Portugal's stock market ended Monday with a modest advance, with the PSI index up 0.51% at the close, marking a fresh five-year high.
Sector performance was led by Financials, Consumer Services and Industrials, which collectively pushed the index higher during the session in Lisbon. Market breadth was positive, with 14 stocks closing higher versus 12 that fell, and 3 finishing unchanged.
Among individual contributors, Banco Comercial Portugues (ELI:BCP) was the top performer, rising 2.34% or 0.02 points to close at 0.94. Sonae SGPS SA (ELI:YSO) also posted meaningful strength, adding 1.69% or 0.03 points to finish at 1.80, and Altri SGPS SA (ELI:ALSS) gained 1.39% or 0.06 points to end the day at 4.39.
On the downside, EDP Energias de Portugal SA (ELI:EDP) led decliners, slipping 1.20% or 0.05 points to 4.26 at the close. Semapa (ELI:SEM) declined 0.67% or 0.15 points to 22.25. Teixeira Duarte (ELI:TDSA) was down 0.41% or 0.00 points to trade at 0.48.
The session also featured notable multi-year highs for specific names. Shares of Banco Comercial Portugues rose to five-year highs on the day, while Sonae SGPS likewise reached five-year highs as both stocks recorded the gains noted above.
Commodities and currency markets showed a backdrop of weakness that coincided with the session. Brent oil for April delivery fell 4.75% or 3.29 to $66.03 a barrel. US crude for March delivery dropped 5.17% or 3.37 to $61.84 a barrel. In precious metals, the April Gold Futures contract eased 0.28% or 13.10 to trade at 4,732.00 a troy ounce.
Foreign exchange markets recorded small moves. EUR/USD moved 0.32% to 1.18, and EUR/GBP moved 0.12% to 0.86. The US Dollar Index Futures rose 0.52% to 97.36.
In sum, Lisbon's market closed with modest gains led by financial and consumer-service stocks, while energy-related names and commodity-sensitive instruments underperformed amid declines in global oil and gold prices and a firmer dollar.