Spain's equities ended the trading day with a small gain on Friday as the IBEX 35 finished 0.06% higher in Madrid. The session was led by advances in the Consumer Services, Financial Services & Real Estate and Building & Construction sectors, which helped offset declines in several large-cap names.
The top performers on the IBEX 35 included ArcelorMittal SA (BME:MTS), which climbed 3.89% - a rise of 2.12 points - to close at 56.66. SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS) added 2.72%, gaining 0.64 points to finish the day at 24.20, while Indra A (BME:IDR) rose 2.25%, or 1.16 points, to end at 52.68.
Not all large-cap stocks fared well. Puig Brands SA (BME:PUIGb) registered the steepest drop on the index, plunging 13.44% - down 2.37 points - to close at 15.27. Repsol (BME:REP) declined 2.75%, losing 0.63 points to finish at 22.26, and Cellnex Telecom SA (BME:CLNX) was down 1.65%, slipping 0.48 points to end the session at 28.63.
Market breadth in Madrid was tilted toward gainers: 112 stocks rose, 84 fell and 16 finished unchanged on the Madrid Stock Exchange.
Commodities and currencies exhibited mixed moves around the close. Gold Futures for June delivery were down 0.49%, a loss of 22.33, bringing the contract to $4,520.17 a troy ounce. In energy markets, crude oil for July delivery rose 0.81%, an increase of 0.78, to trade at $97.13 a barrel, while the July Brent contract gained 0.98%, or 1.01, to reach $103.59 a barrel.
In foreign exchange, EUR/USD was unchanged 0.15% to 1.16, and EUR/GBP was unchanged 0.17% to 0.86. The US Dollar Index Futures moved up 0.17% to 99.28.
Overall, the session closed with a modest uptick in the main Spanish index amid mixed signals from commodities and selective gains among industry groups. The stronger performers were concentrated in consumer, financial and construction-related names, while several heavyweight stocks finished lower.
Key takeaways
- IBEX 35 closed up 0.06% as sector-level gains in Consumer Services, Financial Services & Real Estate and Building & Construction supported the market.
- ArcelorMittal SA, SOLARIA ENERGIA Y MEDIO AMBIENTE and Indra A were the session's best performers on the IBEX 35.
- Puig Brands SA, Repsol and Cellnex Telecom SA were among the largest decliners on the index.
Market breadth and macro moves
- Rising stocks outnumbered decliners on the Madrid exchange by 112 to 84, with 16 unchanged.
- Commodity prices diverged - gold futures fell while both WTI and Brent crude rose into the close.