Portugal stocks higher at close of trade; PSI up 0.57%

Portugal's stock market climbed after the trading day on Tuesday, buoyed by gains in key sectors. The PSI index experienced a 0.57% rise, marking a fresh three-month high. Industrials, Utilities, and Technology sectors were particularly strong, driving the upward momentum. Among the top gainers, Mota Engil SGPS SA surged by 3.46%, closing at 4.66 points.

EDP Renovaveis and Ibersol SGPS also performed well, with gains of 2.00% and 1.98% respectively. Conversely, Galp Energia Nom and The Navigator Company SA underperformed, declining by 0.70% and 0.67% respectively. The Navigator Company SA finished at 3.27 points while Altri SGPS SA closed at 4.75 points. The Lisbon Stock Exchange saw 14 stocks rise, outpacing the 7 that fell.

Unchanged stocks totaled nine. Brent oil prices for November delivery slipped by 3.46% to $87.41, while October crude oil dropped by 3.35% to $82.16. Gold Futures for December rose slightly by 0.13%. EUR/USD and EUR/GBP held steady at 1.17 and 0.86 respectively. The US Dollar Index Futures dropped by 0.05% to 98.88.