Portugal's stock market ended Thursday on the back foot, with the PSI benchmark finishing down 2.06% at the close in Lisbon. Declines were led by companies in the Consumer Services, Industrials and Financials sectors, which collectively pushed the market into negative territory.
Session movers
The session's top performer was Galp Energia Nom (ELI:GALP), which climbed 3.79% - a gain of 0.81 points - to finish at 22.16. Galp's shares reached new record highs during the session.
Nos SGPS SA (ELI:NOS) posted a smaller advance, adding 0.75% or 0.04 points to close at 5.39. Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) ended marginally lower, down 0.39% or 0.02 points to 3.87.
On the downside, CTT Correios de Portugal SA (ELI:CTT) experienced the heaviest fall, dropping 11.08% or 0.74 points to close at 5.94, a move that took its shares to 52-week lows. Jeronimo Martins SGPS SA (ELI:JMT) retreated 7.34% or 1.58 points to end the day at 19.96, while Sonae SGPS SA (ELI:YSO) lost 5.74% or 0.11 points to finish at 1.84.
Market breadth and readings
Decliners outnumbered gainers on the Lisbon Stock Exchange by 19 to 5, with 4 stocks unchanged at the close. The uneven breadth reflected concentrated selling pressure among a handful of larger names, particularly in consumer-related segments.
Commodities and currencies
Commodity markets showed mixed moves during the session. Brent oil for May delivery rose 2.23% or 2.39 to trade at $109.77 per barrel. US crude for May delivery increased 1.70% or 1.62 to $97.08 a barrel. By contrast, the April Gold Futures contract registered a sharp decline of 6.39% or 312.94 to trade at $4,583.26 a troy ounce.
In FX markets, the euro strengthened versus the dollar, with EUR/USD up 0.76% to 1.15. EUR/GBP was essentially flat, moving 0.13% to 0.86. The US Dollar Index Futures eased 0.49% to 99.38.
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Summary
The Lisbon market closed lower, with the PSI down 2.06%. Energy stock Galp delivered the strongest performance and reached an all-time high during the session, while CTT dropped to a 52-week low. Commodity and currency moves showed stronger oil and a softer dollar index, alongside a significant drop in gold futures.