Spanish equities closed higher on Tuesday in Madrid, with the IBEX 35 ending the session up 0.48%.
Gains were led by selected sectors - Chemical, Petroleum & Plastic, Building & Construction and Financial Services & Real Estate - which collectively supported the overall advance in the market.
Top movers
The session's strongest performer on the IBEX 35 was Merlin Properties SA (BME:MRL), which rose 3.37%, gaining 0.50 points to finish at 15.33. Acerinox (BME:ACX) also posted a notable increase, adding 2.93% or 0.46 points to close at 16.15; Acerinox's share price reached a five-year high at that level. Corporacion Acciona Energias Renovables SA (BME:ANE) climbed 2.02%, up 0.46 points to settle at 23.18.
Lagging names
On the downside, Indra A (BME:IDR) led decliners after slipping 3.44%, a drop of 1.92 points to close at 53.96. Amadeus IT (BME:AMA) fell 2.26%, down 1.26 points to 54.44, while Banco de Sabadell SA (BME:SABE) ended the day 1.27% lower, off 0.04 points to 2.80.
Market breadth and composition
On the Madrid Stock Exchange, advancing issues outnumbered decliners by a count of 99 to 92, with 15 stocks finishing unchanged. The narrow edge in rising names underpinned the benchmark's modest gain.
Commodities and currencies
In commodity markets, Gold Futures for August delivery rose 0.52%, up $23.60, to trade at $4,529.90 a troy ounce. Crude oil for July delivery climbed 0.42% or $0.39 to $92.55 a barrel, and the August Brent contract increased 0.29% or $0.28 to $95.26 a barrel. The U.S. Dollar Index Futures moved slightly lower, down 0.03% to 99.12.
Foreign exchange pairs were largely steady: EUR/USD was effectively unchanged at 1.16, shifting 0.04%, while EUR/GBP held near 0.86 with a 0.02% move.
Context and closing note
The session showed a mix of sector strength and isolated stock weakness. While several sectors recorded gains that supported the IBEX 35's rise, a number of prominent constituents registered sizeable declines. Investors will note the modest commodity moves and a slightly softer dollar as additional market inputs at the close.
Data points referenced in this report
- IBEX 35 - +0.48% at close
- Merlin Properties SA (MRL) - +3.37% to 15.33
- Acerinox (ACX) - +2.93% to 16.15 (5-year high)
- Corporacion Acciona Energias Renovables SA (ANE) - +2.02% to 23.18
- Indra A (IDR) - -3.44% to 53.96
- Amadeus IT (AMA) - -2.26% to 54.44
- Banco de Sabadell SA (SABE) - -1.27% to 2.80
- Risers vs. fallers on Madrid exchange - 99 vs. 92, 15 unchanged
- Gold Futures (Aug) - +0.52% to $4,529.90 per troy ounce
- Crude Oil (Jul) - +0.42% to $92.55 per barrel
- Brent (Aug) - +0.29% to $95.26 per barrel
- US Dollar Index Futures - -0.03% at 99.12
- EUR/USD - 1.16 (unchanged 0.04%)
- EUR/GBP - 0.86 (unchanged 0.02%)