Portugal's equity market finished the trading session higher on Friday, with broad participation from Industrials, Financials and Utilities names pushing the PSI up 1.27% to a fresh five-year high at the close in Lisbon.
The session's top performer on the PSI was Mota Engil SGPS SA (ELI:MOTA), which climbed 4.71% - a 0.22 point gain - to finish at 4.85. Ibersol SGPS (ELI:IBS) rose 3.27% or 0.35 points to end at 11.05, while Galp Energia Nom (ELI:GALP) advanced 3.17% or 0.54 points to 17.55 in late trade.
On the downside, The Navigator Company SA (ELI:NVGR) recorded the largest drop among listed names, slipping 0.31% or 0.01 points to trade at 3.25 at the close. Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) finished unchanged at 3.51, and Semapa (ELI:SEM) also closed flat at 22.35.
Market breadth in Lisbon favored rising issues, with 19 stocks advancing versus six decliners and five that ended the session unchanged. Ibersol's share price reached a five-year high during the session, closing up 3.27% or 0.35 at 11.05.
Commodities markets showed gains on the day. Brent oil for April delivery increased 1.52% or $1.03 to $68.58 a barrel, while crude oil for March delivery rose 1.45% or $0.92 to $64.21 a barrel. April Gold Futures moved higher by 1.87% or $91.26 to trade at $4,980.76 a troy ounce.
In currency and futures trading, EUR/USD was reported unchanged at 0.30% to 1.18, and EUR/GBP was unchanged at 0.24% to 0.87. The US Dollar Index Futures declined 0.18% to 97.53.
Key points
- PSI rose 1.27% to a new five-year high, led by gains in Industrials, Financials and Utilities.
- Top individual performers included Mota Engil (ELI:MOTA), Ibersol (ELI:IBS) and Galp Energia (ELI:GALP); the session laggard was The Navigator Company (ELI:NVGR).
- Commodity prices were higher on the day - Brent, crude and gold saw gains - while the US Dollar Index Futures slipped.
Risks and uncertainties
- Commodity price movements - notably in oil and gold - could increase volatility for resource-linked sectors such as energy and utilities.
- Exchange-rate and dollar-futures moves introduce uncertainty for exporters and import-sensitive businesses, given the reported FX and futures changes.
- Concentration of gains among a subset of sectors means that broader market advances may be sensitive to sector-specific developments.
These observations reflect the market data reported at the close in Lisbon and the related commodity and currency quotes recorded during the same trading session.