Spain stocks lower at close of trade; IBEX 35 down 2.75%

06/12/2018 17:35:00 Stock Market

Spain stocks were lower after the close on Thursday, as losses in the Financial Services&Real Estate, Building&Construction and Telecoms&IT sectors led shares lower.

At the close in Madrid, the IBEX 35 lost 2.75% to hit a new 1-month low.

The best performers of the session on the IBEX 35 were Merlin Properties SA (MC:MRL), which rose 0.54% or 0.06 points to trade at 11.10 at the close. Meanwhile, Aena SME SA (MC:AENA) added 0.25% or 0.35 points to end at 140.50 and Inmobiliaria Colonial SA (MC:COL) was down 0.06% or 0.005 points to 8.540 in late trade.

The worst performers of the session were Distribuidora Intl de Aliment (MC:DIDA), which fell 9.37% or 0.056 points to trade at 0.540 at the close. ArcelorMittal SA (MC:MTS) declined 5.97% or 1.202 points to end at 18.928 and Cie Automotive (MC:CIEA) was down 5.87% or 1.280 points to 20.540.

Falling stocks outnumbered advancing ones on the Madrid Stock Exchange by 143 to 23 and 22 ended unchanged.

Shares in Distribuidora Intl de Aliment (MC:DIDA) fell to all time lows; losing 9.37% or 0.056 to 0.540. Shares in ArcelorMittal SA (MC:MTS) fell to 52-week lows; down 5.97% or 1.202 to 18.928. Shares in Cie Automotive (MC:CIEA) fell to 52-week lows; losing 5.87% or 1.280 to 20.540.

Gold Futures for February delivery was up 0.27% or 3.40 to $1246.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 3.31% or 1.75 to hit $51.14 a barrel, while the February Brent oil contract fell 3.41% or 2.10 to trade at $59.46 a barrel.

EUR/USD was up 0.38% to 1.1387, while EUR/GBP fell 0.06% to 0.8904.

The US Dollar Index Futures was down 0.35% at 96.675.