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Uncertainty over Catalonia leads to bad day for shares on Spain's Ibex 35

Xinhua, September 12, 2015 Adjust font size:

The Spanish Ibex-35 stock market was closing to dropping to its lowest mark of 2015 as the week closed with another day of losses for share prices in Spain.

Uncertainly over the forthcoming Catalan elections, fermented by a massive turnout of pro-independence demonstrators in Barcelona saw share prices on Friday dropped by 1.23 percent to close on 9,737.90 points, meaning overall losses of 0.85 percent for the week.

Although it was a good day for construction companies such as FCC and OHL, whose share values rose by 2.64 and 2.41 percent respectively, Repsol and Telefonica shares had a bad day with losses of 2.57 and 2.37 percent, while Abengoa had over 7 percent knocked off its share values.

Meanwhile the risk premium experienced a very slight fall of 0.07 percent, while the value of the Spanish 10-year-bond stood at 2.11 percent. Endit