Stock Markets July 3, 2026 12:08 PM

Madrid closes higher as IBEX 35 reaches record peak

Building & Construction, Chemical, Petroleum & Plastic and Consumer Goods sectors drive index to new high

By Priya Menon
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Spain's equity market ended the trading day higher on Friday, with the benchmark IBEX 35 advancing 0.93% to close at a record level. Gains across Building & Construction, Chemical, Petroleum & Plastic and Consumer Goods stocks supported the move, while a handful of large-cap names slipped. Commodity and currency markets showed modest mixed moves.

Madrid closes higher as IBEX 35 reaches record peak
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Key Points

  • IBEX 35 rose 0.93% to close at a new all-time high, finishing at 19,854.30.
  • Sector gains in Building & Construction, Chemical, Petroleum & Plastic and Consumer Goods were the main drivers of the session.
  • Top individual performers included ArcelorMittal (MTS), Acerinox (ACX) and Merlin Properties (MRL); notable decliners included ROVI, Amadeus (AMA) and Indra (IDR).

Spain's stock market closed higher on Friday, with the IBEX 35 finishing up 0.93% to register a new all-time high. Sector strength in Building & Construction, Chemical, Petroleum & Plastic and Consumer Goods underpinned the advance as markets wrapped the trading session in Madrid.

The session's top performers on the IBEX 35 included ArcelorMittal SA (BME:MTS), which led gains by rising 5.87% - a 3.24 point increase - to finish at 58.44. Acerinox (BME:ACX) climbed 3.74% or 0.59 points to end the day at 16.38, and Merlin Properties SA (BME:MRL) added 2.38% - up 0.36 points - to close at 15.51.

Not all large-cap names moved higher. The heaviest decliners among benchmark constituents were Laboratorios Farmaceuticos ROVI (BME:ROVI), which fell 0.87% or 0.50 points to 56.90 at the close. Amadeus IT (BME:AMA) lost 0.51% or 0.26 points to finish at 51.10, while Indra A (BME:IDR) slipped 0.50% or 0.26 points to close at 51.44.

Market breadth in Madrid was tilted toward advancing issues: 146 stocks rose versus 48 that declined, while 17 ended unchanged.


Commodities displayed modest movement during the session. Gold Futures for August delivery rose 1.22% - an increase of 50.39 - to $4,176.09 per troy ounce. In energy markets, crude oil for August delivery inched up 0.03% or $0.02 to $68.71 a barrel, and the September Brent contract was higher by 0.35% or $0.25, trading at $72.05 a barrel.

Foreign-exchange pairs were largely stable. The euro-dollar rate, EUR/USD, was effectively unchanged with a 0.03% move to 1.14, and EUR/GBP registered a 0.02% change to 0.86. The US Dollar Index Futures eased 0.01% to 100.61.

By the close, the IBEX 35 stood at 19,854.30, up 182.50 points or 0.93% on the day.


These results reflect a session where sector-level strength helped lift the benchmark to record territory even as a small set of notable stocks recorded declines. Commodity and currency markets experienced modest, mixed movements that accompanied the equity advance.

Risks

  • Select large-cap stocks finished lower, highlighting the risk that individual equity weakness can offset broader sector-driven gains - this particularly affects pharmaceutical and travel/technology-related sectors, as illustrated by declines in ROVI, Amadeus and Indra.
  • Commodity and currency moves were mixed, which could introduce volatility for companies sensitive to input costs or exchange rates - energy and precious metals exposures are relevant given moves in crude oil and gold futures.

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