Portugal's equity market closed lower on Tuesday, with the PSI index ending the session down 1.26% and marking a new one-month low. Selling pressure was concentrated in the Utilities, Consumer Services and Basic Materials sectors, dragging the benchmark lower by the close of trading in Lisbon.
At the close, Galp Energia Nom (ELI:GALP) was among the session's strongest performers, gaining 1.68% - an increase of 0.32 points - to finish at 19.42. CTT Correios de Portugal SA (ELI:CTT) also advanced, up 1.18% or 0.08 points to close at 6.41. Sonae SGPS SA (ELI:YSO) finished unchanged at 1.89, recording no net change on the day.
On the downside, Semapa (ELI:SEM) led losses, declining 4.19% - a drop of 1.00 point - to end the session at 22.85. EDP Renovaveis (ELI:EDPR) fell 3.44%, or 0.50 points, to close at 14.04, while Mota Engil SGPS SA (ELI:MOTA) slipped 2.87% - down 0.14 points - to finish at 4.73.
Market breadth on the Lisbon exchange skewed toward decliners, with 18 stocks falling versus six that advanced; five issues ended the session unchanged. The distribution of winners and losers underscores the uneven nature of the day's trading, where gains in individual names were insufficient to offset broader sector weakness.
Commodities moved notably alongside equity trade. Brent oil for July delivery rose 3.35% - up 3.49 - to $107.70 a barrel. Meanwhile, crude oil for June delivery climbed 3.57% or 3.50 to reach $101.57 a barrel. Precious metals lost ground: the June Gold Futures contract fell 1.10% - down 51.90 - to trade at $4,676.80 a troy ounce.
Currency and futures moves accompanied the session's activity. EUR/USD was unchanged 0.41% to 1.17, while EUR/GBP was unchanged 0.25% to 0.87. The US Dollar Index Futures rose 0.45% to 98.26.
The day's trading highlights show a market reacting unevenly to sector-level pressures, with energy-linked instruments outperforming and interest in defensive or non-cyclical names limited. Despite pockets of strength among large-cap names, the general tone was negative as the PSI recorded its lowest close in a month.