Spanish equities finished higher on Monday, with the IBEX 35 advancing 1.18% to close at a new all-time high. Sector strength was concentrated in Financial Services & Real Estate, Building & Construction and Chemical, Petroleum & Plastic, which collectively helped lift the market.
Top and bottom movers
The session's biggest gainers on the IBEX 35 were ACS Actividades de Construccion y Servicios SA (BME:ACS), which climbed 2.91% - an increase of 3.80 points - to finish at 134.30. International Consolidated Airlines Group S.A. (BME:ICAG) added 2.86% or 0.15 points to close at 5.40, and Sacyr SA (BME:SCYR) rose 2.84% or 0.13 points to 4.85 in late trade.
On the downside, Indra A (BME:IDR) led decliners, slipping 2.65% or 1.46 points to end the day at 53.60. Telefonica (BME:TEF) retreated 2.27% or 0.08 points to close at 3.61, while Puig Brands SA (BME:PUIGb) fell 1.98% or 0.32 points to 15.87.
Market breadth and notable moves
Advancing issues outnumbered decliners on the Madrid Stock Exchange by 117 to 82, and 12 stocks finished unchanged. Shares of International Consolidated Airlines Group S.A. (BME:ICAG) rose to five-year highs, with the 2.86% gain taking the stock to 5.40.
Commodities and FX
Commodity markets were broadly weaker during the session. Gold Futures for August delivery fell 1.18% or 50.10 to $4,195.80 a troy ounce. Crude oil softened: the August WTI contract dropped 2.99% or 2.27 to $73.58 a barrel, and the September Brent oil contract declined 3.39% or 2.71 to trade at $77.34 a barrel.
In currency markets, EUR/USD was unchanged 0.35% to 1.14 and EUR/GBP unchanged 0.43% to 0.86. The US Dollar Index Futures was up 0.17% at 100.79.
Implications
Monday's session delivered broad-based gains on the IBEX 35, with construction and real estate-related names among the day's leaders while select technology and telecom names moved lower. Commodities slipped, which coincided with mixed moves across energy- and materials-linked equities.