Spain's equity market finished the trading day in negative territory on Monday, pressured by declines across several key sectors. At the close in Madrid the IBEX 35 declined 1.21%.
Sector-level losses were led by Financial Services & Real Estate, Telecoms & IT and Consumer Services, which together pushed the benchmark lower during the session.
Top performers
- Repsol (BME:REP) outperformed the index, rising 2.18% or 0.43 points to close at 20.15.
- Endesa SA (BME:ELE) added 1.76% or 0.65 points to finish at 37.53.
- Enagas (BME:ENAG) was up 1.40% or 0.23 points, ending the session at 16.65.
Lagging stocks
- Banco Bilbao Vizcaya Argentaria SA (BME:BBVA) was the weakest name on the IBEX 35, falling 3.42% or 0.69 points to close at 19.61.
- Amadeus IT (BME:AMA) declined 3.16% or 1.72 points to end at 52.78.
- Grifols SA (BME:GRLS) slipped 2.61% or 0.25 points to trade at 9.39 at the close.
On the Madrid Stock Exchange overall, declining issues outnumbered advancing ones by 114 to 67, while 19 shares finished unchanged.
Commodities and energy
Commodity markets saw mixed movements during the session. Gold Futures for June delivery were down 1.27% or 61.75 to $4,817.85 a troy ounce. In contrast, crude oil for delivery in June gained 5.84% or 4.82 to hit $87.41 a barrel, and the June Brent oil contract rose 5.50% or 4.97 to trade at $95.35 a barrel.
Foreign exchange and indices
Major currency pairs were relatively stable in the session: EUR/USD was unchanged 0.19% to 1.18, while EUR/GBP was unchanged 0.01% to 0.87. The US Dollar Index Futures was down 0.05% at 97.85.
The combination of sector-specific weakness on the IBEX 35 and volatile moves in commodity markets defined Monday's trading, leaving the benchmark modestly lower at the close.