Spain's equities finished the session in positive territory on Friday, with sector strength in Telecoms & IT, Financial Services & Real Estate and Consumer Services lifting the IBEX 35. At the close in Madrid the index was up 0.32%.
Movers on the IBEX 35
The leading riser on the benchmark was ArcelorMittal SA (BME:MTS), which gained 6.49% - an increase of 3.54 points - to settle at 58.10. Acerinox (BME:ACX) also posted notable gains, adding 3.09% or 0.48 points to finish at 16.00. Cellnex Telecom SA (BME:CLNX) rose 1.82%, up 0.45 points to close the day at 25.16.
Lagging names
On the downside, Indra A (BME:IDR) dropped 4.44%, a fall of 2.20 points, ending the session at 47.40. Sacyr SA (BME:SCYR) declined 1.25% or 0.06 points to 4.74, while Grifols SA (BME:GRLS) slipped 0.98%, down 0.09 points to close at 8.90.
Market breadth and index level
Decliners outnumbered advancers on the Madrid Stock Exchange, with 100 stocks falling versus 93 that advanced, and 16 that finished unchanged. The IBEX 35 closed at 19,384.70, up 61.90 points for the day, an increase of 0.32%.
Commodities and currencies
In commodities trading, Gold Futures for August delivery fell 0.53% or 22.00 to $4,118.80 a troy ounce. Crude oil for August delivery dropped 1.05% or 0.76 to $71.32 a barrel, while the September Brent contract lost 0.69% or 0.53 to trade at $75.77 a barrel.
On the foreign exchange front, EUR/USD was essentially unchanged, moving 0.07% to 1.14, and EUR/GBP was unchanged, up 0.05% to 0.85. The US Dollar Index Futures (DX) was down 0.13% at 100.56.
What this means
The session showed modest upward momentum for the IBEX 35 concentrated in a handful of sectors and names, while commodity weakness and a softer dollar coincided with mixed internals across the exchange. Market participants saw a narrow advance in headline index performance despite slightly more decliners than advancers on the day.
Data snapshot
- IBEX 35: 19,384.70, +61.90 (+0.32%)
- Top gainer: ArcelorMittal SA (BME:MTS) +6.49% to 58.10
- Top decliner: Indra A (BME:IDR) -4.44% to 47.40
- Gold (Aug) -0.53% to $4,118.80/oz
- Crude Oil (Aug) -1.05% to $71.32/bbl; Brent (Sep) -0.69% to $75.77/bbl
- EUR/USD 1.14; EUR/GBP 0.85; US Dollar Index Futures 100.56 (-0.13%)