Portugal stocks lower at close of trade; PSI down 0.08%

Portugal's stock market closed lower on Wednesday, with the PSI falling by 0.08%. The decline was driven by losses in the Consumer Services, Telecoms and Industrials sectors. Among the best performers of the session were The Navigator Company SA, which rose 1.86% to 3.06, Galp Energia Nom, up 1.23% to 20.65, and Semapa, which increased by 0.82% to 19.72.

The sector's weakest performers were Jeronimo Martins SGPS SA, down 1.60% to 17.83, Teixeira Duarte, which fell 1.53% to 0.42, and Sonae SGPS SA, down 1.41% to 2.10. In total, 14 stocks rose and 11 fell, with 7 remaining unchanged. Brent oil for January delivery saw a 2.41% increase, reaching $112.05 a barrel, while Crude oil for December trading climbed 3.12% to $103.02.

The December Gold Futures contract saw a 0.50% drop, closing at $4,054.32 per troy ounce. Currency markets saw the EUR/USD and EUR/GBP remain unchanged at 1.11 and 0.84, respectively, and the US Dollar Index Futures dropped 0.06% to 102.10.