Portugal stocks lower at close of trade; PSI down 3.27%

Investing.com – Portugal stocks were lower after the close on Wednesday, as losses in the Utilities, Financials and Telecoms sectors led shares lower.

At the close in Lisbon, the PSI fell 3.27% to hit a new 6-months low.

The best performers of the session on the PSI were Ibersol SGPS (ELI:IBS), which rose 1.08% or 0.08 points to trade at 7.46 at the close. Meanwhile, Greenvolt Energias Renovaveis SA (ELI:GVOLT) added 0.68% or 0.06 points to end at 8.10 and CTT Correios de Portugal SA (ELI:CTT) was up 0.12% or 0.01 points to 4.29 in late trade.

The worst performers of the session were EDP Renovaveis (ELI:EDPR), which fell 11.08% or 1.40 points to trade at 11.24 at the close. EDP Energias de Portugal SA (ELI:EDP) declined 7.10% or 0.25 points to end at 3.32 and Mota Engil SGPS SA (ELI:MOTA) was down 2.52% or 0.06 points to 2.48.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 19 to 8 and 5 ended unchanged.

Shares in EDP Renovaveis (ELI:EDPR) fell to 3-years lows; down 11.08% or 1.40 to 11.24. Shares in EDP Energias de Portugal SA (ELI:EDP) fell to 3-years lows; losing 7.10% or 0.25 to 3.32.

Brent oil for January delivery was down 0.25% or 0.19 to $75.34 a barrel. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.04% or 0.03 to hit $72.02 a barrel, while the December Gold Futures contract fell 2.65% or 72.95 to trade at $2,676.75 a troy ounce.

EUR/USD was down 1.77% to 1.07, while EUR/GBP fell 0.66% to 0.83.

The US Dollar Index Futures was up 1.62% at 105.00.