Stock Markets April 9, 2026 12:05 PM

Madrid stocks slip as IBEX 35 closes down 0.15%

Financial Services & Real Estate, Telecoms & IT and Consumer Services drag the index lower in Thursday trading

By Marcus Reed
Madrid stocks slip as IBEX 35 closes down 0.15%

Spain's benchmark IBEX 35 finished modestly lower on Thursday, retreating 0.15% as losses concentrated in Financial Services & Real Estate, Telecoms & IT and Consumer Services. Advancers were outnumbered by decliners on the Madrid exchange, while selected commodities and currency benchmarks showed mixed moves.

Key Points

  • IBEX 35 closed down 0.15% as losses in Financial Services & Real Estate, Telecoms & IT and Consumer Services weighed on the market.
  • Top performers included Naturgy Energy Group SA (+1.62%), Repsol (+1.55%) and Cellnex Telecom SA (+1.51%); biggest decliners were Grifols SA (-5.93%), Amadeus IT (-2.06%) and BBVA (-1.64%).
  • Commodities showed notable moves: June gold futures rose, May crude oil climbed to $97.82 a barrel and June Brent traded at $95.51; major currency pairs were largely unchanged while the US Dollar Index Futures fell to 98.51.

Spain's equity benchmark ended the trading day in Madrid with a small decline, as sector-level weakness weighed on the IBEX 35. At the close, the index was down 0.15%.

The market downturn was led by retreats in Financial Services & Real Estate, Telecoms & IT and Consumer Services, which collectively contributed to the negative finish.

Top and bottom performers

  • Best performers: Naturgy Energy Group SA (BME:NTGY) led gains, rising 1.62% or 0.42 points to close at 26.30. Repsol (BME:REP) added 1.55% or 0.35 points to finish at 22.92, while Cellnex Telecom SA (BME:CLNX) climbed 1.51% or 0.45 points to 30.35.
  • Worst performers: Grifols SA (BME:GRLS) posted the largest drop, falling 5.93% or 0.56 points to close at 8.88. Amadeus IT (BME:AMA) declined 2.06% or 1.04 points to end at 49.46, and Banco Bilbao Vizcaya Argentaria SA (BME:BBVA) slipped 1.64% or 0.32 points to 19.22.

On overall market breadth, falling issues outnumbered advancing ones on the Madrid Stock Exchange by 113 to 71, while 19 stocks finished unchanged.

Commodities and currencies

In commodities trading, Gold Futures for June delivery was up 0.82% or 39.17 to $4,816.37 a troy ounce. Crude oil for delivery in May rose 3.61% or 3.41 to hit $97.82 a barrel, while the June Brent oil contract gained 0.80% or 0.76 to trade at $95.51 a barrel.

On foreign exchange, EUR/USD was unchanged 0.39% to 1.17 and EUR/GBP unchanged 0.03% to 0.87. The US Dollar Index Futures was down 0.42% at 98.51.

Market context

The session reflected selective stock moves across sectors rather than a broad market surge or collapse. Energy-related names such as Naturgy and Repsol outperformed, while names in healthcare and travel-related tech, including Grifols and Amadeus, were among the laggards.


Summary of the session

  • IBEX 35 closed down 0.15% in Madrid trading on Thursday.
  • Top gainers included Naturgy Energy Group SA, Repsol and Cellnex Telecom SA.
  • Largest declines were recorded by Grifols SA, Amadeus IT and Banco Bilbao Vizcaya Argentaria SA.
  • Market breadth showed 113 decliners, 71 advancers and 19 unchanged issues.
  • Gold, crude oil and Brent all moved higher, while key FX pairs were largely unchanged and the US Dollar Index Futures fell.

Risks

  • Sector concentration of losses - the Financial Services & Real Estate, Telecoms & IT and Consumer Services sectors were the main drags on the IBEX 35, indicating potential vulnerability in those sectors.
  • Individual stock volatility - several names registered large single-session moves, for example Grifols SA fell 5.93%, which highlights company-specific risk for investors in healthcare and related sectors.
  • Commodity price swings - marked increases in crude oil and movements in gold could influence energy-related stocks and broader market sentiment.

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