Spanish stock market rises 0.81 pct, closes at 10,430 points

Spanish stock market index Ibex-35 rose 0.81 percent on Wednesday to close at 10,430.30 points, up from the 10,346 points of Tuesday.

Indra A shares led rises climbing 12.88 percent, followed by OHL, ArcelorMittal, FCC, Caixabank and Banco Sabadell that rose 3.18 percent, 2.82 percent, 2.81 percent, 2.35 percent and 2.34 percent respectively.

On the other hand, Abengoa "B" shares led falls losing 3.10 percent, followed by Tecnicas Reunidas, DIA, IAG and Acerinox that lost 2.27 percent, 2.26 percent, 0.51 percent and 0.44 percent respectively.

Meanwhile, Spain's risk premium stood at 157.70 points on Wednesday closing time, slightly below the 161.40 points on Tuesday.

The situation in Greece made the Spanish risk premium climb by several points over the last weeks passing from 120 points by the end of June to 144 a week after, while surpassing the 160 points after the referendum.

Spain's 10-year bond interest rate stood at 2.243 percent on Wednesday session, showing no big variations when compared with Tuesday.

Spain's Minister of Economy Luis de Guindos said on Wednesday that he was optimistic about the situation in Greece, at the same time he urged the Greek government to present the creditors "solid" proposals.

"We are always optimistic" he said, adding that "nobody wants Greece to leave the Euro, nobody wants 'Grexit', but rules must be respected as they are important for the Euro's survival", he said. Endit