Portugal's PSI ended Friday's session with a small gain, advancing 0.09% at the close in Lisbon. Sector strength was led by Utilities, Telecoms and Consumer Services, which collectively supported the modest upward move in the benchmark.
Among individual stocks, EDP Energias de Portugal SA (ELI:EDP) was the session's top performer on the PSI, finishing up 2.73% - a rise of 0.12 points to close at 4.52. EDP Renovaveis (ELI:EDPR) also posted a solid advance, adding 1.67% or 0.22 points to reach 13.36 at the close. Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) ended the day 0.92% higher, up 0.04 points to 3.85.
Not all names participated in the rally. Banco Comercial Portugues (ELI:BCP) recorded the largest drop on the PSI, declining 3.51% or 0.03 points to finish at 0.89. Semapa (ELI:SEM) fell 2.06% or 0.50 points to end at 23.75, and Altri SGPS SA (ELI:ALSS) slipped 1.43% or 0.07 points to 4.83.
Market breadth on the Lisbon exchange was narrowly positive, with 15 stocks rising, 13 declining and 3 finishing unchanged.
Notable intra-day price landmarks included EDP Energias de Portugal reaching 52-week highs on the day, rising to 4.52, while Ren Redes Energeticas Nacionais SGPS SA moved to all-time highs, closing at 3.85.
Commodities and currency markets showed mixed activity. Brent crude for May delivery climbed 2.34% or $1.66 to settle at $72.50 a barrel. US crude for April delivery rose 2.35% or $1.53 to $66.74 a barrel. The April gold futures contract advanced 1.09% - an increase of 56.64 - to trade at 5,250.84 a troy ounce. On the FX front, EUR/USD was unchanged 0.25% at 1.18, while EUR/GBP was unchanged 0.43% at 0.88. The US Dollar Index Futures was down 0.21% at 97.54.
Summary of movers:
- Top gainers: EDP Energias de Portugal SA (ELI:EDP) +2.73%; EDP Renovaveis (ELI:EDPR) +1.67%; Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) +0.92%.
- Top decliners: Banco Comercial Portugues (ELI:BCP) -3.51%; Semapa (ELI:SEM) -2.06%; Altri SGPS SA (ELI:ALSS) -1.43%.
The session closed with the PSI marginally higher, supported by a handful of notable gains in the utilities complex while some financial and industrial names weighed on the index.