Market Overview#
On Friday, Portugal's stock market experienced a decline, with the PSI index falling by 0.92%. This drop was largely influenced by losses in several key sectors, including Industrials, Basic Materials, and Telecoms.
Key Performers#
Among the stocks on the PSI, EDP Energias de Portugal SA remained relatively stable, closing unchanged at 4.53. In contrast, Ren Redes Energeticas Nacionais SGPS SA saw a slight decrease of 0.27%, ending at 3.74, while Ibersol SGPS dropped 0.34% to close at 11.76.
Notable Declines#
The biggest losers of the day included Mota Engil SGPS SA, which fell 2.59% to 4.67. The Navigator Company SA also experienced a decline of 2.14%, closing at 3.30, and Semapa saw a decrease of 1.99%, ending at 22.20. Overall, declining stocks outnumbered rising ones by 18 to 9, with 3 stocks remaining unchanged.
Commodities and Currency Update#
In commodities, Brent oil for June delivery decreased by 0.16%, trading at $104.90 per barrel. Crude oil for the same month fell by 1.97%, hitting $93.96 per barrel. Meanwhile, gold futures for June rose by 0.30%, reaching $4,737.95 per troy ounce. In currency markets, the EUR/USD exchange rate remained stable at 1.17, while the EUR/GBP was slightly unchanged at 0.87. The US Dollar Index Futures also saw a minor decline of 0.20%, settling at 98.40.