IBEX 35 Ends Flat as Sectoral Weakness Offsets Broader Gains

Spain's benchmark stock index, the IBEX 35, finished Tuesday's session nearly unchanged, closing down a marginal 0.07%. The slight decline came amid pressure from the construction and financial services sectors, even as the number of rising stocks on the broader exchange outnumbered decliners.

A Mixed Market Session

Weakness in several key industries weighed on the headline index. According to market data, the most significant downward pressure came from the Building & Construction, Chemical, Petroleum & Plastic, and Financial Services & Real Estate sectors.

Despite the index's negative close, market breadth on the Madrid Stock Exchange was positive. Advancing stocks outnumbered decliners by a margin of 101 to 89, with 22 issues ending the day unchanged, indicating a mixed performance not fully captured by the index's flat finish.

Top Movers

Several companies posted strong gains, bucking the index's trend. The top performers on the IBEX 35 included:

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• Cellnex Telecom SA (BME:CLNX), which rose 3.07% to close at 27.19.
• Amadeus IT (BME:AMA), which added 3.04% to end the session at 52.92.
• Logista (BME:LOG), which gained 2.56% to reach an all-time high of 36.92.

On the other end of the spectrum, the session's worst performers were led by renewable energy firm SOLARIA ENERGIA Y MEDIO AMBIENTE (BME:SLRS), which fell 4.80%. It was followed by real estate company Merlin Properties SA (BME:MRL), down 3.01%, and infrastructure firm Acciona (BME:ANA), which declined 2.39%.

Commodities and Currencies

In the broader markets, commodity prices saw significant movement. Crude oil futures fell sharply, with the September WTI contract dropping 4.82% to $78.63 a barrel and the October Brent contract declining 4.90% to $81.66 a barrel. Gold futures for August delivery also fell, losing 0.82% to trade at $4,043.40 a troy ounce.

In currency markets, the EUR/USD pair was up slightly by 0.24% to 1.14, while the US Dollar Index Futures traded 0.24% lower at 101.14.