Portugal's equities closed higher on Wednesday as the PSI index advanced 0.76% to register a new five-year high at the close of trading in Lisbon. The market rally was driven by strength across the Financials, Industrials and Technology sectors, which together pushed the benchmark higher.
Among individual stocks, Mota Engil SGPS SA (ELI:MOTA) recorded the largest gain on the PSI, rising 4.12% - an increase of 0.20 points - to finish at 5.15. Banco Comercial Portugues (ELI:BCP) also contributed to the upside, adding 2.78% or 0.02 points to close at 0.90. Teixeira Duarte (ELI:TDSA) advanced 1.92%, a move of 0.01 points, to end the session at 0.53.
The session's declines were led by Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE), which slipped 1.57% or 0.06 points to trade at 3.76 at the close. Jeronimo Martins SGPS SA (ELI:JMT) fell 1.22%, a decline of 0.26 points, to finish at 21.10, and Ibersol SGPS (ELI:IBS) dropped 0.88% or 0.10 points to close at 11.25.
On the Lisbon Stock Exchange overall, advancing issues outnumbered decliners by 21 to 6, while 4 stocks finished unchanged.
Commodities saw notable moves during the day. Brent oil for April delivery rose 3.54% - up 2.39 - to $69.81 a barrel. U.S. crude for April delivery climbed 3.77% or 2.35 to reach $64.61 a barrel. In metals, the April Gold Futures contract strengthened 2.36% or 115.59 to trade at $5,021.49 a troy ounce.
In FX and rates-sensitive instruments, EUR/USD was effectively unchanged at 1.18, reflecting a 0.35% notation in the report, while EUR/GBP registered no change at 0.87 with a 0.13% figure cited. The US Dollar Index Futures moved higher, up 0.37% to 97.42.
Separately, the session included a promotional note on AI-driven stock selection strategies: Investing.com's ProPicks AI is described as offering multiple portfolios curated by an AI engine. The note states that year to date two out of three global portfolios are outperforming their benchmark indexes, with 88% of portfolios in positive territory. It further notes that the flagship Tech Titans strategy reportedly doubled the S&P 500 within 18 months and highlights past winners such as Super Micro Computer (+185%) and AppLovin (+157%).
This trading day in Lisbon featured a clear bias toward advancing stocks and meaningful moves in energy and precious metals markets, while currency indicators showed limited change.