Spain's equity market closed lower on Monday, with the benchmark IBEX 35 ending the session down 0.66% as several cyclical sectors pressured the index.
At the Madrid close the IBEX 35 fell 0.66%. The session saw notable weakness in Building & Construction, Consumer Goods and Consumer Services, which weighed on the overall market move.
Top performers
On the IBEX 35, Indra A (BME:IDR) led gains, finishing up 2.63% or 1.46 points at 56.90. Puig Brands SA (BME:PUIGb) added 1.37% or 0.22 points to close at 16.25. Acerinox (BME:ACX) also advanced, rising 0.50% or 0.08 points to finish at 16.09.
Lagging names
At the other end of the leaderboard, SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS) declined 3.45% or 0.82 points to close at 22.95. Amadeus IT (BME:AMA) slipped 1.79% or 0.96 points to end the session at 52.72. International Consolidated Airlines Group S.A. (BME:ICAG) was down 1.70% or 0.08 points to 4.79.
Market breadth in Madrid was negative: 138 stocks fell versus 50 that advanced, while 26 shares finished unchanged.
Commodities and energy
Commodities posted mixed moves. Gold Futures for August delivery was essentially flat, up 0.03% or 1.50 to $4,366.80 a troy ounce. In oil markets, crude for July delivery rose 0.94% or 0.85 to $91.39 a barrel, while the August Brent contract was higher by 1.54% or 1.43 at $94.52 a barrel.
FX and dollar
Currency moves were subdued. EUR/USD was reported unchanged at 1.15, while EUR/GBP was unchanged at 0.87. The US Dollar Index Futures was down 0.14% at 99.92.
Index snapshot
The headline IBEX 35 figure printed at 18,223.10, a decline of 121.80 points or 0.66% at the close.
This session’s trading illustrated a preference among investors to trim exposure in selected consumer and construction-exposed names, while some industrial and metals stocks posted modest gains. Energy-related commodities moved higher on the day, and the US dollar softened slightly versus major currencies.