Portugal stocks lower at close of trade; PSI down 1.53%

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

At the close in Lisbon, the PSI fell 1.53%.

The best performers of the session on the PSI were Banco Comercial Portugues (ELI:BCP ), which unchanged 0.04% or 0.00 points to trade at 0.48 at the close. Meanwhile, Ibersol SGPS (ELI:IBS ) unchanged 0.00% or 0.00 points to end at 7.64 and Jeronimo Martins SGPS SA (ELI:JMT ) was down 0.22% or 0.04 points to 18.33 in late trade.

The worst performers of the session were EDP Energias de Portugal SA (ELI:EDP ), which fell 4.77% or 0.15 points to trade at 2.97 at the close. EDP Renovaveis (ELI:EDPR ) declined 3.12% or 0.29 points to end at 9.01 and Mota Engil SGPS SA (ELI:MOTA ) was down 2.93% or 0.08 points to 2.71.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 19 to 6 and 6 ended unchanged.

Shares in EDP Energias de Portugal SA (ELI:EDP ) fell to 5-year lows; losing 4.77% or 0.15 to 2.97. Shares in Ibersol SGPS (ELI:IBS ) unchanged to 3-years highs; unchanged 0.00% or 0.00 to 7.64. Shares in EDP Renovaveis (ELI:EDPR ) fell to 3-years lows; down 3.12% or 0.29 to 9.01.

Brent oil for March delivery was up 3.42% or 2.63 to $79.55 a barrel. Elsewhere in commodities trading, Crude oil for delivery in February rose 3.44% or 2.54 to hit $76.46 a barrel, while the February Gold Futures contract rose 1.13% or 30.54 to trade at $2,721.34 a troy ounce.

EUR/USD was down 0.57% to 1.02, while EUR/GBP unchanged 0.16% to 0.84.

The US Dollar Index Futures was up 0.46% at 109.51.

Source: Investing.com