Spain's equity market finished lower on Friday, with the IBEX 35 sliding 1.25% at the close in Madrid as weakness in Financial Services & Real Estate, Building & Construction and Consumer Goods dragged the index down.
Market breadth was tight: falling shares narrowly outnumbered advancing ones by 91 to 90, and 27 stocks finished unchanged.
The session's top performers on the IBEX 35 included Cellnex Telecom SA (BME:CLNX), which advanced 2.28% or 0.67 points to close at 30.01. Acciona (BME:ANA) added 1.93% or 3.60 points to end at 189.70, and Repsol (BME:REP) rose 1.89% or 0.32 points to finish at 16.99 in late trade.
At the other end of the board, Acerinox (BME:ACX) was the worst performer, slipping 4.58% or 0.63 points to close at 13.12. Caixabank SA (BME:CABK) fell 4.53% or 0.48 points to end the session at 10.02, and Banco Bilbao Vizcaya Argentaria SA (BME:BBVA) declined 3.44% or 0.68 points to 19.11.
Commodities showed mixed results. Gold futures for April delivery were up 1.77% or 87.74, trading at $5,036.14 a troy ounce. In oil markets, crude for March delivery dipped 0.06% or 0.04 to $62.80 a barrel, while the April Brent contract edged up 0.18% or 0.12 to $67.64 a barrel.
On the currency front, EUR/USD was essentially flat, changing 0.03% to 1.19, and EUR/GBP was unchanged at 0.15% to 0.87. The US Dollar Index futures moved down 0.06% to 96.78.
Summary of key market moves:
- IBEX 35 closed down 1.25%.
- Strong performers included Cellnex Telecom, Acciona and Repsol.
- Major financials and an industrial metals name, notably Acerinox, Caixabank and BBVA, posted the largest declines.
The trading day reflected sector-specific pressure concentrated in Financial Services & Real Estate, Building & Construction and Consumer Goods, while select energy and infrastructure names posted gains. Commodity and currency futures presented a mixed backdrop for market participants heading into the close.