Stock Markets March 24, 2026 01:05 PM

Lisbon Stocks Climb as Technology, Utilities and Consumer Services Lead Gains

PSI rises 1.18% at the close as select energy and renewables names top the leaderboard; mixed moves across commodities and currencies

By Hana Yamamoto
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SEM

Portugal's benchmark PSI index closed higher, gaining 1.18% as advances in Technology, Utilities and Consumer Services propelled the market. Energy-related and renewable names featured among the session's top performers, while a small set of mid- and small-cap stocks lagged. Broader market breadth favored risers, and commodity markets showed notable strength in oil prices ahead of the close.

Lisbon Stocks Climb as Technology, Utilities and Consumer Services Lead Gains
SEM
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Key Points

  • PSI closed up 1.18% in Lisbon, led by gains in Technology, Utilities and Consumer Services sectors.
  • Top individual performers included Galp Energia Nom (+3.00%), Semapa (+1.67%) and EDP Renovaveis (+1.65%); laggards included Teixeira Duarte (-1.66%), CTT (-0.67%) and Mota Engil (-0.28%).
  • Commodity markets saw sharp oil gains - Brent for June at $100.48/bbl and U.S. crude for May at $93.10/bbl - while gold futures fell; currency moves were modest with the US Dollar Index up to 99.40.

Portugal's stock market finished the trading day in positive territory, with the PSI index up 1.18% at the close in Lisbon. The advance was paced by gains in the Technology, Utilities and Consumer Services sectors, which together helped push the benchmark higher.

Among individual stocks, Galp Energia Nom (ELI:GALP) led the winners, climbing 3.00% — a 0.61-point increase — to finish at 20.92. Semapa (ELI:SEM) was also among the stronger performers, adding 1.67% or 0.35 points to close at 21.35. EDP Renovaveis (ELI:EDPR) rose 1.65%, up 0.21 points to end the session at 12.96.

On the downside, several names recorded modest declines. Teixeira Duarte (ELI:TDSA) slipped 1.66% or 0.01 points to close at 0.41. CTT Correios de Portugal SA (ELI:CTT) fell 0.67%, a 0.04-point drop, ending the day at 5.95. Mota Engil SGPS SA (ELI:MOTA) was down 0.28% or 0.01 points to 4.28.

Market breadth in Lisbon favored advancing issues, with 18 stocks rising versus five that fell; seven issues finished unchanged.

Commodity markets showed marked moves during the session. Brent oil for June delivery gained 4.75%, up 4.56 to trade at $100.48 a barrel. U.S. crude for May delivery rose 5.64%, a 4.97 increase, to $93.10 a barrel. In precious metals, the June Gold Futures contract declined 0.27%, down 11.99 to trade at $4,427.51 a troy ounce.

Currency markets were relatively steady. EUR/USD was unchanged 0.41% to 1.16, while EUR/GBP was unchanged 0.08% to 0.87. The US Dollar Index Futures rose 0.69% to 99.40.


Readers should note the market moves recorded at the close reflect the session's final prices in Lisbon and related global commodity and currency benchmarks as stated above.

Risks

  • Volatility in oil prices - the sharp rise in Brent and U.S. crude could affect energy-linked companies and sector sentiment.
  • Concentration risk in a small number of advancing sectors - Technology, Utilities and Consumer Services led gains, leaving other sectors more exposed to downside.
  • Limited breadth - while advancers outnumbered decliners, only 18 stocks rose against 5 that fell and 7 unchanged, indicating a market still reliant on specific winners.

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