Market close overview
Portugal's stock market ended the trading day in negative territory on Friday, with losses concentrated in the Basic Materials, Utilities and Financials sectors. At the close in Lisbon, the PSI fell 0.73% to a new one-month low.
Leading gainers
- Nos SGPS SA (ELI:NOS) was the session's top performer on the PSI, advancing 1.25% or 0.07 points to finish at 5.27.
- Galp Energia Nom (ELI:GALP) gained 0.90% or 0.17 points to close at 19.05.
- Jeronimo Martins SGPS SA (ELI:JMT) rose 0.70% or 0.13 points to end the session at 18.72.
Largest decliners
- EDP Energias de Portugal SA (ELI:EDP) led losses, down 2.02% or 0.09 points to 4.31 at the close.
- Teixeira Duarte (ELI:TDSA) fell 1.50% or 0.01 points to 0.43.
- Semapa (ELI:SEM) dropped 1.25% or 0.30 points to finish at 23.65.
Breadth and notable moves
On the Lisbon Stock Exchange, decliners outnumbered advancers by 15 to 12, while 3 stocks closed unchanged. The report notes that shares in Jeronimo Martins SGPS SA (ELI:JMT) rose to 52-week lows, with the stock finishing up 0.70% or 0.13 to 18.72.
Commodities and currencies
Commodity markets showed gains in energy and gold during the session. Brent oil for July delivery climbed 1.45% or 1.45 to $101.51 a barrel. U.S. crude for June delivery rose 1.02% or 0.97 to $95.78 a barrel. Meanwhile, the June Gold Futures contract advanced 0.18% or 8.60 to trade at $4,719.50 a troy ounce.
In currencies, EUR/USD was up 0.45% to 1.18, while EUR/GBP is reported unchanged 0.12% to 0.86. The US Dollar Index Futures was down 0.18% at 97.76.
Valuation tool note
For investors assessing Galp Energia (ELI:GALP), one method referenced is a Fair Value calculator that combines a mix of 17 valuation models. That approach is presented as a way to generate comparative valuations across thousands of stocks and to identify potentially undervalued names.
The PSI's 0.73% decline rounded out a session marked by sector-led weakness and mixed individual stock outcomes, with energy-related commodities and a firmer euro among the notable cross-market signals reported alongside Lisbon's equity moves.