Stock Markets January 27, 2026

Spanish Shares End Higher as IBEX 35 Climbs to Fresh Record

Financials, real estate and construction stocks lead gains as market closes at new all-time high

By Avery Klein
Spanish Shares End Higher as IBEX 35 Climbs to Fresh Record

Spain's benchmark index closed higher on Tuesday, with the IBEX 35 finishing up 0.70% to reach a new record. Strength in Financial Services & Real Estate, Building & Construction and Consumer Services sectors supported the advance. Market breadth was positive, with more winners than losers across the Madrid exchange.

Key Points

  • IBEX 35 closed up 0.70% on Tuesday, reaching a new all-time high.
  • Financial Services & Real Estate, Building & Construction and Consumer Services were the strongest sectors.
  • Market breadth was positive in Madrid with 111 advancing stocks, 77 declining and 24 unchanged.

Stocks traded in Madrid finished the session higher on Tuesday, with the IBEX 35 closing up 0.70% and registering a new all-time high.

Sector gains were led by Financial Services & Real Estate, Building & Construction and Consumer Services, helping lift the broader index into positive territory by the end of the trading day.


Top and bottom performers

  • SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS) was the best performer on the IBEX 35, rising 2.94% or 0.53 points to close at 18.53.
  • Unicaja Banco SA (BME:UNI) added 1.97% or 0.06 points to end the day at 2.89.
  • Bankinter (BME:BKT) increased 1.88% or 0.27 points to finish at 14.62.
  • On the downside, Cellnex Telecom SA (BME:CLNX) declined 3.04% or 0.79 points to close at 25.16.
  • Amadeus IT (BME:AMA) fell 1.83% or 1.06 points to end the session at 56.94.
  • Telefonica (BME:TEF) slipped 1.39% or 0.05 points to 3.34 at the close.

Notable price milestones and breadth

Shares in Unicaja Banco SA rose to all-time highs during the session, gaining 1.97% to reach 2.89. Bankinter also climbed to all-time highs, advancing 1.88% to 14.62. By contrast, Amadeus IT fell to 52-week lows after declining 1.83% to 56.94.

On the Madrid Stock Exchange, advancing issues outnumbered decliners by 111 to 77, while 24 stocks finished unchanged, indicating overall positive breadth for the session.


Commodities and currencies

In commodities trading, Gold Futures for April delivery increased 0.01% or 0.39 to trade at $5,122.69 a troy ounce. Crude oil for March delivery rose 2.23% or 1.35 to $61.98 a barrel, while the April Brent contract gained 2.01% or 1.30 to trade at $66.07 a barrel.

On the currency front, the euro strengthened versus the dollar, with EUR/USD up 0.80% to 1.20. EUR/GBP was effectively unchanged, moving 0.10% to 0.87. The US Dollar Index Futures declined 0.79% to 96.10.


This session closed with the IBEX 35 at a new record level, supported by sector-specific gains and a greater number of advancing stocks than decliners on the Madrid exchange.

Risks

  • Several large-cap names fell on the day - including Cellnex Telecom, Amadeus IT and Telefonica - which could weigh on sector sentiment in communications and technology.
  • Volatility in commodities and currencies, such as moves in oil and the US Dollar Index Futures, may introduce cross-market uncertainty for energy and export-sensitive sectors.
  • Concentration of gains in financial and real-estate-related stocks could increase sector-specific vulnerability if those areas reverse.

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