Portugal stocks lower at close of trade; PSI down 0.38%

Lisbon: Portugal stocks were lower after the close on Friday, as losses in the Telecoms, Utilities and Consumer Services sectors led shares lower.

At the close in Lisbon, the PSI declined 0.38%.

The best performers of the session on the PSI were Mota Engil SGPS SA (ELI:MOTA), which rose 6.47% or 0.23 points to trade at 3.72 at the close. Meanwhile, Semapa (ELI:SEM) added 4.33% or 0.71 points to end at 17.20 and Banco Comercial Portugues (ELI:BCP) was up 3.48% or 0.02 points to 0.58 in late trade.

The worst performers of the session were EDP Energias de Portugal SA (ELI:EDP), which fell 1.62% or 0.05 points to trade at 3.22 at the close. EDP Renovaveis (ELI:EDPR) declined 1.21% or 0.10 points to end at 8.15 and Ibersol SGPS (ELI:IBS) was down 0.86% or 0.08 points to 9.22.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 18 to 10 and 2 ended unchanged.

Shares in Semapa (ELI:SEM) rose to 5-year highs; gaining 4.33% or 0.71 to 17.20.

Brent oil for July delivery was down 1.45% or 0.90 to $61.23 a barrel. Elsewhere in commodities trading, Crude oil for delivery in June fell 1.76% or 1.04 to hit $58.20 a barrel, while the June Gold Futures contract rose 0.44% or 14.24 to trade at $3,236.44 a troy ounce.

EUR/USD was unchanged 0.35% to 1.13, while EUR/GBP unchanged 0.31% to 0.85.