Lisbon stocks closed in positive territory on Thursday, with the PSI index up 0.75% at the end of trading to set a fresh five-year high.
Sector performance was led by gains in Consumer Goods, Utilities and Telecoms, which together underpinned the broader advance across the market.
The top performing names on the PSI were Galp Energia Nom (ELI:GALP), Ibersol SGPS (ELI:IBS) and EDP Renovaveis (ELI:EDPR). Galp Energia Nom rose 3.88% - gaining 0.79 points to finish at 21.14. Ibersol SGPS added 3.26% or 0.35 points to close at 11.10. EDP Renovaveis increased 2.01% or 0.28 points to end the session at 14.23.
On the downside, Altri SGPS SA (ELI:ALSS) was the weakest performer, slipping 3.11% or 0.16 points to close at 4.84. CTT Correios de Portugal SA (ELI:CTT) declined 1.10% or 0.07 points to 6.31 and Jeronimo Martins SGPS SA (ELI:JMT) fell 1.05% or 0.22 points to 20.74.
Market breadth on the Lisbon Stock Exchange was slightly tilted to advancers: 14 stocks rose while 13 declined and 3 finished unchanged.
EDP Renovaveis (ELI:EDPR) reached a 52-week high during the session, recording a 2.01% gain or 0.28 to close at 14.23.
Commodities trading showed notable volatility. Brent oil for June delivery climbed 6.32% - up 6.39 to $107.55 per barrel. West Texas Intermediate crude for May delivery rose 11.22% or 11.23 to $111.35 per barrel. In contrast, the June Gold Futures contract fell 2.69% or 129.65 to trade at $4,683.45 a troy ounce.
Foreign exchange and dollar-index moves were modest. EUR/USD was unchanged 0.41% to 1.15 while EUR/GBP was unchanged 0.15% to 0.87. The US Dollar Index Futures increased 0.33% to 99.79.
The session left the main Portuguese benchmark higher, with energy and renewable names among the contributors to the advance and oil markets showing particularly strong intraday moves.