Madrid - Spain's stock market closed lower on Friday, with the benchmark IBEX 35 falling 0.45% as sector-level weakness in Building & Construction, Consumer Services and Telecoms & IT pushed the gauge down.
The IBEX 35 ended the day at 19,425.30, down 88.30 points from the prior close, representing the 0.45% decline recorded at the market close.
Winners and losers
The strongest performers on the IBEX 35 were:
- Fluidra (BME:FLUI) - rose 3.72% (up 0.70 points) to close at 19.52
- Iberdrola (BME:IBE) - added 1.35% (up 0.29 points) to finish at 21.75
- Inmobiliaria Colonial SA (BME:COL) - climbed 1.15% (up 0.07 points) to end at 5.72
At the other end of the index, the weakest stocks included:
- ArcelorMittal SA (BME:MTS) - fell 3.32% (down 1.80 points) to trade at 52.48 at the close
- International Consolidated Airlines Group S.A. (BME:ICAG) - declined 1.70% (down 0.10 points) to finish at 5.56
- Sacyr SA (BME:SCYR) - down 1.54% (down 0.07 points) to close at 4.73
Decliners outnumbered advancers on the Madrid exchange, with 110 stocks down versus 80 rising; 18 names finished unchanged.
Notable market moves and cross-market context
Shares of Iberdrola (BME:IBE) reached new all-time highs during the session, finishing up 1.35% or 0.29 points at 21.75.
Commodities and currencies moved alongside equity trading. Gold futures for August delivery increased 1.43% (up 57.80) to $4,105.40 a troy ounce. In energy markets, crude oil for August delivery fell 3.96% (down 2.85) to $69.07 a barrel, while the September Brent contract lost 3.99% (down 3.01) to trade at $72.49 a barrel.
On the currencies front, EUR/USD was unchanged 0.28% to 1.14, while EUR/GBP was unchanged 0.10% to 0.86. The US Dollar Index Futures was lower by 0.19%, trading at 101.00.
Market snapshot
- IBEX 35: 19,425.30, down 88.30 points (-0.45%)
- Advancers vs. decliners: 80 up, 110 down, 18 unchanged
- Notable individual moves: FLUI +3.72%, IBE +1.35%, COL +1.15%; MTS -3.32%, ICAG -1.70%, SCYR -1.54%
The trading day closed with the IBEX 35 lower after broad sector weakness, while select utilities, construction and pool equipment-related names outperformed amid mixed moves across commodities and currencies.