Overview of the Market#
Spain's stock market ended lower on Friday, with the IBEX 35 index falling by 1.14%. This decline marks a new three-month low for the index, driven by losses in several key sectors including Chemicals, Petroleum & Plastics, Building & Construction, and Telecommunications & IT.
Notable Gainers#
Despite the overall downturn, a few stocks managed to gain ground. SOLARIA ENERGIA Y MEDIO AMBIENTE saw an increase of 1.14%, closing at 22.18. International Consolidated Airlines Group S.A. rose by 0.68% to end at 4.00, while Redeia Corporacion SA increased by 0.27%, closing at 14.92.
Major Losers#
On the other hand, several stocks faced significant losses. Cellnex Telecom SA dropped by 5.31%, trading at 25.69. Merlin Properties SA declined by 2.58%, closing at 13.57, and Ferrovial saw a decrease of 2.53%, ending at 53.20. Overall, declining stocks outnumbered rising ones by 126 to 49, with 27 stocks remaining unchanged on the Madrid Stock Exchange.
Commodity and Currency Updates#
In the commodities market, Gold Futures for April delivery fell by 0.24%, settling at $4,594.54 per troy ounce. Crude oil prices saw an increase, with May delivery rising by 2.55% to $97.99 per barrel, while the May Brent oil contract increased by 1.66% to $110.45. In currency trading, the EUR/USD remained stable at 1.16, and the EUR/GBP was unchanged at 0.87. The US Dollar Index Futures rose by 0.26%, reaching 99.32.