Portugal's benchmark PSI index finished the session lower on Friday, slipping 0.23% at the close in Lisbon as declines in Basic Materials, Utilities and Financials sectors pressured the market.
Market breadth was mixed: 15 stocks rose, 11 fell and 6 ended unchanged on the Lisbon exchange.
Top gainers
- Ren Redes Energeticas Nacionais SGPS SA (RENE) led the winners, advancing 1.87% - a gain of 0.07 points - to finish at 3.81.
- Corticeira Amorim (CORA) climbed 1.09% or 0.07 points to close at 6.47.
- Sonae SGPS SA (YSO) rose 0.97% or 0.02 points to end the day at 2.08; the stock also reached an all-time high in the session.
Leading decliners
- Semapa (SEM) was the weakest performer, down 1.86% or 0.40 points to a close of 21.10.
- EDP Energias de Portugal SA (EDP) slipped 0.98% or 0.04 points to finish at 4.46.
- Jeronimo Martins SGPS SA (JMT) declined 0.86% or 0.15 points to close at 17.24.
Commodities saw significant moves during the session. Brent oil for September delivery lost 3.96%, a drop of 2.99, settling at $72.51 a barrel. U.S. crude for August delivery fell 3.93% or 2.83 to $69.09 a barrel. By contrast, the August Gold Futures contract rose 1.42%, gaining 57.65 to trade at $4,105.25 a troy ounce.
In foreign exchange trading, EUR/USD was reported unchanged at 0.28% to 1.14, while EUR/GBP was unchanged at 0.10% to 0.86. The US Dollar Index Futures traded down 0.20% at 100.99.
This session's price action left the PSI down 0.23% at the close, with sector pressure concentrated in Basic Materials, Utilities and Financials. Sonae's move to a record level stood out amid otherwise modest shifts across headline constituents.
Investors monitoring Portuguese equities will note the divergence between a handful of individual stock highs and broader selling pressure, alongside notable commodity price swings that accompanied the trading day.