Spain's stock market ended Wednesday's session in negative territory, with the IBEX 35 slipping 0.18% at the close in Madrid. Losses were concentrated in the Building & Construction, Consumer Goods and Consumer Services sectors, which weighed on the overall index.
Among IBEX 35 components, Repsol (BME:REP) was the day's top performer, advancing 2.12% - a gain of 0.48 points - to finish at 23.17. Logista (BME:LOG) also posted a positive result, rising 1.75% or 0.58 points to close at 33.80. Telefonica (BME:TEF) added 1.73%, up 0.07 points to 3.94 in late trade.
On the downside, Acciona (BME:ANA) led the decliners, falling 3.23% - a drop of 7.80 points - to settle at 233.60. Corporacion Acciona Energias Renovables SA (BME:ANE) declined 1.91% or 0.42 points to end at 21.60. SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS) was down 1.79% or 0.41 points, closing at 22.44.
Market breadth in Madrid favored losers: 100 stocks fell versus 94 advancers, while 15 issues finished unchanged.
Commodities and currency moves
Commodity markets showed mixed action. Gold Futures for August delivery dropped 3.18% - a decrease of 136.31 - to $4,150.09 a troy ounce. By contrast, crude oil strengthened: the July contract rose 3.27% or 2.88 to $91.08 a barrel, and the August Brent contract gained 2.88% or 2.63 to trade at $94.08 a barrel.
Major currency pairs were largely unchanged. EUR/USD was flat, moving 0.06% to 1.16, while EUR/GBP was unchanged by 0.02% at 0.86. The US Dollar Index Futures registered no change, remaining at 99.89 (0.00%).
What this means
The session reflected a modest retreat in Spain's equity market, with energy and logistics names providing some support while construction and renewable-related names underperformed. Commodity price divergence - rising crude oil and falling gold futures - added a layer of mixed signals for market participants.
Trading activity showed a narrow edge to the downside on the Madrid exchange, and the distribution of decliners versus advancers indicates the market closed with more stocks under pressure than in the green.
Performance snapshot
- IBEX 35: -0.18%
- Repsol (BME:REP): +2.12% to 23.17
- Logista (BME:LOG): +1.75% to 33.80
- Telefonica (BME:TEF): +1.73% to 3.94
- Acciona (BME:ANA): -3.23% to 233.60
- Corporacion Acciona Energias Renovables SA (BME:ANE): -1.91% to 21.60
- SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS): -1.79% to 22.44