Portugal's stock market closed lower on Monday as selling pressure in Financials, Industrials and Consumer Services weighed on the benchmark. At the close in Lisbon, the PSI was down 1.89%.
Among individual names, Ibersol SGPS (ELI:IBS) was the session's top gainer on the PSI, finishing up 1.50% - an increase of 0.18 points to close at 12.18. Altri SGPS SA (ELI:ALSS) also advanced, adding 0.60% or 0.03 points to end the day at 5.02. Corticeira Amorim (ELI:CORA) was highlighted in the session summary with a modest decline, slipping 0.31% or 0.02 points to 6.40 in late trade.
The weakest performers were concentrated among postal, construction and banking names. CTT Correios de Portugal SA (ELI:CTT) led losses, falling 5.15% or 0.33 points to close at 6.08. Teixeira Duarte (ELI:TDSA) declined 4.04% or 0.02 points to finish at 0.43, while Banco Comercial Portugues (ELI:BCP) gave up 3.54% or 0.03 points to end at 0.88.
Market breadth in Lisbon was negative, with decliners outnumbering advancers by 19 to 6 and four stocks finishing unchanged.
Commodity markets delivered mixed signals during the session. Brent oil for July delivery rose 5.43%, up $5.87 to $114.04 a barrel. U.S. crude for June delivery also advanced, gaining 3.59% or $3.66 to $105.60 a barrel. By contrast, the June Gold Futures contract moved lower, down 2.53% or $117.44 to trade at $4,527.06 a troy ounce.
Currency markets were relatively subdued. The euro was essentially steady against major crosses reported: EUR/USD was unchanged, noted at 1.17 with a 0.23% figure reported, while EUR/GBP was unchanged at 0.86 with a 0.15% figure noted. The U.S. Dollar Index Futures was reported up 0.32% at 98.32.
The session's price moves underscore selective strength in a small number of names versus broader sector pressure, with Financials, Industrials and Consumer Services identified as the principal contributors to the index's decline.
Data snapshot
- PSI -1.89% at the Lisbon close.
- Top PSI mover: Ibersol SGPS (ELI:IBS) +1.50% to 12.18.
- Largest decliner: CTT Correios de Portugal SA (ELI:CTT) -5.15% to 6.08.
- Brent (July) +5.43% to $114.04; U.S. crude (June) +3.59% to $105.60; June Gold Futures -2.53% to $4,527.06/oz.
- FX: EUR/USD 1.17; EUR/GBP 0.86; US Dollar Index Futures 98.32 (+0.32%).