dollar index, may influence firms with cross-border exposure.
- Concentration of gains within a few sectors leaves the market sensitive to sector-specific developments.