Portugal's benchmark PSI index ended the trading day in Lisbon down 0.29%, as declines concentrated in the Consumer Services, Telecoms and Basic Materials sectors pushed the market into negative territory.
At the close, EDP Renovaveis (ELI:EDPR) was the top performing stock on the PSI, advancing 2.90% to finish at 14.17. Banco Comercial Portugues (ELI:BCP) also posted gains, climbing 1.07% to 1.03, while Galp Energia Nom (ELI:GALP) rose 0.84% to close at 18.65.
On the downside, Jeronimo Martins SGPS SA (ELI:JMT) led the decliners, dropping 3.68% to 16.76 and falling to a 52-week low. Teixeira Duarte (ELI:TDSA) sank 2.76% to 0.53, and Semapa (ELI:SEM) fell 2.64% to 20.30 by the close.
Market breadth in Lisbon was negative. Declining issues outnumbered advancers by 18 to 7, while 4 stocks finished unchanged.
Commodities and currencies
Oil prices moved lower during the session: Brent crude for September delivery slipped 0.57% to $73.49 a barrel, and US crude for August delivery fell 1.20% to $69.90 a barrel. Precious metals were mixed, with the August Gold Futures contract edging up 0.07% or $2.85 to trade at $4,041.75 a troy ounce.
In currency markets, the euro was little changed versus major peers. EUR/USD was essentially flat, recorded as unchanged 0.09% to 1.14, and EUR/GBP was unchanged 0.07% to 0.86. The US Dollar Index Futures (DX) was up 0.11% at 100.99.
What the close shows
The session highlighted a split among major names: renewable energy and banking stocks produced gains while retailers and some industrial groups registered notable declines. The move in Brent and US crude juxtaposed with a small uptick in gold, and a firmer US dollar futures reading rounded out the market picture at the close.