Spain's equities finished the trading session in Madrid in positive territory, with the IBEX 35 up 0.11% at the close. Gains were concentrated in sectors tied to chemicals, petroleum and plastics, financial services and real estate, and telecoms and information technology, which collectively supported the index's modest advance.
The top performer on the IBEX 35 was Indra A (BME:IDR), which climbed 3.88%, adding 1.83 points to finish at 48.95. ArcelorMittal SA (BME:MTS) also contributed to the upside, gaining 1.28% or 0.74 points to close at 58.74. SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS) rose 1.26%, or 0.23 points, to end the session at 18.54.
On the down side, Industria de Diseno Textil SA (BME:ITX) was the weakest name among the index constituents, slipping 1.97% or 1.08 points to close at 53.72. Pool-equipment manufacturer Fluidra (BME:FLUI) fell 1.53%, down 0.29 points to 18.61, while Laboratorios Farmaceuticos ROVI (BME:ROVI) declined 1.29%, shedding 0.70 points to finish at 53.65.
Market breadth at the Madrid Stock Exchange favored decliners on the day: 114 stocks fell versus 79 that rose, and 19 issues ended unchanged.
Commodities and currencies
In commodities trading, Gold Futures for August delivery were reported up 1.50% or 60.20, trading at $4,065.90 a troy ounce. Oil prices moved higher as well: crude oil for August delivery gained 1.77% or $1.38 to reach $79.52 a barrel, while the September Brent contract advanced 2.42% or $2.02 to trade at $85.32 a barrel.
On the foreign-exchange front, EUR/USD was reported unchanged 0.39% at 1.14 and EUR/GBP unchanged 0.14% at 0.85. The US Dollar Index Futures was lower, down 0.31% at 100.73.
Takeaway
Overall, the session ended with a modest gain for Spain's benchmark despite a larger number of falling stocks than rising ones. Leadership was concentrated in industrial, energy-related and telecom/IT names, while retail, select industrial equipment and pharmaceutical-related stocks anchored the downside.
Market snapshot (selected movers)
- Indra A (BME:IDR): +3.88% to 48.95
- ArcelorMittal SA (BME:MTS): +1.28% to 58.74
- SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS): +1.26% to 18.54
- Industria de Diseno Textil SA (BME:ITX): -1.97% to 53.72
- Fluidra (BME:FLUI): -1.53% to 18.61
- Laboratorios Farmaceuticos ROVI (BME:ROVI): -1.29% to 53.65
These moves came as commodity benchmarks rose and the dollar eased slightly, factors that intersect with sector performance in energy, materials and exporters listed on the exchange.