Portugal's benchmark PSI closed slightly weaker on Tuesday, finishing the session down 0.03% in Lisbon as sector losses outpaced gains.
Sector pressure came from Consumer Goods, Consumer Services and Utilities, which collectively contributed to the index's modest decline. At the close, the PSI registered the 0.03% drop as investors wound up trading for the day.
Top performers
- CTT Correios de Portugal SA (CTT) led gainers on the PSI, rising 1.51% or 0.10 points to finish at 6.41.
- Ren Redes Energeticas Nacionais SGPS SA (RENE) added 1.05% or 0.04 points to close at 3.87.
- Banco Comercial Portugues (BCP) was up 0.83% or 0.01 points, ending the session at 0.87.
Lagging stocks
- Ibersol SGPS (IBS) was the weakest performer, sliding 1.80% or 0.20 points to close at 10.90.
- Teixeira Duarte (TDSA) fell 1.79% or 0.01 points, finishing at 0.44.
- Mota Engil SGPS SA (MOTA) declined 1.74% or 0.08 points to end the day at 4.64.
On the Lisbon Stock Exchange overall, declining issues outnumbered advancing ones by 16 to 10, while 5 stocks finished unchanged.
Commodities and currencies
Energy and precious metals moved in different directions during the session. Brent oil for June delivery eased 0.34% or 0.37, trading at $109.40 a barrel at close. By contrast, crude oil for May delivery rose 2.17% or 2.44 to $114.85 a barrel. The June Gold Futures contract ticked down 0.09% or 4.19 to trade at $4,680.51 a troy ounce.
Currency pairs were broadly stable. EUR/USD was unchanged 0.29% to 1.16, while EUR/GBP was unchanged 0.24% to 0.87. The US Dollar Index Futures fell 0.12% to 99.69.
Overall, market action in Lisbon was subdued, with a small net decline for the PSI amid selective stock-strength and cross-market movement in commodity and currency prices.