Market Overview

Investing.com – Portugal stocks were lower after the close on Wednesday, as losses in the Utilities, Financials, and Telecoms sectors led shares down.

At the close in Lisbon, the PSI fell 3.27%, hitting a new 6-month low.

Best Performers

The best performers of the session on the PSI included:
– Ibersol SGPS (ELI:IBS): rose 1.08% or 0.08 points to trade at 7.46 at the close.
– Greenvolt Energias Renovaveis SA (ELI:GVOLT): added 0.68% or 0.06 points to end at 8.10.
– CTT Correios de Portugal SA (ELI:CTT): up 0.12% or 0.01 points to 4.29 in late trade.

Worst Performers

The worst performers of the session were:
– EDP Renovaveis (ELI:EDPR): fell 11.08% or 1.40 points to trade at 11.24. Shares hit a 3-year low.
– EDP Energias de Portugal SA (ELI:EDP): declined 7.10% or 0.25 points to end at 3.32, also hitting a 3-year low.
– Mota Engil SGPS SA (ELI:MOTA): down 2.52% or 0.06 points to 2.48.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 19 to 8, with 5 ending unchanged.

Commodities

• Brent oil for January delivery was down 0.25% or 0.19 to $75.34 a barrel.
• Crude oil for December rose 0.04% or 0.03 to $72.02 a barrel.
• December Gold Futures contract fell 2.65% or 72.95 to trade at $2,676.75 a troy ounce.

Currency Movements

• EUR/USD was down 1.77% to 1.07.
• EUR/GBP fell 0.66% to 0.83.
• The US Dollar Index Futures was up 1.62% at 105.00.