Lisbon, Portugal - Portugal's equity benchmark ended Tuesday's session in negative territory, with the PSI index falling 0.32% to close at a new one-month low.
Market weakness was driven by losses in the Utilities, Consumer Goods and Industrials sectors, which together pushed the index lower by the close of trading in Lisbon.
Top and bottom performers
On the winners' list, Altri SGPS SA (ELI:ALSS) led gains, rising 1.43% or 0.07 points to finish at 4.98. Jeronimo Martins SGPS SA (ELI:JMT) added 1.42% or 0.25 points to close at 17.82. The Navigator Company SA (ELI:NVGR) also advanced, up 1.11% or 0.04 points to 3.47 at the close.
Among the session's weakest performers, Galp Energia Nom (ELI:GALP) dropped 2.44% or 0.48 points to end at 18.99. EDP Renovaveis (ELI:EDPR) fell 1.50% or 0.21 points to finish at 13.80, while Ibersol SGPS (ELI:IBS) declined 1.17% or 0.12 points to 10.12.
Decliners outnumbered advancers on the Lisbon Stock Exchange by 13 to 11, with 4 issues unchanged at the close.
Notable milestone
Shares of The Navigator Company SA (ELI:NVGR) reached a 52-week high in the session, gaining 1.11% or 0.04 to close at 3.47.
Commodities and currencies
Energy and metals markets moved lower during the session. Brent oil for August delivery fell 4.39% or 4.14 to trade at $90.11 a barrel. U.S. crude for July delivery dropped 5.27% or 4.81 to $86.49 a barrel. In metals, the August Gold Futures contract declined 1.59% or 69.53 to trade at $4,293.87 a troy ounce.
On the foreign exchange front, the euro showed little net change versus major crosses: EUR/USD was effectively unchanged at 1.16, moving 0.14%, while EUR/GBP was recorded unchanged at 0.86, moving 0.17%. The US Dollar Index Futures was down 0.16% at 99.87.
What this means for investors
The session's activity left the PSI at a one-month low, reflecting sector-specific weakness and pressure from declines in energy and commodity prices. Market breadth favored sellers by a narrow margin, while a handful of names posted gains, including a new 52-week high for The Navigator Company.