Spain's equity market finished the trading day in negative territory on Thursday, with the IBEX 35 losing 0.82% at the close in Madrid. Broader selling pressure was concentrated in Financial Services & Real Estate, Building & Construction and Chemical, Petroleum & Plastic industry groups, which collectively contributed to the downward move.
Session leaders and laggards
- Redeia Corporacion SA (BME:REDE) was the session's top performer on the IBEX 35, advancing 2.14% or 0.33 points to finish at 15.77.
- Cellnex Telecom SA (BME:CLNX) added 1.88% or 0.54 points to close at 29.34.
- Telefonica (BME:TEF) rose 1.81% or 0.07 points, ending the session at 3.71.
- ArcelorMittal SA (BME:MTS) was the weakest name among the benchmark constituents, falling 4.79% or 2.64 points to close at 52.52.
- SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS) declined 4.73% or 0.89 points to finish at 17.93.
- Amadeus IT (BME:AMA) dropped 2.70% or 1.36 points to end at 49.02.
Market breadth and notable levels
On the Madrid Stock Exchange, falling stocks outnumbered advancing ones by 109 to 73, while 21 issues ended unchanged. Amadeus IT (BME:AMA) was noted to have fallen to three-year lows, slipping 2.70% or 1.36 to 49.02.
Commodities and currencies
Gold Futures for April delivery was down 2.31% or 117.96 to $4,980.54 a troy ounce. In energy markets, crude oil for delivery in March fell 2.85% or 1.84 to hit $62.79 a barrel, while the April Brent oil contract declined 2.74% or 1.90 to trade at $67.50 a barrel.
On the currency front, EUR/USD was unchanged 0.04% to 1.19 and EUR/GBP was unchanged 0.02% to 0.87. The US Dollar Index Futures was up 0.13% at 96.85.
This session's activity left the IBEX 35 lower at the close, with a mix of sector-driven selling and isolated gains among utilities and telecoms shaping the day's outcome.