Stock Markets March 4, 2026

IBEX 35 Climbs 2.51% as Financials, Telecoms and Consumer Services Lead Gains

Madrid market rallies with Amadeus, Acerinox and Indra among top performers; Repsol lags

By Derek Hwang
IBEX 35 Climbs 2.51% as Financials, Telecoms and Consumer Services Lead Gains

Spanish equities closed higher on Wednesday, with the IBEX 35 finishing up 2.51% as Financial Services & Real Estate, Telecoms & IT and Consumer Services stocks powered the rally. Amadeus IT, Acerinox and Indra A were the session's best performers while Repsol, Enagas and Laboratorios Farmaceuticos ROVI were among the laggards. Market breadth favored advancers, and commodity and currency futures showed mixed movement.

Key Points

  • The IBEX 35 closed up 2.51%, led by gains in Financial Services & Real Estate, Telecoms & IT and Consumer Services.
  • Top individual performers were Amadeus IT (BME:AMA), Acerinox (BME:ACX) and Indra A (BME:IDR), with Indra A reaching an all time high.
  • Market breadth was positive with 151 advancing issues versus 43 decliners; commodities and currency futures moved mixedly.

Spain stocks were higher after the close on Wednesday, driven by gains in the Financial Services & Real Estate, Telecoms & IT and Consumer Services sectors.

At the close in Madrid, the IBEX 35 rose 2.51%.

The session's strongest performers on the IBEX 35 included:

  • Amadeus IT (BME:AMA) - rose 5.56% or 2.78 points to trade at 52.76 at the close.
  • Acerinox (BME:ACX) - added 5.35% or 0.65 points to end at 12.81.
  • Indra A (BME:IDR) - climbed 5.22% or 3.20 points to 64.50 in late trade.

On the downside, the biggest decliners were:

  • Repsol (BME:REP) - fell 2.42% or 0.50 points to trade at 20.20 at the close.
  • Enagas (BME:ENAG) - declined 0.99% or 0.15 points to end at 14.53.
  • Laboratorios Farmaceuticos ROVI (BME:ROVI) - was down 0.61% or 0.50 points to 81.00.

Market breadth on the Madrid Stock Exchange favored advancing issues: rising stocks outnumbered declining ones by 151 to 43, while 19 shares finished unchanged.

Notably, shares in Indra A (BME:IDR) reached an all time high, rising 5.22% or 3.20 to 64.50.


Commodities and futures showed mixed moves. Gold Futures for April delivery was up 0.62% or 31.64 to $5,155.34 a troy ounce. Crude oil for delivery in April fell 0.17% or 0.13 to hit $74.43 a barrel, while the May Brent oil contract slipped 0.20% or 0.16 to trade at $81.24 a barrel.

In currencies, EUR/USD was unchanged 0.22% to 1.16, while EUR/GBP was unchanged 0.18% to 0.87. The US Dollar Index Futures was down 0.24% at 98.77.


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Risks

  • Selected large-cap energy and utility names underperformed, exemplified by Repsol (BME:REP) and Enagas (BME:ENAG), suggesting sector-specific downside risk for energy and utilities.
  • A concentrated advance in select sectors means breadth, while positive today, could reverse if sector momentum fades, affecting Financial Services, Telecoms & IT and Consumer Services.
  • Volatility in commodity futures, including oil and gold, could introduce uncertainty for commodity-linked stocks and sectors in subsequent sessions.

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