Portuguese equities closed modestly higher on Thursday, with gains concentrated in the Telecoms, Utilities and Technology sectors.
At the Lisbon market close the PSI rose 0.25%.
The session's strongest performers included Nos SGPS SA (ELI:NOS), which climbed 2.53% or 0.14 points to finish at 5.66. EDP Energias de Portugal SA (ELI:EDP) gained 1.18% or 0.05 points to end at 4.53, while EDP Renovaveis (ELI:EDPR) added 1.11% or 0.15 points to close at 13.68.
On the downside, Teixeira Duarte (ELI:TDSA) was the weakest name in the PSI, slipping 1.88% or 0.01 points to 0.42 at the close. Mota Engil SGPS SA (ELI:MOTA) fell 1.32% or 0.06 points to 4.79, and CTT Correios de Portugal SA (ELI:CTT) declined 1.31% or 0.09 points to 6.41.
Market breadth on the Lisbon Stock Exchange was negative: falling stocks outnumbered advancing ones by 18 to 9, and 5 issues finished unchanged.
Shares of Nos SGPS SA (ELI:NOS) reached a five-year high, rising 2.53% or 0.14 to 5.66 by the close.
Commodities saw upward movement in oil prices. Brent for June delivery increased 1.76% or 1.79 to $103.70 a barrel, and crude oil for June delivery rose 1.83% or 1.70 to $94.66 a barrel. Precious metals moved the other way, with the June Gold Futures contract slipping 0.37% or 17.59 to trade at $4,735.41 a troy ounce.
Major currency pairs were largely steady at the close. EUR/USD was effectively unchanged at 1.17, reflecting a 0.05% move, while EUR/GBP registered a 0.06% change to 0.87. The US Dollar Index Futures was up 0.08% at 98.50.
Summary of the session: the PSI posted a 0.25% gain led by Telecoms, Utilities and Technology, with headline movers including ELI:NOS, ELI:EDP and ELI:EDPR higher, and ELI:TDSA, ELI:MOTA and ELI:CTT lower. Oil prices rose, gold eased, and FX rates remained largely flat at the close.