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Spanish stock market falls 2.98 pct, closes at 10,271 points

Xinhua, August 22, 2015 Adjust font size:

Spanish stock market index Ibex 35 fell 2.98 percent on Friday to close at 10,271.70 points, down from the 10,587 points of Thursday.

Share values were down 5.6 percent in the week as a whole with Spain's risk premium rising from the 132.30 points of Monday to the 144.60 points of Friday closing time. Spain's 10-year bond interest rate stood at 2.010 percent on Friday, slightly above the 1.9 percent of the beginning of the week.

The week was marked by the Yuan devaluation that created tensions within financial markets due to fears of a currency war, but also by the political situation in Greece, whose Prime Minister, Alexis Tsipras, resigned and called for elections.

On Friday session, only Abengoa "B" shares rose, climbing 2.60 percent, while the rest fell with IAG shares leading falls losing 4.34 percent. It was followed by Grifols, ArcelorMittal, Gas Natural, Mapfre and Banco Sabadell that lost 4.25 percent, 3.87 percent, 3.54 percent, 3.52 percent and 3.50 percent respectively. Endit