Portugal's benchmark equity gauge finished higher on Tuesday, with the PSI index ending the session up 0.50%. The market advance was driven primarily by strength in the Utilities, Telecoms and Technology sectors.
At the close in Lisbon, the PSI registered a gain of 0.50%. The market showed a mix of winners and losers, with falling stocks outnumbering advancing ones on the Lisbon Stock Exchange by 15 to 12, and 3 issues finishing unchanged.
Top performers on the PSI at the close included:
- Galp Energia Nom (ELI:GALP) - up 2.32% or 0.48 points to 21.18.
- EDP Renovaveis (ELI:EDPR) - up 2.02% or 0.27 points to 13.64.
- EDP Energias de Portugal SA (ELI:EDP) - up 1.58% or 0.07 points to 4.45.
Galp Energia reached an all-time high during the session, advancing 2.32% or 0.48 to close at 21.18.
Lagging names included:
- Jeronimo Martins SGPS SA (ELI:JMT) - down 2.58% or 0.58 points to 21.88.
- Altri SGPS SA (ELI:ALSS) - down 2.04% or 0.10 points to 4.57.
- CTT Correios de Portugal SA (ELI:CTT) - down 1.33% or 0.09 points to 6.70.
Commodities moved higher during the session. Brent oil for May delivery rose 2.38% or 2.39 to $102.60 a barrel. U.S. crude for May delivery was up 2.58% or 2.39 to $94.85 a barrel. Gold futures for April increased 0.17% or 8.46, trading at $5,010.66 a troy ounce.
Currency moves were limited in the session. The euro was quoted at 1.15 against the U.S. dollar, recorded as unchanged by 0.23%, and at 0.86 versus the British pound, unchanged at 0.00%. The U.S. Dollar Index Futures was reported down 0.12% at 99.35.
The session displayed uneven breadth: although the headline PSI closed higher, the number of decliners exceeded advancers on the exchange. Energy and utilities names posted notable gains, while several consumer and industrial stocks moved lower.
Market participants monitoring Lisbon trading will note the combination of stronger commodity prices and mixed equity breadth as characteristics of the day’s session.