February 21, 2025

Portugal stocks higher at close of trade; PSI up 0.38%

Investing.com – Portugal stocks were higher after the close on Friday, as gains in the Technology , Telecoms and Financials sectors led shares higher.

At the close in Lisbon, the PSI rose 0.38% to hit a new 3-months high.

The best performers of the session on the PSI were CTT Correios de Portugal SA (ELI: CTT ), which rose 2.80% or 0.19 points to trade at 6.97 at the close. Meanwhile, Banco Comercial Portugues (ELI: BCP ) added 1.63% or 0.01 points to end at 0.55 and Sonae SGPS SA (ELI: YSO ) was up 1.49% or 0.01 points to 0.95 in late trade.

The worst performers of the session were Corticeira Amorim (ELI: CORA ), which fell 3.55% or 0.30 points to trade at 8.15 at the close. Galp Energia Nom (ELI: GALP ) declined 1.28% or 0.20 points to end at 15.05 and The Navigator Company SA (ELI: NVGR ) was down 0.85% or 0.03 points to 3.28.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 15 to 11 and 4 ended unchanged.

Shares in CTT Correios de Portugal SA (ELI: CTT ) rose to 5-year highs; rising 2.80% or 0.19 to 6.97. Shares in Banco Comercial Portugues (ELI: BCP ) rose to 5-year highs; up 1.63% or 0.01 to 0.55. Shares in The Navigator Company SA (ELI: NVGR ) fell to 52-week lows; falling 0.85% or 0.03 to 3.28.

Brent oil for April delivery was down 1.99% or 1.52 to $74.96 a barrel. Elsewhere in commodities trading, Crude oil for delivery in April fell 2.12% or 1.54 to hit $70.94 a barrel, while the April Gold Futures contract fell 0.15% or 4.40 to trade at $2,951.70 a troy ounce.

EUR/USD was unchanged 0.44% to 1.05, while EUR/GBP unchanged 0.22% to 0.83.

The US Dollar Index Futures was up 0.29% at 106.58.

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