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Spanish stock market falls 0.34 pct, closes at 11,054

Xinhua, March 10, 2015 Adjust font size:

Spain's benchmark stock market index Ibex-35 fell 0.34 percent on Monday to close at 11,054.20 points despite the optimism of early trading resulted from the purchase programme the European Central Bank (ECB) launched.

The ECB started buying public debt of euro zone countries on Monday which led Spain's 10-year bond interest rate to fall to an all-time low in early trading. The interest rate closed at 1.224 percent and Spanish risk premium at 97.1 points.

Banco Popular shares led falls on Monday losing 1.73 percent, followed by Indra A, BME, Amadeus and Telefonica that lost 1.67 percent, 1.67 percent, 1.39 percent and 1.35 percent respectively.

On the other hand, FCC shares rose 3.18 percent, followed by ArcelorMittal, OHL, Mediaset and Tecnicas Reunidas that climbed 1.77 percent, 0.98 percent, 0.95 percent and 0.86 percent respectively. Endit