Stock Markets February 26, 2026

Spanish Stocks Tick Up as IBEX 35 Hits Fresh High; Telecoms, Consumer and Construction Lead Gains

Mixed movers from Indra to Fluidra mark a day of sector rotations while commodities and FX show modest moves

By Caleb Monroe IDR
Spanish Stocks Tick Up as IBEX 35 Hits Fresh High; Telecoms, Consumer and Construction Lead Gains
IDR

Madrid equities closed higher on Thursday as the IBEX 35 edged up 0.19% to a new all-time high. Telecoms & IT, Consumer Services and Building & Construction sectors outperformed, with Indra A and Solaria posting notable gains while several energy and industrial names fell. Commodities and currency markets moved modestly, with crude oil and Brent higher, gold futures lower and the US dollar slightly firmer.

Key Points

  • IBEX 35 closed up 0.19% and set a new all-time closing high, led by gains in Telecoms & IT, Consumer Services and Building & Construction.
  • Top performing stocks included Indra A (IDR) which surged 21.16% to 62.70 and Solaria (SLRS) which gained 8.73% to 21.23; the weakest names included Fluidra (FLUI) and Redeia (REDE).
  • Commodities and FX saw modest moves: gold futures fell, crude oil and Brent rose, EUR/USD and EUR/GBP were largely unchanged, and the US Dollar Index Futures ticked up.

Spain's main stock index ended Thursday's session in positive territory, with the IBEX 35 finishing 0.19% higher and recording a new all-time closing level. The advance was driven by strength in several sector groups, most notably Telecoms & IT, Consumer Services and Building & Construction.

Among individual constituents, Indra A (BME:IDR) led the winners on the IBEX 35, jumping 21.16% - a rise of 10.95 points - to close at 62.70. Solaria Energia y Medio Ambiente (BME:SLRS) also posted a strong performance, rising 8.73% or 1.71 points to finish at 21.23, reaching a three-year high. Amadeus IT (BME:AMA) added 4.22%, or 2.08 points, to end the day at 51.36.

Not all names participated in the rally. Fluidra (BME:FLUI) was the session's biggest decliner, falling 6.22% or 1.50 points to close at 22.60. Redeia Corporacion SA (BME:REDE) slipped 5.57%, down 0.91 points to 15.44, while Corporacion Acciona Energias Renovables SA (BME:ANE) declined 2.19% or 0.48 points to 21.48.

Market breadth on the Madrid exchange favored advancers: 114 issues gained, 79 fell and 14 were unchanged.

Two notable price milestones were recorded during the session. Shares of Indra A rose to an all-time high at the close, and Solaria's stock closed at a three-year high.


Commodities and foreign exchange also moved during the trading day. Gold futures for April delivery fell 0.44%, a drop of 22.86, to $5,203.34 a troy ounce. In energy markets, crude oil for April delivery rose 1.57% or $1.03 to trade at $66.45 a barrel, while the May Brent contract climbed 1.87% or $1.32 to $72.01 a barrel. In currency markets, EUR/USD was effectively unchanged, moving 0.18% to 1.18, and EUR/GBP was little changed at 0.87, up 0.29%. The US Dollar Index Futures increased 0.15% to 97.78.

The day's action highlighted sector-level dispersion within the Spanish market: technology and consumer service names contributed to the upside, while select industrials and renewable-energy related stocks underperformed. Volume patterns and the dispersion between winners and losers suggest differentiated investor focus across sectors.

No additional forward-looking claims or projections are provided in the trading data reported here.

Risks

  • Concentration of gains in specific sectors - Telecoms & IT, Consumer Services and Building & Construction - could leave the market vulnerable if investor preference shifts away from these groups, impacting sector-exposed portfolios.
  • Significant single-stock volatility, exemplified by Indra A's 21.16% jump and Fluidra's 6.22% decline, highlights the risk of sharp moves in individual equities that can affect index and portfolio performance.
  • Commodity and currency fluctuations - including declines in gold futures and rises in crude and Brent prices - present near-term uncertainty for energy- and commodity-sensitive sectors.

More from Stock Markets

RBC’s Pharma Picks: Lilly Leads Momentum, AbbVie Anchors Value List Feb 26, 2026 Broadcom, Nvidia Drag Big Caps Lower as Select Names Rally Across Market Caps Feb 26, 2026 Producer Prices Take Center Stage on a Packed Economic Calendar Feb 26, 2026 Broad Cross-Section of Firms From Brightspring to BASF Scheduled to Report Quarterly Results Friday Feb 26, 2026 Apple TV Gains U.S. Formula One Rights as Netflix Shares Select F1 Content Feb 26, 2026