PSI 20 closes 0.82% higher at 9,554.88 points

Portugal's PSI 20 closed Monday, November 9, at 9,554.88 points, up 0.82% from Friday's close of 9,476.73. The move marked a new one-month high, according to Investing.com.

BCP leads Lisbon advance

Banco Comercial Portugues was the strongest large contributor among the reported constituents, rising 3.60% to 1.12 euros. Mota-Engil gained 2.26% to 4.61 euros, while CTT advanced 1.99% to the same level. In total, 20 stocks rose, seven fell and three were unchanged on the Lisbon exchange, Investing.com reported.

The main detractors included EDP Renovaveis, which fell 2.28% to 14.16 euros. Galp Energia declined 0.52% to 18.98 euros and Corticeira Amorim slipped 0.30% to 6.68 euros. The mixed performance within the index limited the PSI 20's gain compared with stronger advances in several other European benchmarks.

Lower oil prices support sentiment

Jornal Economico described the Lisbon advance as part of a broadly positive European session, with banking stocks and lower energy prices providing support. The report attributed the wider market optimism to easing oil-supply concerns linked to diplomatic signals surrounding the conflict involving Iran. It also noted that BCP led the PSI 20, while declines in EDP Renovaveis and Galp restrained the Portuguese index.

For investors, the session combined a broad European risk-on backdrop with a more selective performance among Portuguese heavyweights. The PSI 20's close was higher than Friday's level, but the contrasting moves in banks, utilities, energy and materials show that the index's advance was not uniform.

Further PSI 20 coverage is available on the PSI 20 topic page.