Stock Markets June 23, 2026 12:05 PM

Portugal's PSI Falls 0.34% as Financials, Utilities and Materials Weigh on Market

Mixed session with select gains for telecom and retail names; energy and materials stocks lead declines

By Caleb Monroe
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Portugal's benchmark PSI closed lower on Tuesday, slipping 0.34% as losses across the Financials, Utilities and Basic Materials sectors outpaced gains. While Nos, Jeronimo Martins and Sonae were among the session's top performers, EDP Renovaveis, Altri and Semapa registered the steepest drops. Market breadth was marginally negative and global commodity and FX moves showed modest volatility.

Portugal's PSI Falls 0.34% as Financials, Utilities and Materials Weigh on Market
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Key Points

  • Portugal's PSI closed down 0.34% on Tuesday, driven by losses in Financials, Utilities and Basic Materials.
  • Top gainers included NOS (+1.54%), Jeronimo Martins (+1.45%) and Sonae (+1.30%), while EDP Renovaveis (-3.01%), Altri (-1.61%) and Semapa (-1.59%) were the biggest decliners.
  • Commodities and FX showed modest moves: Brent fell to $76.81/bbl, August crude to $73.14/bbl, gold futures dropped to $4,151.70/oz, and the US Dollar Index futures rose to 101.17.

Portugal's stock market ended Tuesday's trading in negative territory, with the PSI index retreating 0.34% at the close in Lisbon as several sector groups pressured the overall level.

The headline PSI finished the session down 0.34%.

Top performers

  • Nos SGPS SA (ELI:NOS) gained 1.54%, up 0.08 points to finish at 5.28.
  • Jeronimo Martins SGPS SA (ELI:JMT) rose 1.45%, adding 0.25 points to close at 17.47.
  • Sonae SGPS SA (ELI:YSO) climbed 1.30%, up 0.03 points to end at 2.02.

Largest decliners

  • EDP Renovaveis (ELI:EDPR) led losses, falling 3.01% or 0.42 points to close at 13.55.
  • Altri SGPS SA (ELI:ALSS) slipped 1.61%, down 0.08 points to 4.88 at the close.
  • Semapa (ELI:SEM) eased 1.59%, a decline of 0.35 points to finish at 21.70.

On the Lisbon Stock Exchange, decliners outnumbered advancers by a narrow margin, with 13 stocks falling, 12 rising and 4 ending unchanged.

Commodities and futures

  • Brent crude for September delivery traded down 0.92%, or $0.71, to $76.81 a barrel.
  • Crude oil for August delivery fell 0.97%, or $0.72, settling at $73.14 a barrel.
  • The August gold futures contract declined 1.21%, or $51.00, to trade at $4,151.70 a troy ounce.

Foreign exchange and index futures

  • The EUR/USD rate was reported unchanged 0.43% at 1.14, while EUR/GBP was unchanged 0.09% at 0.86.
  • US Dollar Index futures were up 0.38%, trading at 101.17.

This session highlighted modest divergence within the PSI components: telecommunications and retail-related names posted gains, while renewable energy and basic materials names were among the largest decliners. Market participants tracked commodity price moves and currency fluctuations alongside domestic equity performance.

Risks

  • Sector concentration risk as losses in Financials, Utilities and Basic Materials pressured the overall PSI, which could amplify volatility in those sectors.
  • Commodity price swings, including declines in Brent and crude, may affect energy-related and materials companies' near-term valuations.
  • Currency and index futures moves (EUR/USD, EUR/GBP and the US Dollar Index) introduce foreign exchange and macro risk that can influence multinational firms and exporters.

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