Spain's IBEX 35 Dips 0.30% on Sector Losses

IBEX 35 Closes Lower Amid Sector Weakness

Spain's benchmark stock index, the IBEX 35, concluded Thursday's trading session with a 0.30% loss. The decline was primarily driven by poor performance in the Chemical, Petroleum & Plastic, Consumer Goods, and Financial Services sectors.

Market Overview

Among the session's worst performers was Repsol (BME:REP), which saw its shares plummet by 6.30%. Grifols SA (BME:GRLS) and Caixabank SA (BME:CABK) also registered significant declines of 3.98% and 1.80%, respectively.

On the upside, Aena SME SA (BME:AENA) emerged as the top gainer, rising 2.07%. Acerinox (BME:ACX) also posted a strong performance, adding 1.89% to reach a new 5-year high.

Broader Market Indicators

In the commodities market, both Crude Oil and Brent oil futures experienced sharp declines, falling over 4.5%. Gold Futures also edged down. In foreign exchange, the EUR/USD and EUR/GBP pairs remained relatively stable, while the US Dollar Index Futures showed a modest gain.

Market Outlook

The market sentiment was bearish, with falling stocks outnumbering advancers on the Madrid Stock Exchange by 102 to 82. Investors will be watching key sector performance and commodity price trends in the upcoming sessions.

FAQ

Q: Which sectors led the decline in the IBEX 35?
A: The decline was led by losses in the Chemical, Petroleum & Plastic, Consumer Goods, and Financial Services & Real Estate sectors.

Q: Which company was the worst performer on the IBEX 35?
A: Repsol (BME:REP) was the worst performer, with its shares falling by 6.30%.

Source: Investing.com