Spain's equities ended the trading session lower on Wednesday, with the IBEX 35 closing down 0.75% in Madrid.
Sectors that contributed most to the downturn included Telecoms & IT, Consumer Services and Consumer Goods, which collectively pushed the broader market into negative territory.
Top gainers on the IBEX 35
- SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS) led winners, climbing 2.60% or 0.62 points to finish at 24.50.
- Repsol (BME:REP) added 2.42% or 0.50 points to end the day at 21.19.
- Corporacion Acciona Energias Renovables SA (BME:ANE) rose 1.99% or 0.44 points to close at 22.54.
Heaviest decliners
- Amadeus IT (BME:AMA) was the weakest performer, down 3.46% or 1.82 points to 50.82 at the close.
- Telefonica (BME:TEF) fell 3.35% or 0.13 points to finish at 3.78.
- International Consolidated Airlines Group S.A. (BME:ICAG) slipped 3.17% or 0.14 points to 4.37.
Market breadth in Madrid favored decliners: 99 stocks fell versus 89 that advanced, while 27 shares finished unchanged.
Commodities and FX snapshot
On the commodities front, Gold Futures for June delivery rose 0.70% or 33.24 to $4,752.84 a troy ounce. Crude oil for June delivery climbed 3.64% or 3.26 to $92.93 a barrel, and the June Brent contract increased 3.16% or 3.11 to trade at $101.59 a barrel.
In currency markets, EUR/USD was unchanged 0.26% to 1.17, while EUR/GBP was unchanged 0.26% to 0.87. The US Dollar Index Futures was up 0.15% at 98.37.
Below are the main takeaways from the session and the uncertainties that remain visible as markets closed in Madrid.