Spain's main stock index ended the trading day in negative territory on Thursday, with the IBEX 35 down 1.55% at the close in Madrid. Losses were concentrated in Financial Services & Real Estate, Consumer Services and Building & Construction, which together pressured the benchmark lower.
Top and bottom movers
Among the best-performing names on the IBEX 35, Indra A (BME:IDR) led the gainers, advancing 7.08% or 3.62 points to finish at 54.72. Cellnex Telecom SA (BME:CLNX) added 4.77% or 1.19 points, closing at 26.12. Laboratorios Farmaceuticos ROVI (BME:ROVI) also posted a strong result, rising 4.27% or 2.40 points to end the session at 58.60.
On the downside, Banco Santander (BME:SAN) was the weakest large-cap, sliding 4.07% or 0.49 points to close at 11.59. International Consolidated Airlines Group S.A. (BME:ICAG) fell 3.69% or 0.19 points to finish at 4.96, while Grifols SA (BME:GRLS) declined 3.49% or 0.34 points to end the session at 9.40.
Market breadth and activity
On the Madrid Stock Exchange, decliners outpaced advancers by a wide margin: 137 stocks fell, 50 advanced and 19 finished unchanged. The breadth data underscores the broadly negative tone across sectors during the session.
Commodities and FX
Commodities saw mixed moves. Gold Futures for August delivery were down 2.42% or 100.55 to $4,051.35 a troy ounce. In energy markets, Crude oil for September delivery rose 6.29% or 5.46 to reach $92.29 a barrel, while the September Brent oil contract climbed 6.87% or 6.46 to trade at $100.53 a barrel.
In currency markets, EUR/USD was unchanged 0.32% at 1.14, while EUR/GBP was unchanged 0.20% at 0.85. The US Dollar Index Futures were stronger, up 0.35% at 101.31.
Context and takeaways
The session featured selective stock-level strength amid a wider market pullback. Gains in technology and pharmaceutical-related names contrasted with broader weakness in financials and consumer-facing companies. The moves in oil and gold added further market cross-currents ahead of the next trading day.