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Spain's IBEX 35 Gains 1.14%, Led by Financial and Construction Stocks
Spain's benchmark stock index, the IBEX 35, finished Thursday's trading session with a solid gain, rising 1.14% to close in positive territory. The advance was broad-based, with rising stocks significantly outnumbering decliners on the Madrid Stock Exchange by a margin of 139 to 44, while 29 stocks ended unchanged.
Sector Strength Drives Gains
The rally was primarily driven by strong performance in several key sectors. According to market data, gains were led by the Consumer Goods, Financial Services & Real Estate, and Building & Construction industries, indicating investor confidence in areas tied to economic activity and consumer spending.
Leading the index higher were:
- Acciona (BME:ANA), which surged 3.04% to close at 250.60.
- Unicaja Banco SA (BME:UNI), adding 2.47% to end the day at 3.24.
- Banco de Sabadell SA (BME:SABE), which rose 2.42% to finish at 3.18.
AdLaggards and Broader Markets
Despite the positive close, some notable stocks faced downward pressure. Technology and telecommunications firms were among the session's worst performers, with Indra A (BME:IDR) falling 2.23%. Cellnex Telecom SA (BME:CLNX) declined 2.18%, hitting a 5-year low, while Telefonica (BME:TEF) slipped 0.97%.
In the broader markets, commodity prices showed mixed results. Gold Futures for August delivery rose 1.35% to $4,137.62 a troy ounce. In contrast, energy prices fell, with Crude oil for August delivery down 1.86% to $72.15 a barrel. In currency markets, the EUR/USD was up 0.21% at 1.14, while the US Dollar Index Futures edged down 0.10% to 100.65.