Spanish stock market rises 0.68 pct, closes at 11,064 points
Xinhua, February 25, 2015 Adjust font size:
Spain's benchmark stock market index Ibex-35 rose 0.68 percent on Tuesday to close at 11,064.50 points, up from the 10,990.10 of Monday.
Acciona shares led rises climbing 3.73 percent, followed by Abengoa "B", Sacyr, Banco Popular and Iberdorla that rose 3.41 percent, 2.81 percent, 2.67 percent and 2.38 percent respectively.
On the other hand, Amadeus shares led falls losing 2.06 percent followed by Grifols, Indra A, Gamesa and Bankia that lost 1.15 percent, 1.03 percent, 0.77 percent and 0.48 percent respectively.
Meanwhile, Spain's risk premium stood at 102.40 points on Tuesday closing time and Spain's 10-year bond interest rate stood at 1.39 percent.
The day was marked by the negotiations of Europe's finance ministers about Greek debt who have finally reached an agreement that spread positivism in financial markets. Finance ministers approved a reform plan presented by Greece to be implemented by the end of June and Greece secured an extension of its bailout.
On the other hand, the Spanish treasury successfully placed on Tuesday 2.515 billion euros (2.851 billion U.S. dollars) on the market paying lower interest rates than in previous auctions.
Meanwhile, Spain's Prime Minister Mariano Rajoy raised the country's economic forecast for 2015 from a 2 percent GDP growth to 2.4 percent. Endit