Spain's stock market finished the trading day in negative territory on Friday, with selling pressure coming particularly from the Building & Construction, Chemical, Petroleum & Plastic and Telecoms & IT sectors, pulling the benchmark down.
At the close in Madrid the IBEX 35 fell 1.14% to reach a new three-month low.
Top and bottom movers
The strongest performers on the IBEX 35 were SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS), which rose 1.14% or 0.25 points to trade at 22.18 at the close; International Consolidated Airlines Group S.A. (BME:ICAG), which added 0.68% or 0.03 points to end at 4.00; and Redeia Corporacion SA (BME:REDE), up 0.27% or 0.04 points to 14.92 in late trade.
Among the session's weakest names were Cellnex Telecom SA (BME:CLNX), which fell 5.31% or 1.44 points to finish at 25.69; Merlin Properties SA (BME:MRL), down 2.58% or 0.36 points to close at 13.57; and Ferrovial (BME:FER), which declined 2.53% or 1.38 points to 53.20.
Falling issues outnumbered advancing ones on the Madrid Stock Exchange by 126 to 49, while 27 stocks finished unchanged.
Notable milestone
Shares of SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS) climbed to a three-year high, gaining 1.14% or 0.25 to close at 22.18.
Commodities and currencies
In commodities markets, Gold Futures for April delivery was down 0.28% or 12.74 to $4,592.96 a troy ounce. Crude oil for delivery in May rose 2.50% or 2.39 to hit $97.94 a barrel, while the May Brent oil contract rose 1.68% or 1.83 to trade at $110.48 a barrel.
On the foreign-exchange front, EUR/USD was unchanged 0.22% to 1.16, while EUR/GBP was unchanged 0.52% to 0.87. The US Dollar Index Futures was up 0.27% at 99.33.
Market commentary and investor decisions
Movements in the IBEX 35 reflected sector-level weakness that weighed on broader market sentiment in Madrid. The session's outcomes were driven by outsized declines in telecom and real estate-related names, while selected energy and utilities names recorded modest gains.
Promotional note included in the session summary
Marketing material accompanying market commentary highlighted AI-driven stock selection products, noting that year-to-date two out of three global portfolios were beating their benchmark indexes, with 88% in the green, and referenced a flagship strategy that reportedly doubled the S&P 500 within 18 months while citing specific winners. The material posed a question about which stock would be next to rally.
Session wrap
The close left Spain's main index lower by 1.14% at a three-month trough, with sector-specific declines in Building & Construction, Chemical, Petroleum & Plastic and Telecoms & IT the primary contributors to the pullback. Volume and breadth indicators showed notably more decliners than advancers.