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Spanish stock market rises 0.29 pct, closes at 11,452 points

Xinhua, March 24, 2015 Adjust font size:

Spain's benchmark stock market index Ibex 35 rose 0.29 percent, or 33.20 points, on Monday to close at 11,452.80 points.

Indra shares led rises climbing 4.02 percent followed by FCC, Bankinter, Banco Popular and BME that rose 3.83 percent, 2.87 percent, 2.77 percent and 2.47 percent respectively.

On the other hand, Bankia shares led falls losing 0.96 percent, followed by Iberdrola, IAG, Inditex and ArcelorMittal that lost 0.90 percent, 0.58 percent, 0.56 percent and 0.56 percent respectively.

Spain's risk premium stood at 105 points on Monday closing time and Spain's 10-year bond interest rate stood at 1.25 percent.

Monday's session was marked by regional elections held on Sunday in the southern region of Andalusia. The Socialist Party (PSOE) won the elections for the Regional Parliament followed by Spain's ruling party Popular Party.

Meanwhile, Monday also saw the European Commission (EC) and European Central Bank (ECB) warn Spain that there are still significant imbalances in the country despite its economic growth, namely the high public debt and the high unemployment rate. They asked Spanish government to implement additional measures, especially within Spain's labor market. Endit