The DGS epidemiological bulletin also reveals that 4,137 patients are hospitalised, 345 less than on Tuesday, of whom 719 are in intensive care, 33 less.
In the last two days, 695 patients left the hospital, 65 of whom were in intensive care units.
The number of admissions today is the lowest since 11 January, when 3,983 cases were recorded.
The data released today also indicates that 5,342 people have been reported as recovered, bringing the total number of recovered people since the start of the pandemic in Portugal in March 2020 to 683,061.
For 17 consecutive days, the number of returnees has exceeded the number of new infections.
Active cases in Portugal continue to register a decrease. Today Portugal has 92,175 active cases, 3,145 fewer.
Since March 2020, Portugal has recorded 15,649 Covid-19-associated deaths and 790,885 cases of SARS-CoV-2 coronavirus infection.
Health authorities have 114,681 contacts under surveillance, down 8,499 from the previous day, with the downward trend continuing since 30 January.
Of the 127 deaths recorded in the last 24 hours, 71 occurred in Lisbon and Tagus Valley, 22 in the North region, another 21 in the Centre region, seven in Alentejo and six in the Algarve region.
In the Lisbon and Tagus Valley region, 1,224 new infections have been reported, with 298,044 cases and 6,465 deaths so far.
According to the bulletin, the Lisbon and Tagus Valley region has 52.6 percent of the total number of cases registered in the last 24 hours and 55.9 percent of the total number of deaths.
The Northern region now has 482 new SARS-CoV-2 infections, and since the pandemic began, 322,993 cases of infection and 5,092 deaths have been recorded.
In the Centre region, another 367 cases have been recorded, accumulating 113,061 infections and 2,786 deaths.
In the Alentejo, 108 more cases have been reported, totalling 27,960 infections and 905 deaths since the start of the pandemic in Portugal.
The Algarve region has 101 new cases reported today, totalling 19,573 infections and 314 deaths.
Madeira registered 34 new cases. This autonomous region accounts for 5,574 infections and 59 deaths due to Covid-19.
The Autonomous Region of Azores registered eight new cases in the last 24 hours and notified in total 3,680 infections and 28 deaths.
The confirmed cases are spread across all age groups, with the highest number of infections registered between 20 and 59 years old.
The new coronavirus has already infected at least 357,462 men and 433,156 women in Portugal, according to data from the DGS.
Of the total number of deaths, 8,168 were men and 7,481 were women.
The highest number of deaths continues to be concentrated in the elderly over 80 years old, followed by the age group between 70 and 79 years old.
Of the total 15,649 deaths, 10,423 were people aged over 80 years, 3,269 were aged between 70 and 79 years and 1,355 were aged between 60 and 69 years.
The pandemic caused at least 2,419,730 deaths worldwide, resulting from more than 109.4 million cases of infection, according to a report by the French agency AFP.