Spanish equities closed in negative territory on Friday as sectoral weakness pushed the benchmark lower. At the close in Madrid, the IBEX 35 fell 0.47%.
Pressure on the market came primarily from the Consumer Goods, Building & Construction and Financial Services & Real Estate sectors, which contributed to the downbeat session.
Top and bottom performers
- Repsol (BME:REP) led the winners, advancing 2.96% or 0.66 points to finish at 22.93. The stock rose to 5-year highs during the session.
- Cellnex Telecom SA (BME:CLNX) added 2.05% or 0.59 points to close at 29.36.
- Redeia Corporacion SA (BME:REDE) gained 1.69% or 0.25 points to end the day at 15.07.
- ArcelorMittal SA (BME:MTS) was the weakest stock on the IBEX 35, down 4.28% or 2.00 points to close at 44.74.
- Sacyr SA (BME:SCYR) declined 2.20% or 0.09 points to finish at 4.09.
- International Consolidated Airlines Group S.A. (BME:ICAG) slipped 2.12% or 0.09 points to close at 4.10.
On the Madrid Stock Exchange overall, declining issues outnumbered advancing ones by 124 to 65, while 14 stocks finished unchanged, indicating a session dominated by selling.
Commodities and currencies
In commodities trading, Gold Futures for April delivery fell 1.43% or 73.30 to $5,052.50 a troy ounce. Crude oil for April delivery rose 0.88% or 0.84 to $96.57 a barrel, and the May Brent oil contract climbed 0.63% or 0.63 to trade at $101.09 a barrel.
Currency moves were notable as well. EUR/USD was down 0.64% at 1.14, while EUR/GBP was effectively unchanged, quoted at 0.86 with a 0.13% move. The US Dollar Index Futures rose 0.61% to 100.36.
Market takeaways
The session was characterized by selective stock gains amid broader sector weakness. Energy and telecom names such as Repsol and Cellnex outperformed, while basic materials and construction-related names underperformed.
Overall market breadth pointed to more sellers than buyers, and commodity and currency swings reflected mixed sentiment across asset classes.