Portugal's stock market closed higher on Tuesday, with the PSI index finishing the session up 1.67% in Lisbon. Gains were driven by strength in the Financials, Utilities and Basic Materials sectors, which together pushed the benchmark into positive territory at the close.
Among individual shares, Banco Comercial Portugues (ELI:BCP) led the advance, rising 3.51% - an increase of 0.03 points - to finish at 0.84. Renewable-energy group EDP Renovaveis (ELI:EDPR) added 3.20%, gaining 0.40 points to close at 12.91. Construction and services group Teixeira Duarte (ELI:TDSA) also advanced, up 3.03% or 0.01 points to 0.48 at the end of trading.
On the downside, Galp Energia Nom (ELI:GALP) posted the largest decline among top names, falling 1.89% - a drop of 0.38 points - to end the day at 19.69. Mota Engil SGPS SA (ELI:MOTA) slipped 0.26%, down 0.01 points to 4.57. By contrast, Jeronimo Martins SGPS SA (ELI:JMT) recorded a modest gain of 0.47%, or 0.10 points, to close at 21.48.
Market breadth in Lisbon skewed positive, with 23 stocks closing higher versus six that declined; two issues finished unchanged.
Commodities markets showed pronounced movement during the session. Brent crude for May delivery fell sharply, down 14.42% or $14.27, to $84.69 a barrel. US crude for April delivery declined 14.86% or $14.08, settling at $80.69 a barrel. Precious metals moved in the opposite direction: the April Gold Futures contract rose 2.71% - an increase of $138.16 - to trade at $5,241.86 a troy ounce.
In foreign-exchange trading, EUR/USD was effectively unchanged at around 1.17, moving 0.20%, while EUR/GBP was little changed as well, at 0.87 with a 0.05% move. The US Dollar Index Futures fell 0.64% to 98.54.
Overall, the session showed concentrated leadership from financial, utility and materials names in Portugal, set against large swings in oil markets and modest movement in currencies and precious metals.