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Portugal stocks lower at close of trade; PSI 20 down 2.24%

Published 07/05/2016, 12:45 PM
© Reuters.  Portugal stocks lower at close of trade; PSI 20 down 2.24%

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

At the close in Lisbon, the PSI 20 fell 2.24%.

The best performers of the session on the PSI 20 were Pharol SGPS SA (LS:PHRA), which rose 6.03% or 0.0070 points to trade at 0.1230 at the close. Meanwhile, Banco BPI (LS:BBPI) added 0.55% or 0.0060 points to end at 1.1050 and J. Martins SGPS (LS:JMT) was up 0.28% or 0.0400 points to 14.2700 in late trade.

The worst performers of the session were Altri SGPS (LS:ALSS), which fell 4.36% or 0.1330 points to trade at 2.9160 at the close. Sonae (LS:YSO) declined 4.31% or 0.0300 points to end at 0.6660 and The Navigator Company SA (LS:NVGR) was down 4.17% or 0.1080 points to 2.4800.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 33 to 9 and 6 ended unchanged.

Shares in Sonae (LS:YSO) fell to 3-years lows; falling 4.31% or 0.0300 to 0.6660. Shares in The Navigator Company SA (LS:NVGR) fell to 3-years lows; falling 4.17% or 0.1080 to 2.4800.

Brent oil for September delivery was down 4.83% or 2.42 to $47.68 a barrel. Elsewhere in commodities trading, Crude oil for delivery in August fell 5.04% or 2.47 to hit $46.52 a barrel, while the August Gold contract rose 1.24% or 16.55 to trade at $1355.55 a troy ounce.

EUR/USD was down 0.63% to 1.1084, while EUR/GBP rose 1.29% to 0.8499.

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The US Dollar Index was up 0.55% at 96.14.

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