Portugal's equity gauge finished slightly in negative territory on Tuesday, with the PSI index falling 0.03% to close at a new one-month low. Losses were concentrated in the Technology, Consumer Services and Industrials sectors, which collectively pushed the market lower at the Lisbon close.
At the end of trading in Lisbon, EDP Energias de Portugal SA (ELI:EDP) was the session's strongest performer, rising 0.92% - or 0.04 points - to finish at 4.37. CTT Correios de Portugal SA (ELI:CTT) also closed higher, adding 0.83% - or 0.05 points - to reach 6.04, while EDP Renovaveis (ELI:EDPR) edged up 0.35% - or 0.05 points - to end the session at 14.25.
On the downside, Teixeira Duarte (ELI:TDSA) recorded the steepest fall, sliding 3.03% - or 0.01 points - to close at 0.40. Altri SGPS SA (ELI:ALSS) declined 1.84% - or 0.09 points - to finish at 4.81, and Ibersol SGPS (ELI:IBS) was down 1.39% - or 0.16 points - to end the day at 11.34.
Market breadth at the Lisbon exchange showed 15 stocks finished lower, 15 finished higher and 2 were unchanged.
Commodity markets were mixed in late trade. Brent oil for August delivery gained 0.33% - or 0.31 - to trade at $95.29 a barrel. U.S. crude for July delivery rose 0.46% - or 0.42 - to $92.58 a barrel. In metals, the August Gold Futures contract advanced 0.53% - or 23.85 - to trade at $4,530.15 a troy ounce.
Currency moves were modest. EUR/USD was effectively unchanged at 1.16, with a 0.05% move recorded, while EUR/GBP was unchanged at 0.86 with a 0.02% move. The US Dollar Index Futures was down 0.03% at 99.12.
For investors looking for valuation context on individual names, a Fair Value calculator that aggregates 17 industry valuation models is available to estimate EDP's valuation and to compare it with other stocks.
Overall, the session closed with only marginal losses for the PSI, even as a handful of energy and industrial-related names moved in opposite directions.