Spain's equity market ended the trading session lower on Thursday, with the IBEX 35 closing down 0.51% in Madrid as a handful of sectors including Consumer Services, Financial Services & Real Estate and Building & Construction weighed on the index.
Among individual stocks, a small group of names bucked the downward trend. Repsol (BME:REP) led gains on the IBEX 35, finishing the day up 2.00% or 0.41 points to trade at 20.93. Amadeus IT (BME:AMA) climbed 1.82% or 0.94 points to close at 52.62, while Fluidra (BME:FLUI) rose 1.65% or 0.34 points to 20.92.
On the downside, several large-cap names recorded notable losses. International Consolidated Airlines Group S.A. (BME:ICAG) fell 2.19% or 0.10 points to finish at 4.43. Enagas (BME:ENAG) declined 2.10% or 0.36 points to end the session at 16.79, and ArcelorMittal SA (BME:MTS) was down 1.91% or 1.00 points to 51.26.
Market breadth in Madrid favored falling issues: decliners outnumbered advancers by 103 to 90, with 17 stocks unchanged at the close.
Commodities displayed upward momentum during the session. Gold Futures for June delivery rose 0.08% or 3.64 to $4,827.24 a troy ounce. Energy contracts posted larger moves: Crude oil for May delivery increased 2.65% or 2.42 to $93.71 a barrel, while the June Brent contract climbed 3.81% or 3.62 to trade at $98.55 a barrel.
Foreign exchange instruments showed little directional change in the major crosses cited. EUR/USD was unchanged 0.14% to 1.18, while EUR/GBP was unchanged 0.09% to 0.87. The US Dollar Index Futures moved up 0.14% to 97.99.
Overall, the closing session in Madrid reflected a modest retreat in equities amid contrasting moves across energy and precious metals, with market breadth pointing to a larger number of stocks finishing lower than higher.