Spanish Stock market ends week with losses as investors prepare for summer holidays
Xinhua, July 25, 2015 Adjust font size:
Spain's Ibex-35 Stock market ended the week with losses as many investors decided to recover benefits before many of them begin their summer holidays next week.
The Ibex finished 1.16 percent down, ending the day on 11,309.30 points after starting trading on 11,405.40 points.
Friday saw shares of the majority of the companies on the Ibex-35 lose their value, with just three companies: Aena, Endesa and Amadeus seeing their share value increase.
Meanwhile Abengoa, Mapfre and Banco Sabadell were the day's big losers as their shares fell by 7.43, 6.73 and 5.78 percent respectively.
The risk premium fell by 0.5 points to 120.5 points, while the interest on the Spanish 10-year bond ended trading at 1.9 percent.
The overall value of the Ibex-35 dropped by 1.5 percent over the week as a whole, once again as many traders prepare for the holiday period, perhaps remembering recent Augusts have been unstable in the markets. Endit