Spain's equity market finished lower on Tuesday, with the IBEX 35 ending the session down 0.20%. Losses were led by stocks in the Building & Construction, Financial Services & Real Estate and Telecoms & IT sectors, which weighed on the broader index.
Among IBEX 35 constituents, Industria de Diseno Textil SA (BME:ITX) was the session's top performer, closing up 1.94% at 55.62 after gaining 1.06 points. Puig Brands SA (BME:PUIGb) rose 1.84% to 16.58, adding 0.30 points, while Endesa SA (BME:ELE) finished higher by 1.24% at 36.86, an increase of 0.45 points.
At the other end of the board, ACS Actividades de Construccion y Servicios SA (BME:ACS) recorded the largest decline, slipping 5.64% to close at 117.10, a drop of 7.00 points. Indra A (BME:IDR) fell 4.36% to 54.42 after losing 2.48 points, and ArcelorMittal SA (BME:MTS) was down 3.81% at 56.54, a 2.24 point decrease.
On the Madrid Stock Exchange, decliners outnumbered advancers by 103 to 82, with 28 shares finishing unchanged, reflecting a session where downside moves were more numerous than gains.
Commodities trading showed notable weakness. Gold Futures for August delivery dropped 1.65% - a decline of 71.93 - to settle at $4,291.47 a troy ounce. Oil markets also moved lower: Crude oil for July delivery fell 5.32%, down $4.86 to $86.44 a barrel, while the August Brent contract lost 4.44%, or $4.18, to trade at $90.07 a barrel.
On the FX and index fronts, EUR/USD was essentially flat, recorded as unchanged at 1.16 with a 0.14% notation, and EUR/GBP was also shown as unchanged at 0.86 with a 0.17% notation. The US Dollar Index Futures retreated 0.15% to 99.87.
The closing levels and percentage changes underscored a mixed session in Spain where individual winners were offset by heavier losses in several large caps, particularly within construction and industrial-related names.
Market snapshot
- IBEX 35 -0.20% to 18,186.70
- Top gainers: ITX +1.94%, PUIGb +1.84%, ELE +1.24%
- Top losers: ACS -5.64%, IDR -4.36%, MTS -3.81%
- Gold (Aug) -1.65% to $4,291.47/oz; Crude (Jul) -5.32% to $86.44/bbl; Brent (Aug) -4.44% to $90.07/bbl
- US Dollar Index Futures -0.15% to 99.87