Portugal's equity benchmark finished Thursday's trading in negative territory, with the PSI closing down 0.55% in Lisbon. Broad weakness in the Consumer Services, Industrials and Basic Materials sectors contributed to the decline.
At the close, the bulk of the session's best performers registered only marginal gains. EDP Renovaveis (EDPR) led the winners with a 0.15% uptick, finishing at 13.52. Postal operator CTT Correios de Portugal (CTT) rose 0.08% to end at 6.01. Banco Comercial Portugues (BCP) was unchanged at 1.03 as trading wrapped up.
On the downside, construction and materials names showed larger losses. Mota Engil SGPS (MOTA) dropped 2.38% to 4.60. Food retailer Jeronimo Martins SGPS (JMT) declined 1.64% to 17.39. Semapa (SEM) fell 1.34% to 22.10.
Declining issues outpaced advancing ones on the Lisbon Stock Exchange by 16 to 5, while seven stocks finished unchanged.
Two notable individual-stock developments were recorded: shares of Jeronimo Martins reached a 52-week low at 17.39 following the 1.64% drop, while Banco Comercial Portugues remained unchanged at 1.03, a level noted as a five-year high in late trade.
Commodities posted notable moves during the session. Brent crude for August delivery eased 2.30% or 1.83 to trade at $77.72 a barrel. U.S. crude for July delivery fell 2.66% or 2.04 to $74.75 a barrel. The August gold futures contract moved lower by 3.03% or 132.60 to trade at $4,248.80 a troy ounce.
Currency markets and dollar benchmarks showed modest shifts. EUR/USD was effectively unchanged, moving 0.30% to 1.15, and EUR/GBP was unchanged at 0.87 with a 0.22% move reported. The US Dollar Index Futures rose 0.68% to 100.54.
Session snapshot
- PSI closing change: -0.55%
- Top gainers: EDPR +0.15% to 13.52; CTT +0.08% to 6.01
- Top losers: MOTA -2.38% to 4.60; JMT -1.64% to 17.39; SEM -1.34% to 22.10
- Market breadth: 16 down, 5 up, 7 unchanged