Portugal's stock market finished marginally lower on Monday, with the PSI closing down 0.01% in Lisbon as declines in the Consumer Goods, Financials and Consumer Services sectors weighed on the benchmark.
At the close, The Navigator Company SA (ELI:NVGR) was the top performer on the PSI, up 1.06% or 0.04 points to 3.43. Galp Energia Nom (ELI:GALP) also recorded gains, adding 1.04% or 0.20 points to finish at 19.46, while Corticeira Amorim (ELI:CORA) rose 0.62% or 0.04 points to end the session at 6.51.
On the downside, Teixeira Duarte (ELI:TDSA) led declines, falling 1.44% or 0.01 points to close at 0.41. Mota Engil SGPS SA (ELI:MOTA) slipped 1.32% or 0.06 points to 4.49, and CTT Correios de Portugal SA (ELI:CTT) was down 1.01% or 0.06 points to 5.88 at the close.
Market breadth on the Lisbon Stock Exchange was narrowly positive, with 15 advancing issues versus 13 decliners, while 2 stocks finished unchanged.
Commodities and currencies
Commodity prices showed mixed moves in the session. Brent oil for August delivery rose 1.53% or 1.42 to trade at $94.51 a barrel. U.S. crude for July delivery increased 0.89% or 0.81 to $91.35 a barrel. The August gold futures contract was up 0.02% or 0.92, trading at $4,366.22 a troy ounce.
In FX, EUR/USD was effectively unchanged at 1.15, moving 0.21%, while EUR/GBP was unchanged at 0.87, moving 0.16% according to the session's reported figures. The US Dollar Index Futures was down 0.14% at 99.92.
Implications and context
The session produced only a marginal decline in the PSI despite several notable individual movers. Gains in key names such as The Navigator Company and Galp Energia were not sufficient to offset losses in other heavyweights in the Consumer Goods, Financials and Consumer Services sectors. The narrow advance-to-decline ratio indicates a relatively balanced market mood at the close.
Snapshot of notable movers
- The Navigator Company SA (ELI:NVGR): 3.43, +1.06% (+0.04)
- Galp Energia Nom (ELI:GALP): 19.46, +1.04% (+0.20)
- Corticeira Amorim (ELI:CORA): 6.51, +0.62% (+0.04)
- Teixeira Duarte (ELI:TDSA): 0.41, -1.44% (-0.01)
- Mota Engil SGPS SA (ELI:MOTA): 4.49, -1.32% (-0.06)
- CTT Correios de Portugal SA (ELI:CTT): 5.88, -1.01% (-0.06)