Spain's equity market ended the trading day in negative territory on Friday, with the IBEX 35 falling 1.11% to register a new one-month low.
The downward pressure came largely from the Consumer Goods, Building & Construction and Financial Services & Real Estate sectors, which contributed most to the index's decline.
Top and bottom movers
- Telefonica (TEF) was the session's top performer on the IBEX 35, climbing 2.89% - a gain of 0.10 points - to close at 3.67.
- Repsol (REP) also advanced, adding 2.67% or 0.54 points to finish at 20.76. The oil major's share price moved to a five-year high during the session.
- Amadeus IT (AMA) rose 1.64% or 0.88 points to end the day at 54.62.
- Grifols SA (GRLS) registered the steepest fall among the large movers, slipping 3.36% or 0.35 points to close at 10.06.
- Fluidra (FLUI) declined 3.11% or 0.68 points to 21.20 at the close.
- ArcelorMittal SA (MTS) lost 3.06% or 1.51 points to finish at 47.90.
Market breadth
On the Madrid Stock Exchange, decliners outnumbered advancers by 126 to 62, while 17 stocks ended unchanged, indicating broader selling across listed names.
Commodities and currencies
Commodity markets showed notable moves on the session. April Gold futures increased 1.32% or 67.19 to trade at $5,145.89 a troy ounce. In oil markets, April WTI crude jumped 11.22% or 9.09 to $90.10 a barrel, and the May Brent contract rose 8.23% or 7.03 to $92.44 a barrel.
In foreign-exchange trading, EUR/USD was essentially unchanged, moving 0.06% to 1.16, while EUR/GBP was unchanged at 0.87, reflecting a 0.37% move noted in the session. The US Dollar Index Futures eased 0.35% to 98.96.
Context and takeaway
Friday's session in Madrid was characterized by sector-specific weakness that outweighed gains in several large-cap names. The combination of heavier selling across consumer, construction and financial-related stocks and stronger commodity prices resulted in a one-month low for the IBEX 35.