Spanish stock market up 0.63 pct

Spain's benchmark stock market index Ibex-35 rose 0.63 percent on Wednesday to close at 11,778.40 points, up from the 11,704.40 points of Tuesday.

OHL shares led rises climbing 3.78 percent, followed by ArcelorMittal, Caixabank, Bankinter and Tecnicas Reunidas which rose 2.76 percent, 2.30 percent, 1.89 percent and 1.13 percent respectively.

On the other hand, DIA shares led falls losing 1.58 percent, followed by IAG, Abengoa, Red Electrica and Amadeus which lost 1.55 percent, 0.69 percent, 0.50 percent and 0.44 percent respectively.

Meanwhile, Spain's risk premium stood at 116.8 points on Wednesday at closing time without major variations during the trading session, and Spain's 10-year bond interest rate stood at 1.274 percent by the end of session, falling from the 1.32 of early trading.

The day was marked by the European Central Bank meeting (ECB) announcement that interest rates would remain at 0.05 percent. The ECB's president, Mario Draghi, also suggested Spain implement additional measures in order to create more job opportunities, although he stressed that Spain's economy was already recovering.

Wednesday also saw Spain's Prime Minister Mariano Rajoy praise the performance of Spain's economy. He said the country was on the right path to meeting the 2015 deficit target agreed on with Brussels while highlighting the low yields of Spanish bonds in recent auctions. Endit