Portugal's PSI Index Gains 0.30%, Led by Telecom and Utility Stocks

Portugal's benchmark stock index, the PSI, advanced on Monday, closing the session with a gain of 0.30% as strength in key sectors offset losses elsewhere in the market.

Sector Drivers and Market Breadth

The modest rise was primarily driven by positive performance in the Telecommunications, Utilities, and Consumer Services sectors, according to market data. The session's market breadth was positive on the Lisbon Stock Exchange, with 16 stocks rising compared to 11 that declined, while 4 constituents ended the day unchanged.

Stocks in Focus

Leading the gains among the index's components was energy firm Galp Energia (ELI:GALP), which climbed 1.48% to close at a price of 19.86. Other notable performers included:

Ad

• Nos SGPS SA (ELI:NOS), which added 1.18% to end at 4.97.
• EDP Energias de Portugal SA (ELI:EDP), which was up 0.98% to finish at 4.51.

On the downside, The Navigator Company SA (ELI:NVGR) was the session's worst performer, falling 3.73%. Notably, both Ibersol SGPS (ELI:IBS) and CTT Correios de Portugal SA (ELI:CTT) declined to new 52-week lows, dropping 2.99% and 1.29%, respectively.

Broader Market Context

The move in Lisbon occurred amid significant shifts in commodity markets. Brent crude, the international oil benchmark, surged 4.92% to $79.75 a barrel, which may have provided a tailwind for energy-related stocks like Galp. In contrast, gold futures fell 2.24%. In currency markets, the EUR/USD pair was little changed, while the U.S. Dollar Index Futures edged 0.17% higher.