Portugal's stock market closed in negative territory on Friday, with the PSI shedding 0.51% as sector weakness in Utilities, Technology and Telecoms pushed overall share prices lower.
At the Lisbon close, the headline PSI registered a 0.51% decline.
Among the index's winners, Mota Engil SGPS SA (ELI:MOTA) led gains, rising 5.94% or 0.28 points to finish at 5.05. Teixeira Duarte (ELI:TDSA) climbed 4.82% or 0.02 points to close at 0.45, while Semapa (ELI:SEM) added 2.97% or 0.65 points to end the session at 22.50.
On the downside, energy-related names and renewable producers underperformed. Galp Energia Nom (ELI:GALP) was the worst performer, falling 5.06% or 0.99 points to trade at 18.48 at the close. EDP Renovaveis (ELI:EDPR) slipped 3.19% or 0.44 points to finish at 13.36, and EDP Energias de Portugal SA (ELI:EDP) fell 2.39% or 0.11 points to 4.41.
Market breadth in Lisbon showed more advancing issues than decliners, with 19 stocks rising versus 7 that fell and 1 remaining unchanged on the session.
Commodity markets displayed pronounced moves alongside the equity session. Brent oil for June delivery dropped 10.74% or 10.67 to $88.72 a barrel. U.S. crude for May delivery recorded a 12.41% decline, down 11.75 to $82.94 a barrel. In contrast, the June Gold Futures contract rose 1.77% or 85.26 to trade at $4,893.56 a troy ounce.
Foreign exchange and dollar benchmarks were relatively steady. EUR/USD was unchanged 0.11% to 1.18, while EUR/GBP unchanged 0.03% to 0.87. The US Dollar Index Futures was down 0.26% at 97.77.
Summary of session metrics:
- PSI: -0.51%
- Top gainers: ELI:MOTA +5.94%, ELI:TDSA +4.82%, ELI:SEM +2.97%
- Top laggards: ELI:GALP -5.06%, ELI:EDPR -3.19%, ELI:EDP -2.39%
- Market breadth: 19 up, 7 down, 1 unchanged
- Commodities: Brent -10.74% to $88.72; U.S. crude -12.41% to $82.94; June gold +1.77% to $4,893.56
- Currencies and FX benchmarks: EUR/USD unchanged 0.11% to 1.18; EUR/GBP unchanged 0.03% to 0.87; US Dollar Index Futures -0.26% at 97.77