Lisbon equities finished the session weaker on Monday, with the benchmark PSI slipping 1.19% as losses in the Basic Materials, Technology and Industrials sectors pulled the market lower.
At the close in Lisbon the PSI was down 1.19%. Losses were broad-based across several sectors, leaving only a handful of names in positive territory.
Top and bottom movers
- Banco Comercial Portugues (BCP) was the session's leading performer, rising 0.47% - an increase of 0.01 points to close at 1.08. The bank's shares moved up to five-year highs during the session.
- EDP Renovaveis (EDPR) declined 0.56%, down 0.08 points to finish at 14.29.
- Galp Energia Nom (GALP) closed 0.66% lower, a drop of 0.13 points to 18.84.
The heaviest losers included Teixeira Duarte (TDSA), which fell 2.39%, a decline of 0.01 points to 0.53; Corticeira Amorim (CORA), down 2.31% or 0.15 points to 6.35; and EDP Energias de Portugal SA (EDP), which dropped 2.30%, losing 0.11 points to close at 4.58.
Market breadth and notable moves
Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 23 to 5, while 3 names finished unchanged. Other tickers referenced in intraday strings included PTIN, which was shown at -1.88% in market summaries.
Commodities and FX
Brent oil for September delivery was marginally lower, down 0.03% or 0.02 to trade at $72.10 a barrel. U.S. crude for August delivery eased 0.01% or 0.01 to $68.68 a barrel. August Gold Futures rose 0.74%, gaining 30.69 points to trade at $4,156.39 a troy ounce.
Currency moves were modest: EUR/USD was essentially unchanged at 1.14 (noted as a 0.09% move), while EUR/GBP was unchanged at 0.85 (noted as a 0.20% move). The US Dollar Index Futures was reported up 0.16% at 100.78.
Context
Overall, the session was dominated by downward pressure across a range of sectors, with only a few names posting gains. Energy-related names such as GALP and EDP registered some of the larger declines, while BCP stood out among financials as one of the limited advancers.