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Spain stocks lower at close of trade; IBEX 35 down 12.35%

Published 06/24/2016, 12:35 PM
© Reuters.  Spain stocks lower at close of trade; IBEX 35 down 12.35%

Investing.com – Spain stocks were lower after the close on Friday, as losses in the Financial Services & Real Estate, Consumer Services and Telecoms & IT sectors led shares lower.

At the close in Madrid, the IBEX 35 lost 12.35% to hit a new 3-months low.

The best performers of the session on the IBEX 35 were FCC (MC:FCC), which fell 0.45% or 0.034 points to trade at 7.556 at the close. Meanwhile, Viscofan (MC:VIS) fell 2.04% or 1.010 points to end at 48.610 and Tecnicas Reunidas (MC:TRE) was down 3.55% or 0.935 points to 25.385 in late trade.

The worst performers of the session were Int.Airl.Grp (MC:ICAG), which fell 26.86% or 1.843 points to trade at 5.018 at the close. Bankia (MC:BKIA) declined 20.78% or 0.149 points to end at 0.568 and Banco Santander (MC:SAN) was down 19.89% or 0.840 points to 3.384.

Falling stocks outnumbered advancing ones on the Madrid Stock Exchange by 197 to 7 and 6 ended unchanged.

Shares in Int.Airl.Grp (MC:ICAG) fell to 52-week lows; down 26.86% or 1.843 to 5.018. Shares in Bankia (MC:BKIA) fell to 52-week lows; losing 20.78% or 0.149 to 0.568.

Gold for August delivery was up 4.49% or 56.75 to $1319.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 4.77% or 2.39 to hit $47.72 a barrel, while the August Brent oil contract fell 4.79% or 2.44 to trade at $48.47 a barrel.

EUR/USD was down 2.28% to 1.1124, while EUR/GBP rose 6.55% to 0.8152.

The US Dollar Index was up 2.36% at 95.53.

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