Overview of the Market#
On Monday, Portugal's stock market closed higher, with the PSI index rising by 0.25%. This positive movement was largely supported by strong performances in the Industrials, Financials, and Basic Materials sectors.
Top Performers#
The biggest gainers on the PSI included: - Mota Engil SGPS SA: Up 5.88%, closing at 4.29. - Sonae SGPS SA: Increased by 5.63%, ending at 1.84. - CTT Correios de Portugal SA: Rose 4.54%, finishing at 5.99.
These companies contributed significantly to the overall positive sentiment in the market.
Notable Declines#
On the other hand, some stocks faced losses: - Galp Energia Nom: Down 4.74%, trading at 20.31. - Ren Redes Energeticas Nacionais SGPS SA: Fell by 1.86%, closing at 3.70. - EDP Renovaveis: Decreased by 1.54%, ending at 12.75.
Despite these declines, advancing stocks outnumbered those that fell, with 16 stocks gaining, 8 losing, and 6 remaining unchanged on the Lisbon Stock Exchange.
Commodity and Currency Updates#
In the commodities market, Brent crude oil saw a significant drop of 8.63%, trading at $97.23 per barrel. Similarly, crude oil for May delivery fell by 8.86%, hitting $89.53 per barrel. Gold futures also declined by 3.77%, trading at $4,436.01 per troy ounce.
In currency markets, the EUR/USD exchange rate remained stable, with a slight change of 0.16% to 1.16, while EUR/GBP was unchanged at 0.87. The US Dollar Index Futures decreased by 0.45%, settling at 99.01.