Portugal's stock market closed higher on Tuesday, with the benchmark PSI index ending the day up 0.68% in Lisbon. Gains were concentrated in the Financials, Industrials and Consumer Services sectors, which helped push the market into positive territory by the session's close.
The leading winners on the PSI included Banco Comercial Portugues (ELI:BCP), which rose 2.49% - an increase of 0.02 points - to finish at 0.83. Construction group Mota Engil SGPS SA (ELI:MOTA) added 2.03%, or 0.09 points, closing at 4.43. Postal operator CTT Correios de Portugal SA (ELI:CTT) climbed 1.86%, or 0.11 points, to end the session at 6.03.
On the downside, Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) was the worst performer, slipping 0.40% or 0.02 points to 3.73 at the close. Energy company Galp Energia Nom (ELI:GALP) declined 0.28%, a 0.06-point drop to 21.01, and telecommunications group Nos SGPS SA (ELI:NOS) eased 0.18%, or 0.01 points, to 5.44.
Market breadth on the Lisbon Stock Exchange favoured advancing issues, with 17 stocks rising against 8 that fell and 6 finishing unchanged.
Commodity markets were mixed during the session. Brent oil for June delivery was down 0.37%, a decline of 0.40, to $106.99 a barrel. By contrast, crude oil for May delivery increased 1.34%, or 1.38, to $104.26 a barrel. The June Gold Futures contract rose 2.00%, or 91.32, to trade at $4,648.82 a troy ounce.
Currency markets also moved: EUR/USD was up 0.51% to 1.15, while EUR/GBP was unchanged 0.44% to 0.87. The US Dollar Index Futures was down 0.35% at 100.00.
The session reflected a market where specific sector strength - notably in Financials, Industrials and Consumer Services - outweighed weakness among certain energy and utility names, resulting in a modest net gain for the PSI.