Lisbon, Portugal – The Portuguese stock market, represented by the PSI index, experienced a downturn on Monday, closing 0.35% lower. The decline was primarily driven by losses in key sectors, including Utilities, Telecoms, and Industrials, which weighed heavily on overall market performance.

Among the day's top performers was Semapa (ELI:SEM), which saw its shares rise by 1.96%, or 0.30 points, to close at 15.60. Banco Comercial Portugues (ELI:BCP) also recorded gains, adding 1.21%, or 0.01 points, to finish at 0.55. Ibersol SGPS (ELI:IBS) rounded out the top performers, increasing by 1.15%, or 0.10 points, to close at 8.80.

However, the market's overall sentiment was dampened by losses in several significant stocks. EDP Renovaveis (ELI:EDPR) was among the hardest hit, falling by 2.50%, or 0.21 points, to close at 7.98. Altri SGPS SA (ELI:ALSS) also saw a notable decline, dropping 1.77%, or 0.11 points, to end the day at 6.12. Nos SGPS SA (ELI:NOS) closed lower as well, decreasing by 1.04%, or 0.05 points, to 4.26.

Despite the overall market decline, the Lisbon Stock Exchange saw more stocks rising than falling, with 14 stocks advancing, 13 declining, and 1 remaining unchanged.

In other market activity, Brent crude oil for June delivery increased by 0.85%, or $0.61, to $72.22 per barrel. West Texas Intermediate (WTI) crude oil for May delivery also rose, climbing 1.01%, or $0.69, to $68.97 per barrel. Meanwhile, June gold futures experienced a slight decrease, falling 0.16%, or $4.76, to $3,043.64 per troy ounce.

The EUR/USD exchange rate remained relatively stable, with a minor increase of 0.17% to 1.08. The EUR/GBP rate also saw a marginal increase of 0.07% to 0.84. The US Dollar Index Futures rose 0.27% to 104.03.