Spain's stock market closed in negative territory on Tuesday, with the IBEX 35 finishing the session down 0.52% in Madrid. The decline followed broad weakness in the Telecoms & IT, Financial Services & Real Estate and Consumer Services sectors.
By the close, the IBEX 35 was lower, with the index reflecting a net pullback across the market. The official intraday display showed a move of -0.52% and the index level was recorded at 18,290.90, a decline of 96.50 points from the prior close.
Leading gains on the IBEX 35 were concentrated in energy and industrial names. Repsol (BME:REP) paced the winners, rising 3.13% or 0.68 points to finish at 22.43. Steelmaker Acerinox (BME:ACX) added 1.99% or 0.31 points to close at 15.85, a move that took the stock to 5-year highs. Renewable and infrastructure group Acciona (BME:ANA) also advanced, up 1.01% or 2.60 points to end the session at 259.40.
On the downside, several large-cap financial and telecom names pulled back. Telefonica (BME:TEF) fell 1.60% or 0.07 points to close at 3.99. Banco Santander (BME:SAN) declined 1.60% or 0.17 points to 10.68, and Bankinter (BME:BKT) was down 1.42% or 0.21 points to 14.20.
Market breadth in Madrid was negative for the day: declining issues outnumbered advancing ones by 114 to 73, while 22 stocks finished unchanged.
Commodities showed divergent moves. Gold futures for August delivery fell 0.44% or 19.83 to $4,536.57 a troy ounce. In the oil complex, crude oil for July delivery dropped 2.71% or 2.62 to $93.98 a barrel, while the August Brent oil contract gained 4.04% or 3.77 to trade at $97.19 a barrel.
Foreign exchange rates moved modestly. EUR/USD was unchanged 0.18% at 1.16, while EUR/GBP was unchanged 0.31% at 0.86. The US Dollar Index Futures was lower by 0.04%, quoted at 99.15.
Key session indicators summarized several ticker moves and market-level changes: ES35 -0.52%, ACX +1.99%, BKT -1.42%, ANA +1.01%, REP +3.13%, TEF -1.60%, SAN -1.60%, DX -0.06%, GC -0.45%, LCO +4.08%, CL -2.56%.