Portugal's PSI Index Gains 0.79%, Led by Telecoms and Financials

Portugal's benchmark stock index, the PSI, finished Monday's trading session in positive territory, closing up 0.79%. The advance was driven by broad-based gains across key sectors, including Telecoms, Consumer Services, and Financials, according to data from the Lisbon Stock Exchange.

Sector and Stock Movers

The market's positive sentiment was reflected in its breadth, with 18 stocks advancing while 9 declined and 2 remained unchanged. The telecommunications firm Nos SGPS SA (ELI:NOS) was the session's top performer, rising 3.16%.

Other notable gainers included:

• Mota Engil SGPS SA (ELI:MOTA), which added 1.99%.
• Sonae SGPS SA (ELI:YSO), which was up 1.70%.

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On the downside, Ibersol SGPS (ELI:IBS) was the worst performer, falling 1.57%. Energy firm Galp Energia Nom (ELI:GALP) also declined 0.46%, trading lower amid a global slide in oil prices.

Broader Market Context

The gains in Lisbon equities came as commodity markets faced significant pressure. Brent crude for November delivery fell over 4%, while WTI crude futures dropped approximately 4.5%. Gold futures also traded lower.

In currency markets, the EUR/USD and EUR/GBP pairs showed minimal change. Meanwhile, the US Dollar Index Futures, which measures the dollar against a basket of currencies, ticked up 0.19%.