Portugal's PSI Index Hits Three-Month High, Closing Up 0.66%

Portugal's benchmark stock index, the PSI, closed higher on Tuesday, gaining 0.66% to reach a three-month high. The advance was primarily led by positive performance in the consumer goods, industrial, and consumer services sectors.

Market Performance

The Lisbon-based index saw broad-based gains during the session. Market breadth was positive, with 17 stocks advancing on the exchange compared to 7 that declined, while 6 remained unchanged, according to data from Investing.com.

Leading the gains was construction and engineering firm Mota Engil SGPS SA (ELI:MOTA), which surged 5.42% to close at €5.08. Other notable performers included:

• Teixeira Duarte (ELI:TDSA), which rose 2.19% to end the day at €0.49.
• Energy company Galp Energia (ELI:GALP), which added 1.79% to finish at €21.09.

Notable Decliners

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On the downside, renewable energy company EDP Renovaveis (ELI:EDPR) was the session's weakest performer, falling 1.71% to a closing price of €13.19. Sonae SGPS SA (ELI:YSO) also slipped, declining 0.49%.

Broader Markets

In commodities, oil prices trended higher. November Brent crude futures rose 0.32% to $97.31 a barrel, while October WTI crude futures gained 0.72% to $92.14. Meanwhile, December gold futures contracts saw a decline of 0.89%.

In currency markets, the EUR/USD and EUR/GBP pairs were largely flat. The U.S. Dollar Index, which measures the greenback against a basket of major currencies, edged lower by 0.29% to 98.86.