Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Portugal stocks lower at close of trade; PSI down 0.05%

Published 12/19/2024, 12:05 PM
Updated 12/19/2024, 12:09 PM
© Reuters Portugal stocks lower at close of trade; PSI down 0.05%
DX
-
GC
-
LCO
-
CL
-
PSI20
-

Investing.com – Portugal stocks were lower after the close on Thursday, as losses in the Utilities, Telecoms and Basic Materials sectors led shares lower.

At the close in Lisbon, the PSI lost 0.05% to hit a new 6-months low.

The best performers of the session on the PSI were CTT Correios de Portugal SA (ELI:CTT), which rose 10.59% or 0.50 points to trade at 5.17 at the close. Meanwhile, Altri SGPS SA (ELI:ALSS) added 0.78% or 0.04 points to end at 5.16 and Jeronimo Martins SGPS SA (ELI:JMT) was up 0.27% or 0.05 points to 18.24 in late trade.

The worst performers of the session were EDP Renovaveis (ELI:EDPR), which fell 1.78% or 0.18 points to trade at 9.65 at the close. EDP Energias de Portugal SA (ELI:EDP) declined 1.30% or 0.04 points to end at 3.12 and Mota Engil SGPS SA (ELI:MOTA) was down 1.29% or 0.04 points to 2.75.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 17 to 13 and 1 ended unchanged.

Shares in CTT Correios de Portugal SA (ELI:CTT) rose to 3-years highs; rising 10.59% or 0.50 to 5.17. Shares in EDP Renovaveis (ELI:EDPR) fell to 3-years lows; losing 1.78% or 0.18 to 9.65. Shares in EDP Energias de Portugal SA (ELI:EDP) fell to 3-years lows; losing 1.30% or 0.04 to 3.12.

Brent oil for February delivery was down 0.80% or 0.59 to $72.80 a barrel. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.67% or 1.18 to hit $69.40 a barrel, while the February Gold Futures contract fell 1.69% or 44.91 to trade at $2,608.39 a troy ounce.

EUR/USD was unchanged 0.15% to 1.04, while EUR/GBP unchanged 0.50% to 0.83.

The US Dollar Index Futures was up 0.32% at 108.09.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.