Market Overview#
Portugal's stock market experienced a positive close on Tuesday, with the PSI index increasing by 0.50%. This rise was primarily fueled by strong performances in the Utilities, Telecoms, and Technology sectors.
Top Performers#
Among the standout stocks, Galp Energia saw a notable increase of 2.32%, closing at 21.18. EDP Renovaveis followed closely with a 2.02% gain, ending at 13.64. Additionally, EDP Energias de Portugal rose by 1.58%, finishing at 4.45.
Decliners#
On the flip side, Jeronimo Martins faced a decline of 2.58%, closing at 21.88. Altri SGPS also dropped by 2.04% to end at 4.57, while CTT Correios de Portugal fell by 1.33%, closing at 6.70. Overall, there were more declining stocks than rising ones, with 15 stocks falling compared to 12 that gained, and 3 remaining unchanged on the Lisbon Stock Exchange.
Commodities and Currency Update#
In commodities, Brent crude oil for May delivery rose by 2.42% to $102.64 per barrel, while crude oil for the same month increased by 2.63% to $94.89. Gold futures for April also saw a slight rise of 0.17%, trading at $5,010.71 per troy ounce.
In currency markets, the EUR/USD exchange rate remained stable at 1.15, while EUR/GBP was unchanged at 0.86. The US Dollar Index Futures dipped slightly by 0.12%, settling at 99.35.