Stock Markets April 10, 2026 12:05 PM

Madrid Stocks Close Higher; IBEX 35 Reaches One-Month Peak

Financials, consumer goods and construction names support gains as select energy and tech-related stocks decline

By Caleb Monroe

The IBEX 35 closed higher on Friday, advancing 0.55% to reach a one-month high, led by strength in Financial Services & Real Estate, Consumer Goods and Building & Construction sectors. ArcelorMittal, BBVA and Naturgy were among the top performers, while Repsol, Indra A and Solaria fell. Commodity and FX markets showed mixed moves, with crude oil rising and gold futures slipping.

Madrid Stocks Close Higher; IBEX 35 Reaches One-Month Peak

Key Points

  • IBEX 35 climbed 0.55% to a one-month high, supported by Financial Services & Real Estate, Consumer Goods and Building & Construction sectors.
  • Top individual gainers included ArcelorMittal (BME:MTS), BBVA (BME:BBVA) and Naturgy (BME:NTGY); notable decliners were Repsol (BME:REP), Indra A (BME:IDR) and Solaria (BME:SLRS).
  • Commodities and FX were mixed: June gold futures fell, while May crude and June Brent rose; EUR/USD and EUR/GBP were effectively unchanged and the US Dollar Index Futures dipped slightly.

Spain's benchmark index finished the trading session higher on Friday, with the IBEX 35 up 0.55% at the close and marking a new one-month high. Sector gains in Financial Services & Real Estate, Consumer Goods and Building & Construction underpinned the advance.


On a single-stock basis, ArcelorMittal SA (BME:MTS) led the list of winners on the IBEX 35, rising 2.84% - a gain of 1.44 points - to finish at 52.14. Banco Bilbao Vizcaya Argentaria SA (BME:BBVA) also posted solid returns, adding 2.58% or 0.50 points to close at 19.70. Energy group Naturgy Energy Group SA (BME:NTGY) gained 1.67%, or 0.44 points, to end the day at 26.84.

Not all names participated in the rally. Repsol (BME:REP) was the weakest performer on the index, sliding 5.76% or 1.32 points to close at 21.60. Indra A (BME:IDR) declined 3.98%, a loss of 2.08 points, to finish at 50.16, and SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS) retreated 3.21% or 0.77 points to 23.25.


Market breadth on the Madrid exchange showed rising issues outnumbered decliners by 130 to 64, with 13 stocks unchanged at the close.


Commodities and futures displayed mixed performances during the session. Gold futures for June delivery fell 0.76% - a drop of 36.50 - to $4,781.50 per troy ounce. In energy markets, crude oil for May delivery rose 1.34%, or $1.31, to $99.18 a barrel, while the June Brent contract increased 1.38% - up $1.32 - to trade at $97.24 a barrel.


In foreign exchange, EUR/USD was unchanged 0.19% at 1.17, while EUR/GBP was unchanged 0.05% at 0.87. The US Dollar Index Futures stood lower by 0.09% at 98.50.


The session’s price action left a mixed picture across sectors: industrial and banking stocks provided upward momentum for the benchmark, while several energy and technology-related names weighed on the index. Market participants will watch whether the sector leadership observed today persists into the coming sessions.

Risks

  • Concentration of gains in a few sectors - Financial Services & Real Estate, Consumer Goods and Building & Construction - could expose the index to sector-specific volatility if those groups reverse.
  • Notable weakness in certain energy and tech-related names, including Repsol, Indra A and Solaria, introduces downside risk for index performance should those declines extend.
  • Mixed signals from commodities and FX markets, with rising oil and falling gold futures, add uncertainty for companies sensitive to input costs and currency moves.

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