Portugal's main equity gauge ended the trading session in Lisbon on Wednesday in negative territory, with sector declines in Utilities, Consumer Services and Telecoms pressuring the market. At the close, the PSI lost 0.44%.
Top and bottom movers
Among the session's best performers on the PSI, Banco Comercial Portugues (ELI:BCP) led gains, rising 2.64% or 0.02 points to trade at 0.82 at the close. Altri SGPS SA (ELI:ALSS) added 1.42% or 0.07 points to finish at 4.63, while Galp Energia Nom (ELI:GALP) advanced 0.80% or 0.17 points to 21.35 in late trade.
On the downside, EDP Energias de Portugal SA (ELI:EDP) was the weakest large-cap name, falling 2.02% or 0.09 points to trade at 4.36 at the close. EDP Renovaveis (ELI:EDPR) declined 1.98% or 0.27 points to end at 13.37, and Jeronimo Martins SGPS SA (ELI:JMT) dropped 1.55% or 0.34 points to 21.54.
Market breadth and milestones
On the Lisbon Stock Exchange, falling stocks slightly outnumbered advancing ones by 15 to 14, while 2 issues finished unchanged. Galp Energia Nom (ELI:GALP) reached all-time highs during the session, rising 0.80% or 0.17 to 21.35.
Commodities and currencies
Energy contracts showed notable strength: Brent oil for May delivery was up 4.98% or 5.15 to $108.57 a barrel. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.82% or 1.74 to hit $97.27 a barrel. Precious metals moved lower, with the April Gold Futures contract falling 2.32% or 116.21 to trade at $4,891.99 a troy ounce.
Foreign exchange rates were relatively steady. EUR/USD was unchanged 0.29% to 1.15, while EUR/GBP was unchanged 0.08% to 0.86. The US Dollar Index Futures was up 0.30% at 99.63.
Implications by sector
The session's sector swings left the Utilities, Consumer Services and Telecoms groups as net drags on the PSI, while select financial and energy names posted gains. Market breadth was narrowly negative, reflecting a close split between winners and losers across the exchange.
Overall, the market finished the day lower with mixed individual stock performance and pronounced moves in oil and gold prices that shaped trading dynamics.