Spain's main equity gauge closed higher on Tuesday as sector strength in chemicals, petroleum & plastic, construction and consumer services supported broad gains across the market.
At the close in Madrid, the IBEX 35 ended the session up 0.92%.
The session's top performers on the IBEX 35 were led by Corporacion Acciona Energias Renovables SA (BME:ANE), which advanced 3.67% - a rise of 0.76 points - to finish the day at 21.48. Repsol (BME:REP) added 3.52%, or 0.82 points, closing at 24.14, while Merlin Properties SA (BME:MRL) gained 2.95%, or 0.41 points, to end at 14.33.
On the downside, Indra A (BME:IDR) posted the steepest decline, falling 4.19% - a drop of 2.50 points - to 57.10 at the close. Banco de Sabadell SA (BME:SABE) slipped 0.53%, or 0.02 points, to 3.03, and Grifols SA (BME:GRLS) was down 0.45%, or 0.04 points, to 9.27.
Market breadth favored advancers: 117 stocks rose, 71 fell, and 21 finished unchanged on the Madrid Stock Exchange.
Notably, Repsol's shares moved to five-year highs during the session, rising 3.52% - 0.82 points - to 24.14.
Commodities and currencies
In commodities trading, Gold Futures for April delivery rose 0.17%, gaining 8.40 to trade at $5,010.60 a troy ounce. Crude oil for May delivery climbed 2.64%, an increase of 2.44, to settle at $94.90 a barrel. The May Brent contract also strengthened, up 2.43% or 2.44, to trade at $102.65 a barrel.
Foreign exchange moves were more muted. EUR/USD was reported unchanged at 1.15 with a 0.23% notation, while EUR/GBP was unchanged at 0.86 with a 0.00% notation. The US Dollar Index Futures was down 0.12% at 99.35.
Market implications
The session displayed selective strength across commodity-linked and real estate-related names, with oil-sector and renewable-energy stocks among the day's winners. The broader market advance coincided with higher oil prices and a small uptick in gold futures, while FX rates remained effectively stable according to the reported figures.
What to watch next
- Whether the sectors leading today's gains can sustain momentum in coming sessions.
- How elevated oil prices and moves in gold futures may influence energy and materials stocks in Spain.