Stock Markets January 26, 2026

Spanish Stocks Rise as Banking and Industrial Groups Lift IBEX 35

IBEX 35 closes up 0.78% with financial and industrial sectors leading gains; mixed moves in commodities and currencies

By Hana Yamamoto BKT
Spanish Stocks Rise as Banking and Industrial Groups Lift IBEX 35
BKT

Spain's benchmark IBEX 35 finished higher on Monday, gaining 0.78% as Financial Services & Real Estate, Chemical, Petroleum & Plastic and Building & Construction sectors provided upward momentum. Bankinter, Caixabank and Unicaja Banco were among the top performers while Amadeus IT, Industria de Diseno Textil and Acerinox ended the session lower. Market breadth was positive, and selected commodities and currency pairs posted notable moves.

Key Points

  • IBEX 35 closed up 0.78%, led by gains in Financial Services & Real Estate, Chemical, Petroleum & Plastic and Building & Construction sectors.
  • Top performers included Bankinter (BME:BKT) +2.90%, Caixabank SA (BME:CABK) +1.95% and Unicaja Banco SA (BME:UNI) +1.86%, the latter reaching an all-time high at 2.85.
  • Commodities and currencies were mixed: April gold futures rose 2.20% to $5,127.19/oz, March crude fell to $60.82/bbl, April Brent traded at $64.90/bbl, EUR/USD stood at 1.19 and the US Dollar Index Futures was 96.78.

Spain's stock market closed higher on Monday, with the IBEX 35 advancing 0.78% in Madrid. Sectors registering the strongest gains during the session included Financial Services & Real Estate, Chemical, Petroleum & Plastic and Building & Construction, which collectively underpinned the market's rise.

At the close, the IBEX 35 recorded a 0.78% gain. Among individual names, Bankinter (BME:BKT) led the index's winners, finishing up 2.90% - a rise of 0.41 points to close at 14.38. Caixabank SA (BME:CABK) also posted a solid performance, adding 1.95% or 0.21 points to end the day at 10.72. Unicaja Banco SA (BME:UNI) rose 1.86% or 0.05 points to finish at 2.85 in late trade.

On the downside, Amadeus IT (BME:AMA) was the session's biggest decliner among the IBEX 35 constituents, slipping 1.43% or 0.84 points to close at 58.00. Industria de Diseno Textil SA (BME:ITX) dropped 1.20% or 0.66 points to end at 54.34, while Acerinox (BME:ACX) declined 1.14% or 0.15 points to finish at 12.96.

Market breadth on the Madrid Stock Exchange skewed positive, with 103 stocks advancing compared with 85 that fell; 22 shares finished unchanged.

Notably, shares of Unicaja Banco SA (BME:UNI) reached an all-time high during the session, closing up 1.86% or 0.05 points at 2.85.

Commodities moved unevenly. Gold futures for April delivery showed a significant increase, rising 2.20% or 110.19 to $5,127.19 a troy ounce. In energy markets, crude oil for March delivery fell 0.41% or 0.25 to trade at $60.82 a barrel, while the April Brent oil contract decreased 0.26% or 0.17 to $64.90 a barrel.

Currency and dollar indicators likewise posted mixed returns. The EUR/USD exchange rate rose 0.47% to 1.19. EUR/GBP was reported as unchanged at a move of 0.12% to 0.87. Meanwhile, the US Dollar Index Futures declined 0.64% to 96.78.

Overall, the session closed with the IBEX 35 higher and a range of moves across key sectors, individual equities, commodity contracts and currency pairs. The data points above reflect closing prices and percentage changes reported at the end of trading in Madrid.

Risks

  • Market breadth showed both winners and losers - 103 advancing vs. 85 declining - indicating potential volatility across sectors, including Financials and Industrial names.
  • Commodity price moves were mixed, with significant gains in gold contrasted by declines in crude and Brent oil, posing uncertainty for energy and materials-linked sectors.
  • Currency fluctuations, such as moves in EUR/USD and the US Dollar Index Futures, could affect export- and import-sensitive companies, particularly in Financial Services & Real Estate and industrial sectors.

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