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Spanish stock market rises 0.05 pct, closes at 11,385 points

Xinhua, May 1, 2015 Adjust font size:

Spain's stock market index Ibex-35 rose 0.05 percent on Thursday, up from the 11,378.90 points of Wednesday.

Shares values were down 1.2 percent in April and 1 percent on the week as a whole, taking into account that Friday is holiday in Spain.

On Thursday session IAG shares led falls losing 3.56 percent, followed by BME, Indra, Abengoa, Dia and Iberdrola that lost 2.85 percent, 2.40 percent, 1.13 percent, 1.24 percent and 1.22 percent respectively.

On the other hand, Banco Popular led rises climbing 6.62 percent, followed by Banco Sabadell, Bankia, Caixabank and FCC that rose 3.10 percent, 3.06 percent, 2.09 percent and 2.05 percent respectively.

Spain's risk premium stood at 111 points on Thursday closing time, falling from the 115.9 points of Monday, while Spain's 10-year bond interest rate stood at 1.52 percent rising slightly from the 1.321 percent of Monday.

The week was marked by uncertainties about the future of Greece and its negotiations with the European Union as well as new predictions for Spain's economic growth.

Spain's Prime Minister Mariano Rajoy said the economy was expected to grow by 2.9 percent in 2015 while Spain's Statistical Office reported an advanced growth rate of 0.9 percent for the first quarter of the year. Endit