Stocks in Spain closed in negative territory on Wednesday, with sectoral weakness in Financial Services & Real Estate, Telecoms & IT and Building & Construction driving the benchmark lower.
At the market close in Madrid the IBEX 35 was down 0.53%.
The session's strongest performers within the IBEX 35 included Repsol (BME:REP), which advanced 4.58% - up 0.95 points to finish at 21.70. SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS) also gained ground, rising 2.84% or 0.57 points to close at 20.62. Aena SME SA (BME:AENA) registered a 0.90% increase, adding 0.23 points to end the day at 25.70.
On the downside, Laboratorios Farmaceuticos ROVI (BME:ROVI) led declines, sliding 4.58% - a loss of 3.80 points to close at 79.25. Telefonica (BME:TEF) fell 2.96%, down 0.11 points to 3.51, while Grifols SA (BME:GRLS) decreased 2.61% or 0.25 points to finish at 9.48.
Market breadth in Madrid favoured losers: 121 shares declined versus 66 that rose, while 22 stocks finished unchanged.
Notably, Repsol's share price moved up to levels described as a five-year high, closing the session with a 4.58% gain to 21.70.
Commodities saw mixed results. Gold futures for April delivery fell 1.04%, down 54.74 to $5,187.36 a troy ounce. Energy markets moved higher, with April crude oil up 3.75% or $3.13 to $86.58 a barrel, and the May Brent contract rising 4.27% or $3.75 to trade at $91.55 a barrel.
In currency markets EUR/USD was effectively unchanged, moving 0.30% to 1.16, while EUR/GBP was listed as unchanged at 0.86, a 0.27% move. The US Dollar Index Futures showed a gain of 0.39%, trading at 99.20.
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The trading day closed with a modest negative bias for the IBEX 35, with energy names among the most notable movers on the upside and several large-cap pharmaceuticals and telecoms on the back foot.