IBEX 35 Hits New All-Time High, Jumps 1.66%

Main Summary

The Spanish stock market concluded Friday on a strong positive note, with the benchmark IBEX 35 index advancing 1.66% to post a new all-time high at the close of trade.

Market Overview

Gains were broadly led by the Financial Services & Real Estate, Consumer Services, and Consumer Goods sectors. On the Madrid Stock Exchange, market sentiment was decisively positive, as rising stocks outnumbered declining ones by 124 to 68, while 16 stocks ended the session unchanged.

Key Market Movers

Among the top-performing stocks, Caixabank SA (BME:CABK) was the standout, surging 6.75% to also reach its own all-time high. Banco de Sabadell SA (BME:SABE) followed with a solid gain of 3.93%. On the other end of the spectrum, Laboratorios Farmaceuticos ROVI (BME:ROVI) was one of the session's biggest laggards, falling 0.83%.

Summary

The session highlighted strong bullish momentum in the Spanish market, driven by key financial and consumer-related equities that successfully propelled the main index into record territory.

FAQ

Q: Which index reached a new all-time high?
A: The IBEX 35, Spain's benchmark stock market index, closed at a new all-time high.

Q: Which sectors led the gains in the Spanish market?
A: The rally was led by the Financial Services & Real Estate, Consumer Services, and Consumer Goods sectors.

Source: Investing.com