Stock Markets August 24, 2026 12:08 PM

Portugal's PSI Climbs to Three-Month High as Select Stocks Lead Gains

Consumer services, financials and basic materials push market higher while energy names lag amid falling oil prices

By Priya Menon
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Portugal's benchmark PSI index closed higher on Monday, rising 0.40% to reach a three-month peak. Momentum was concentrated in consumer services, financials and basic materials, with Jeronimo Martins, Ibersol and CTT among the top advancers. Energy and select industrial names underperformed as global oil benchmarks slipped and the U.S. dollar inched up.

Portugal's PSI Climbs to Three-Month High as Select Stocks Lead Gains
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Key Points

  • The PSI index rose 0.40% to close at a three-month high.
  • Top gainers included Jeronimo Martins (+3.08%), Ibersol (+1.10%) and CTT (+1.01%), while Galp (-2.28%), Mota Engil (-0.31%) and Ren (-0.28%) were the largest decliners.
  • Energy benchmarks fell (Brent and U.S. crude down), gold futures climbed, and the U.S. Dollar Index futures ticked higher; EUR/USD and EUR/GBP were largely flat.

Portuguese equities ended the trading day in positive territory on Monday, with the PSI index advancing 0.40% to register a new three-month high at the close in Lisbon. Gains were led by stocks in the Consumer Services, Financials and Basic Materials sectors, which collectively supported the market's upward move.

At the individual stock level, Jeronimo Martins SGPS SA (ELI:JMT) was the session's strongest performer, finishing up 3.08%, or 0.54 points, to close at 18.08. Ibersol SGPS (ELI:IBS) added 1.10%, or 0.11 points, to finish the day at 10.10, while CTT Correios de Portugal SA (ELI:CTT) rose 1.01%, or 0.07 points, to end at 6.48.

On the downside, Galp Energia Nom (ELI:GALP) recorded the largest decline among main PSI names, losing 2.28%, or 0.50 points, to close at 21.43. Mota Engil SGPS SA (ELI:MOTA) slipped 0.31%, or 0.01 points, to 4.50, and Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) fell 0.28%, or 0.01 points, to 3.54.

Market breadth in Lisbon was positive: 15 stocks advanced while nine declined and six finished unchanged.


Commodities and FX snapshot

Energy benchmarks moved lower during the session. Brent crude for November delivery fell 2.21%, or $2.05, to $90.62 a barrel. U.S. crude for October delivery was down 2.53%, or $2.20, settling at $84.86 a barrel. In contrast, December gold futures rose 0.72%, or $33.80, to trade at $4,714.40 a troy ounce.

Currency moves were modest. The euro was largely steady against major crosses: EUR/USD was effectively unchanged at 1.17 (a 0.09% move) and EUR/GBP was near 0.86 (0.01% change). The U.S. Dollar Index futures recorded a small gain, up 0.18% to 98.91.


The session's performance highlights a market where sector leadership was concentrated rather than broad-based, and where commodity and currency price swings continued to register in headline macros. Notable individual stock moves were recorded both on the upside and the downside, leaving overall Lisbon market momentum modestly positive at the close.

Risks

  • Volatility in commodity prices: Brent and U.S. crude futures both declined during the session, which introduces near-term uncertainty for energy-related securities and broader market sentiment.
  • Concentrated stock moves: Several individual names registered sizable gains or losses, indicating company-specific volatility that can affect sector-level performance.
  • Exchange-rate and dollar strength uncertainty: Small movements in EUR/USD and EUR/GBP alongside a stronger U.S. Dollar Index futures reading could influence export-sensitive companies and import costs.

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