Spanish equities finished higher on Thursday in Madrid, with the IBEX 35 rising 0.62% to close at a new record high. Market breadth favored gainers, and several sectors - notably Financial Services & Real Estate, Chemical, Petroleum & Plastic and Telecoms & IT - provided upward momentum through the session.
At the close, the IBEX 35 registered a 0.62% advance to reach its highest level on record. The session featured notable outperformance among telecommunications and renewable energy-related names, while some industrial and travel-related stocks weighed on the index.
Top and bottom performers
- Cellnex Telecom SA (BME:CLNX) led gains on the index, climbing 3.48% - an increase of 0.90 points - to finish at 26.77.
- Corporacion Acciona Energias Renovables SA (BME:ANE) rose 2.98%, or 0.60 points, ending the day at 20.74.
- Telefonica (BME:TEF) advanced 2.30%, adding 0.08 points to close at 3.70.
- Amadeus IT (BME:AMA) was among the weakest, slipping 1.88% - down 1.08 points - to 56.48 at the close.
- Acerinox (BME:ACX) declined 1.62%, a 0.30-point drop, to 18.18.
- Ferrovial (BME:FER) fell 1.18%, losing 0.68 points to end at 57.10.
On the Madrid Stock Exchange overall, 109 stocks closed higher versus 81 that fell, while 19 issues finished unchanged.
Commodities and foreign exchange
Commodities displayed mixed performance. Gold futures for December delivery dipped 0.14% - down 5.95 - to $4,299.25 per troy ounce. Crude oil contracts moved higher: the September delivery climbed 3.32% (up $2.50) to $77.72 a barrel, and the October Brent contract gained 3.84% (up $3.05) to trade at $82.50 a barrel.
In currency markets, EUR/USD was effectively unchanged, quoted at 1.15 (a 0.29% move as reported), while EUR/GBP was likewise effectively unchanged at 0.86 (a 0.27% move as reported). The US Dollar Index Futures rose 0.31% to 99.85.
Implications
The session's advances were concentrated in sectors tied to telecoms, renewable energy and certain financial and industrial groups, supporting the IBEX 35's move to a record closing level. Divergent moves in commodities and the dollar suggest differing drivers across asset classes during the trading day.