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Spanish stock market rises 1.7 pct, closes at 11,431 points

Xinhua, May 28, 2015 Adjust font size:

Spain's benchmark stock market index Ibex-35 rose 1.7 percent on Wednesday to close at 11,431.10 points, up from the 11,240.30 points of Tuesday.

The rise was due to better expectations about an agreement over the debt of Greece that had also an impact on Spain's risk premium that fell from the 132.1 points of Tuesday closing time to the 126 of Wednesday.

Meanwhile, Spain's 10 year bond interest rate stood at 1.8 percent by the end of the session showing no major variations with Tuesday.

Abengoa shares led rises on Wednesday session climbing 3.95 percent, followed by IAG, Inditex, Bankia and Mapfre that rose 3.14 percent, 2.76 percent, 2.63 percent and 2.30 percent respectively.

On the other hand, OHL led falls losing 3.01 percent. Endit