Portugal’s stock market experienced a downturn on Tuesday, with the PSI index closing 0.99% lower. The decline was driven by losses in key sectors, despite some stocks managing to post gains.
Market Overview
- PSI index fell by 0.99% at the close of trading.
- Major losers included Galp Energia, Banco Comercial Portugues, and Altri SGPS.
- Jeronimo Martins SGPS, Sonae SGPS, and Ibersol SGPS were among the top gainers.
- Commodities also saw a decline, with Brent oil and crude oil prices falling.
Performance
At the close of trading in Lisbon, the PSI index had fallen by 0.99%. The market saw a mixed performance with some stocks gaining while others declined.
Top Gainers
- Jeronimo Martins SGPS SA: Rose by 1.74% to trade at 16.95.
- Sonae SGPS SA: Increased by 0.74% to end at 0.96.
- Ibersol SGPS: Up by 0.56% to 7.24.
Top Losers
- Galp Energia Nom: Fell by 4.12% to trade at 18.04.
- Banco Comercial Portugues: Declined by 2.24% to end at 0.41.
- Altri SGPS SA: Down by 1.79% to 4.83.
Commodities Market
The commodities market also experienced a downturn:
- Brent Oil (November delivery): Fell by 4.42% to $74.09 per barrel.
- Crude Oil (October delivery): Decreased by 3.81% to $70.75 per barrel.
- Gold Futures (December contract): Dropped by 0.36% to $2,518.55 per troy ounce.
Currency Exchange Rates
- EUR/USD: Unchanged at 1.10.
- EUR/GBP: Unchanged at 0.84.
General Market Sentiment
The overall market sentiment was bearish, with falling stocks outnumbering advancing ones by 17 to 9, and 9 stocks ending unchanged on the Lisbon Stock Exchange. The US Dollar Index Futures saw a slight increase of 0.14%, closing at 101.76.
The decline in the PSI index and the commodities market reflects broader market uncertainties and investor caution.
