Portugal's stock market ended the trading day lower on Monday, with the PSI retreating 1.27% to register a new one-month low. Sector weakness in Industrials, Consumer Services and Basic Materials underpinned the downward move across the exchange.
The session's strongest performers on the PSI included energy major Galp Energia (ELI:GALP), which climbed 1.82% or 0.34 points to close at 18.98. Renewable developer EDP Renovaveis (ELI:EDPR) also posted a gain, adding 0.21% or 0.03 points to finish at 14.20. Banco Comercial Portugues (ELI:BCP) was effectively flat, recorded as unchanged with a 0.06% or 0.00 point move to 0.94 in late trade.
On the downside, Teixeira Duarte (ELI:TDSA) was the weakest name of the session, sliding 4.07% or 0.02 points to end at 0.41. Cement-to-industrials group Semapa (ELI:SEM) declined 3.16% or 0.75 points to close at 23.00, while construction and engineering firm Mota Engil SGPS SA (ELI:MOTA) slipped 2.99% or 0.14 points to 4.61.
Market breadth was negative, with decliners outnumbering advancers by 16 to 9 and four stocks finishing unchanged on the Lisbon Stock Exchange.
Commodities trading featured marked strength in crude oil and divergence in precious metals. Brent oil for August delivery rose 6.60% or 6.01 to $97.13 a barrel. West Texas Intermediate crude for July delivery increased 7.58% or 6.62 to $93.98 a barrel. In contrast, the August Gold Futures contract fell 1.98% or 90.83 to trade at $4,502.17 a troy ounce.
Foreign exchange moves were mixed. EUR/USD was reported unchanged at 0.34% to 1.16, and EUR/GBP remained unchanged at 0.23% to 0.86. The US Dollar Index Futures rose 0.37% to 99.22.
Taken together, the session reflected concentrated weakness across several cyclical sectors on the PSI, alongside notable commodity volatility. A small cohort of energy and renewable names bucked the broader decline, while key industrial and materials stocks recorded some of the largest drops.
Below are key facts from the close:
- PSI: -1.27% (one-month low)
- Top intraday risers: GALP +1.82%, EDPR +0.21%, BCP +0.06% (unchanged)
- Top intraday fallers: TDSA -4.07%, SEM -3.16%, MOTA -2.99%
- Commodities: Brent +6.60% to $97.13; WTI +7.58% to $93.98; August Gold Futures -1.98% to $4,502.17/oz
- Currencies and indexes: EUR/USD unchanged to 1.16; EUR/GBP unchanged to 0.86; US Dollar Index Futures +0.37% to 99.22
The market closed with more decliners than advancers and a handful of names posting modest gains, while oil moved higher and gold retreated.