Portugal's stock market finished the trading day in positive territory on Tuesday, with the PSI index advancing 1.40% to a new five-year high. Sector-level strength was led by Utilities, Telecoms and Basic Materials, which collectively underpinned the rise in the benchmark.
The session's strongest individual performers included EDP Renovaveis (ELI:EDPR), which climbed 3.45% - an increase of 0.44 points - ending the day at 13.20. Telecom operator Nos SGPS SA (ELI:NOS) added 2.61%, or 0.12 points, to close at 4.51. EDP Energias de Portugal SA (ELI:EDP) also gained ground, rising 1.78% - 0.08 points - to finish at 4.34.
On the downside, Teixeira Duarte (ELI:TDSA) was the weakest quoted stock in the session, falling 1.67% or 0.01 points to 0.47 at the close. Grocery and retail group Jeronimo Martins SGPS SA (ELI:JMT) recorded a small decline of 0.10%, slipping 0.02 points to 20.12. Ibersol SGPS (ELI:IBS) was unchanged for the day, finishing at 10.65.
Market breadth on the Lisbon exchange favored advancing names, with 19 stocks higher versus six decliners and three unchanged at the close.
Movements in commodity markets were mixed. Brent crude for April delivery rose 0.51%, or $0.34, to $66.64 a barrel. US crude for March delivery increased 0.72%, or $0.45, to $62.59 a barrel. Gold futures for April displayed a substantial percentage change in the session, with the contract up 6.68% - an increase of 310.94 - to trade at $4,963.54 per troy ounce.
Currency and index moves were modest. The EUR/USD rate was reported at 1.18 with a quoted change of 0.29%, and EUR/GBP was at 0.86 with a quoted change of 0.03%. The US Dollar Index Futures was lower, down 0.26% at 97.24.
Overall, the session in Lisbon was characterized by concentrated sector gains that helped propel the PSI to a five-year high, while commodity and currency prices showed a variety of directional moves by the close of trade.