Portugal's equity market finished higher on Wednesday, with the PSI index closing up 1.12% in Lisbon. Sector strength in Industrials, Financials and Consumer Services accounted for much of the upward movement in share prices at the session's end.
Top movers on the PSI
The session's strongest performer was Corticeira Amorim (ELI:CORA), which climbed 4.90% or 0.33 points to finish at 7.06. Construction and engineering group Mota Engil SGPS SA (ELI:MOTA) gained 4.75% or 0.22 points to close at 4.89, while Teixeira Duarte (ELI:TDSA) rose 4.74% or 0.02 points to end the day at 0.44.
Lagging and modestly advancing stocks
Energy company Galp Energia Nom (ELI:GALP) registered the largest decline among the stocks highlighted, dropping 2.82% or 0.56 points to trade at 19.30 at the close. Ibersol SGPS (ELI:IBS) moved up 0.17% or 0.02 points to finish at 11.96, and The Navigator Company SA (ELI:NVGR) rose 0.42% or 0.01 points to close at 3.37.
On the Lisbon Stock Exchange overall, advancing issues outnumbered decliners by 18 to 9, with 4 stocks unchanged.
Commodities and currency moves
In commodities trading, Brent oil for July delivery fell 6.81% or 7.48 to $102.39 a barrel. U.S. crude for June delivery declined 6.58% or 6.73 to $95.54 a barrel. Precious metals saw gains as the June Gold Futures contract rose 2.78% or 126.86 to trade at $4,695.36 a troy ounce.
Foreign exchange rates showed the euro gaining against the dollar, with EUR/USD up 0.50% to 1.18. The EUR/GBP rate was reported as unchanged 0.21% to 0.86. The US Dollar Index Futures fell 0.43% to 97.89.
Market breadth and closing context
The session in Lisbon closed with a clear tilt toward advancing names, supported by notable percentage gains among several industrial and construction-related equities. Meanwhile, the energy complex recorded sharp declines in oil benchmarks for the nearby contract months.
These closing prices and percentage changes reflect the day's trading activity on the Lisbon exchange and in related commodity and currency markets.