Spain's IBEX 35 Gains 1.11% as Sacyr Hits 5-Year High

IBEX 35 Rallies on Sector Strength

Spain's benchmark stock index, the IBEX 35, finished Friday's session 1.11% higher, signaling a strong close to the week. The advance was primarily driven by positive momentum across several key industrial sectors.

Performance Highlights and Key Movers

Gains were led by the Building & Construction, Consumer Services, and Chemical, Petroleum & Plastic sectors. On the Madrid Stock Exchange, advancing stocks outnumbered declining ones 109 to 74. Sacyr SA (BME:SCYR) was the day's top performer, surging 5.55% to a 5-year high. Acerinox (BME:ACX) also posted a strong gain of 5.13%. On the other end, Banco de Sabadell SA (BME:SABE) was the biggest laggard, dropping 4.81%.

Market Summary

The session's outcome highlights investor confidence in Spain's industrial and construction firms. This positive equity performance was complemented by rising prices in commodities, with both crude oil and gold futures trading higher.

FAQ

Q: What was the closing gain for the IBEX 35?
A: The IBEX 35 index gained 1.11% at the close of trade.

Q: Which company was the top performer?
A: Sacyr SA was the best-performing stock, with its shares rising 5.55%.

Source: Investing.com