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Portugal's PSI Index Closes 0.44% Higher, Led by Financials and Utilities
Portugal's benchmark stock index, the PSI, gained 0.44% to close higher on Friday, according to data from the Lisbon Stock Exchange. The advance was primarily driven by positive performance in the Financials, Utilities, and Telecoms sectors.
Session Highlights
Among the index's top performers, Banco Comercial Portugues (ELI:BCP) stood out, rising 1.17% to close at €1.12, a new five-year high for the stock. Other notable gainers included renewable energy firm EDP Renovaveis (ELI:EDPR), which added 0.73% to end the day at €13.83, and cork producer Corticeira Amorim (ELI:CORA), which climbed 0.71% to €7.07.
On the downside, restaurant operator Ibersol SGPS (ELI:IBS) was among the worst performers, falling 0.58% to €10.36. Other decliners included Teixeira Duarte (ELI:TDSA), which shed 0.31% to close at €0.48, and retailer Jeronimo Martins SGPS SA (ELI:JMT), which dipped 0.17% to €17.97.
AdMarket Breadth and Context
Overall market sentiment was positive, with rising stocks outnumbering declining ones on the Lisbon exchange by a margin of 14 to 10, while five stocks ended the session unchanged.
The gains in Lisbon occurred amid a mixed session for global commodities and currencies. Brent crude oil futures for November delivery fell 0.63% to $87.96 per barrel. In foreign exchange markets, the EUR/USD pair was down 0.51% against a stronger U.S. dollar.
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