Market Overview#
Portugal's stock market saw positive movement at the close on Tuesday, with the PSI index increasing by 1.67%. This rise was primarily supported by strong performances in the Financials, Utilities, and Basic Materials sectors.
Top Performers#
Among the biggest gainers on the PSI were: - Banco Comercial Portugues (BCP), which rose by 3.51%, ending at 0.84. - EDP Renovaveis (EDPR), up 3.20% to close at 12.91. - Teixeira Duarte (TDSA), which increased by 3.03%, finishing at 0.48.
Notable Declines#
On the other hand, some stocks experienced losses: - Galp Energia (GALP) fell by 1.89%, trading at 19.69. - Mota Engil (MOTA) decreased by 0.26%, ending at 4.57. - Jeronimo Martins (JMT) saw a slight gain of 0.47%, closing at 21.48.
Overall, advancing stocks outnumbered declining ones by 23 to 6, with 2 remaining unchanged on the Lisbon Stock Exchange.
Commodity and Currency Updates#
In commodities, Brent oil for May delivery dropped significantly by 14.49%, settling at $84.62 a barrel. Crude oil for April delivery also saw a decline of 14.98%, priced at $80.57 a barrel. Meanwhile, gold futures for April rose by 2.69%, trading at $5,241.21 per troy ounce.
In currency markets, the EUR/USD pair remained stable, changing by only 0.20% to 1.17, while the EUR/GBP was slightly up by 0.05% to 0.87. The US Dollar Index Futures decreased by 0.64%, standing at 98.54.