Story
Portugal's PSI Index Gains 0.41%, Led by Utilities and Consumer Stocks
Summary
The benchmark PSI index in Lisbon finished Tuesday's session in positive territory, buoyed by strong performances in the utilities, consumer services, and industrial sectors. EDP Renovaveis and Jeronimo Martins were among the top gainers on the day.
Portugal's benchmark stock index, the PSI, closed higher on Tuesday, gaining 0.41% for the session. The advance was primarily driven by strength across the utilities, consumer services, and industrial sectors, according to market data from Investing.com.
Session Movers
Leading the gains among the index's constituents was renewable energy firm EDP Renovaveis, which saw its shares climb significantly. The session's top-performing stocks included:
- EDP Renovaveis (ELI:EDPR): +2.96% to close at 13.22
- Jeronimo Martins SGPS SA (ELI:JMT): +2.29% to end at 18.30
- Corticeira Amorim (ELI:CORA): +1.01% to close at 7.01
On the other end of the spectrum, banking and telecommunications shares weighed on the index. The session's biggest decliners were:
Ad- Banco Comercial Portugues (ELI:BCP): -1.60% to trade at 1.17
- Nos SGPS SA (ELI:NOS): -1.35% to end at 5.48
- CTT Correios de Portugal SA (ELI:CTT): -0.79% to close at 6.30
Market Breadth
The overall sentiment on the Lisbon Stock Exchange was positive, reflecting the index's gains. Advancing stocks outnumbered decliners by a margin of 15 to 9, while 4 stocks finished the trading day unchanged.
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