Stock Markets March 31, 2026

Madrid Stocks Close Higher as IBEX 35 Gains 0.47% Led by Construction and Energy Names

Broad advance on the Madrid market backed by Building & Construction, Telecoms & IT and Chemical, Petroleum & Plastic sectors

By Jordan Park IDR
Madrid Stocks Close Higher as IBEX 35 Gains 0.47% Led by Construction and Energy Names
IDR

Spanish equities ended the session higher on Tuesday, with the IBEX 35 up 0.47% as gains in Building & Construction, Telecoms & IT and Chemical, Petroleum & Plastic stocks drove the market. Indra A, ACS and Repsol were the top performers, while Fluidra, Naturgy and Amadeus IT lagged. Market breadth favored advancers over decliners, and commodity and FX markets saw mixed moves, including a notable rise in gold futures.

Key Points

  • IBEX 35 closed up 0.47%, supported by gains in Building & Construction, Telecoms & IT and Chemical, Petroleum & Plastic sectors.
  • Top individual performers were Indra A, ACS and Repsol; laggards included Fluidra, Naturgy and Amadeus IT.
  • Commodities and FX saw mixed moves: gold futures rose sharply, Brent eased slightly, WTI crude climbed, and the dollar weakened against major currencies.

Spain's main stock index closed to the upside on Tuesday, with the IBEX 35 finishing the session 0.47% higher. Buying pressure was concentrated in sectors tied to Building & Construction, Telecoms & IT and Chemical, Petroleum & Plastic, which collectively supported the market's advance.

At the close in Madrid, the IBEX 35 recorded a 0.47% gain.

The standout performers on the IBEX 35 included Indra A (BME:IDR), which climbed 4.10% - an increase of 1.86 points - to finish at 47.20. ACS Actividades de Construccion y Servicios SA (BME:ACS) added 2.14% or 2.20 points to close at 104.80, and Repsol (BME:REP) rose 1.73% or 0.42 points to end the day at 24.65.

On the downside, Fluidra (BME:FLUI) led laggards after slipping 1.54% - down 0.31 points - to close at 19.77. Naturgy Energy Group SA (BME:NTGY) declined 1.15% or 0.30 points to finish at 25.86, while Amadeus IT (BME:AMA) eased 0.41% - a fall of 0.20 points - to 48.80 at the close.

Market breadth in Madrid favored advancing issues: 129 shares rose, 54 fell and 26 were unchanged by the end of trading.

Commodity markets were mixed alongside the equity gains. Gold futures for June delivery moved higher, climbing 2.01% - up 91.65 - to trade at $4,649.15 a troy ounce. In crude markets, the May delivery contract rose 1.38% or $1.42 to $104.30 a barrel, while the June Brent oil contract slipped 0.39% or $0.42 to $106.97 a barrel.

Currency markets showed modest moves: EUR/USD strengthened by 0.51% to trade at 1.15. EUR/GBP registered a 0.45% change to 0.87. The US Dollar Index Futures was lower, down 0.35% at a level of 100.00.


Summary of session data and price moves is based on closing levels in Madrid and reported futures and FX prices at the end of the trading day.

Risks

  • Sector concentration risk - Gains were led by a few sectors (Building & Construction, Telecoms & IT and Chemical, Petroleum & Plastic), which could leave the market vulnerable if those sectors reverse.
  • Commodity price volatility - Movements in oil and gold prices can affect energy and materials-related companies mentioned in the session (Repsol, Chemical and Petroleum names).
  • Currency fluctuations - Shifts in EUR/USD and the US Dollar Index may influence exporters and importers listed on the exchange as well as commodity valuations.

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