Stock Markets April 13, 2026 12:08 PM

Lisbon Stocks Slip as PSI Drops 1.04% at Monday Close

Losses in industrials, utilities and financial names weigh on Portuguese benchmark amid large moves in oil and mixed currency flows

By Sofia Navarro
Lisbon Stocks Slip as PSI Drops 1.04% at Monday Close

Portugal's PSI 20 index ended Monday down 1.04% after a session dominated by declines in the Industrials, Utilities and Financials sectors. Market breadth favored losers, with 16 shares falling, eight rising and six unchanged. Notable mover Jeronimo Martins rose modestly while several construction and renewables names recorded sharp declines. Commodity markets saw large gains in crude benchmarks and a drop in gold futures, while key euro currency pairs were roughly unchanged and the U.S. Dollar Index futures ticked higher.

Key Points

  • The PSI closed down 1.04% at the Lisbon trading session close, led by losses in Industrials, Utilities and Financials.
  • Top performers included Jeronimo Martins (ELI:JMT) up 1.25% to 21.10 and Galp Energia (ELI:GALP) up 1.19% to 19.55; Sonae (ELI:YSO) slipped 0.49% to 2.04.
  • Significant declines were recorded in Teixeira Duarte (ELI:TDSA) -4.22% to 0.43, Mota Engil (ELI:MOTA) -3.11% to 4.80 and EDP Renovaveis (ELI:EDPR) -2.84% to 14.05; market breadth showed 16 decliners, 8 advancers and 6 unchanged.

Portugal's main stock gauge closed lower on Monday, with the PSI falling 1.04% as weakness in Industrials, Utilities and Financials exerted downward pressure on the market. The session in Lisbon ended with more decliners than advancers and mixed outcomes across selected large-cap names.

Among constituents, Jeronimo Martins SGPS SA (ELI:JMT) was the top performer, finishing up 1.25% - a gain of 0.26 points to close at 21.10. Galp Energia Nom (ELI:GALP) also advanced, adding 1.19% or 0.23 points to reach 19.55 at the close. By contrast, Sonae SGPS SA (ELI:YSO) registered a small decline of 0.49% or 0.01 points to end at 2.04.

The session's weakest showings were concentrated among construction and renewable-energy names. Teixeira Duarte (ELI:TDSA) slid 4.22%, a fall of 0.02 points to finish at 0.43. Mota Engil SGPS SA (ELI:MOTA) dropped 3.11% or 0.15 points to close at 4.80, while EDP Renovaveis (ELI:EDPR) eased 2.84%, losing 0.41 points to end the day at 14.05.

On market breadth, falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 16 to 8, and six issues finished without change.


Commodity markets showed pronounced moves during the same period. Brent crude for June delivery climbed 6.91% - rising 6.58 to trade at $101.78 a barrel. U.S. crude for May delivery increased 6.15%, up 5.94 to $102.51 a barrel. In contrast, the June gold futures contract slipped 1.04%, a drop of 49.65, to trade at $4,737.75 a troy ounce.

Currency pairs were broadly steady: EUR/USD was unchanged 0.09% to 1.17, and EUR/GBP was unchanged 0.03% to 0.87. Meanwhile, the US Dollar Index Futures moved higher by 0.14%, trading at 98.58.


The close underscored a session in which commodity-price swings and concentrated sector weakness coincided with limited breadth on the exchange. Investors watching Portugal's benchmarks will note the split between a few modest winners and several sizeable declines among industrial and utilities names.

Risks

  • Large upward moves in crude benchmarks (Brent and U.S. crude) may amplify market volatility and affect energy-related equities and input costs for industrials.
  • Concentrated declines among construction and renewables stocks indicate sector-specific exposure within Industrials and Utilities.
  • Limited market breadth, with twice as many falling issues as rising ones, highlights potential downside risk if selling pressure intensifies.

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