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Spanish stock market rises 1.1 pct on Wednesday

Xinhua, March 12, 2015 Adjust font size:

Spain's benchmark stock market index Ibex-35 rose 1.1 percent on Wednesday to close at 11,021.80 points, up from the 10,902.2 points of Tuesday.

Gamesa shares led rises by climbing 3.35 percent, followed by IAG, BME, Banco Popular, Banco Santander and BBVA that rose 3.33 percent, 2.64 percent, 2.63 percent, 1.50 percent and 1.31 percent, respectively.

On the other hand, Abengoa B shares led falls by losing 1.79 percent, followed by OHL, Tecnicas Reunidas, Repsol, Abertis, Sacyr and Red Electrica that lost 0.82 percent, 0.49 percent, 0.36 percent, 0.09 percent, 0.07 percent and 0.07 percent, respectively.

Spain's risk premium stood at 95.40 points on Wednesday closing time while Spain's 10-year bond interest rate fell to an all time low 1.137 percent, due to purchases of public debt by the European Central Bank (ECB), which generated optimism in financial markets. Endit