Portugal's stock market closed lower on Wednesday, with the PSI down 0.60% at the end of trading in Lisbon. Broad sector weakness was led by the Utilities, Consumer Services and Telecoms groups, which pulled the benchmark into negative territory.
At the close, a small number of companies outperformed. Teixeira Duarte (ELI:TDSA) was the session's top gainer, advancing 3.26% - an increase of 0.01 points - to finish at 0.44. Mota Engil SGPS SA (ELI:MOTA) added 2.05% or 0.10 points to end at 4.77, while Galp Energia Nom (ELI:GALP) rose 1.60%, gaining 0.32 points to close at 19.96.
On the downside, Ibersol SGPS (ELI:IBS) led the decliners, slipping 2.38% or 0.28 points to 11.50 at the close. EDP Renovaveis (ELI:EDPR) fell 2.26%, a 0.32-point drop that left the stock at 13.84. Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) declined 1.72%, down 0.07 points to finish at 3.71.
Market breadth in Lisbon was tilted toward advancers, with 17 stocks rising and 11 falling, while 2 shares finished unchanged.
Commodity markets showed notable moves during the session. Brent oil for July delivery rose 5.62%, gaining $5.87 to trade at $110.27 a barrel. U.S. crude for June delivery climbed 6.37%, up $6.37 to $106.30 a barrel. In contrast, the June Gold Futures contract edged lower by 0.76%, a decline of $34.81, to trade at $4,573.59 a troy ounce.
Foreign exchange rates remained relatively steady. EUR/USD was unchanged 0.15% to 1.17, and EUR/GBP was unchanged 0.03% to 0.87. The U.S. Dollar Index Futures moved up 0.18% to 98.65.
Market context and note: The PSI's decline of 0.60% reflects a session where a small group of stocks outperformed while a number of utilities and energy-related names recorded losses. Commodity price moves were mixed, with crude oil benchmarks showing strong gains and gold tracking lower. Currency changes were limited, and the U.S. dollar index futures posted a modest increase.