Madrid - Spanish equities closed in positive territory on Tuesday, with the IBEX 35 finishing up 0.60% at the session's end. Strength in Consumer Services, Financial Services & Real Estate and Consumer Goods names underpinned the rally as market breadth tilted decisively toward winners.
The session's top performers on the IBEX 35 included Inmobiliaria Colonial SA (BME:COL), which climbed 2.59% - a gain of 0.14 points - to finish at 5.34. Telecom operator Cellnex Telecom SA (BME:CLNX) added 2.15%, or 0.64 points, to close at 30.44. Renewable energy group SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS) rose 2.02%, or 0.38 points, to end the day at 18.97; the move took the stock up to three-year highs.
On the downside, Indra A (BME:IDR) posted the largest decline among IBEX members, falling 1.99% - 1.05 points - to close at 51.80. Steelmaker Acerinox (BME:ACX) dropped 1.34%, or 0.18 points, to finish at 13.22, while Puig Brands SA (BME:PUIGb) slipped 0.91%, or 0.15 points, to 16.27.
Market internals showed a clear skew toward advancing issues: 133 stocks rose versus 61 that fell, and 16 finished unchanged on the Madrid exchange.
Commodities moved lower during the session. April gold futures fell 3.23%, losing 162.79 to settle at $4,883.51 a troy ounce. Benchmark crude oil for April delivery declined 1.26%, or $0.79, to $61.96 a barrel, while the April Brent contract fell 2.35%, or $1.61, to $67.04 a barrel.
Currency markets showed relatively limited movement, with EUR/USD changing 0.13% to 1.18 and EUR/GBP changing 0.56% to 0.87. The U.S. Dollar Index Futures was higher, rising 0.39% to 97.20.
Market context and takeaways
- The IBEX 35's 0.60% gain was driven by selective strength in consumer-facing, financial and real estate names.
- Renewable energy stock SOLARIA reached a three-year peak during the session after a 2.02% advance.
- Declines in commodities and weakness among a handful of industrial and tech-related names capped broader upside.
While the session closed with clear winners outnumbering losers, movements in bullion and energy prices and a firmer dollar are variables that could influence sector returns in the near term.