Spain's benchmark equity index finished lower on Tuesday, with the IBEX 35 closing down 0.53% as several major sectors posted losses that outweighed gains elsewhere.
At the close in Madrid, stocks in Financial Services & Real Estate, Consumer Services and Building & Construction were the primary drags on the market. Overall market breadth showed more decliners than advancers, with 105 falling issues compared with 81 advancing, and 27 stocks finishing unchanged.
Top performers
Among IBEX 35 components, Puig Brands SA (BME:PUIGb) was the session's strongest performer, rising 5.82% or 1.03 points to end at 18.73, and in the process moved to a 52-week high. Repsol (BME:REP) added 2.53% or 0.51 points to close at 20.66, while Endesa SA (BME:ELE) gained 1.12% or 0.42 points to finish at 38.00.
Heaviest declines
On the downside, International Consolidated Airlines Group S.A. (BME:ICAG) fell 2.02% or 0.09 points to 4.51 at the close. Banco Bilbao Vizcaya Argentaria SA (BME:BBVA) slipped 1.96% or 0.38 points to close at 19.23, and Cellnex Telecom SA (BME:CLNX) dropped 1.92% or 0.55 points to 28.15.
Commodities and FX
Commodity markets moved alongside equities. Gold futures for June delivery were down 1.53% or 74.06 to $4,754.74 a troy ounce. In energy markets, crude oil for June delivery rose 2.68% or 2.34 to $89.76 a barrel, while the June Brent contract increased 2.53% or 2.42 to trade at $97.90 a barrel.
Currency markets showed minor moves. The euro-dollar pair (EUR/USD) was unchanged on a 0.29% move to 1.18, and EUR/GBP was unchanged on a 0.15% move to 0.87. The US Dollar Index Futures was up 0.22% at 98.12.
Market context and takeaway
Tuesday's session was characterized by sector-specific weakness that translated into a modest decline for the IBEX 35. While a handful of names posted notable gains, including Puig's move to a 52-week high, broader participation favored decliners at the close in Madrid.