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Spanish stock market ends week with slight gains

Xinhua, November 28, 2015 Adjust font size:

The Spanish IBEX 35 stock market closed with slight losses on Friday after a week which saw Abengoa became the biggest Spanish company to file for insolvency.

The IBEX started Friday's trading on 10,332.30 points and lost 0.28 percent of its trading. Friday marks the first day Abengoa shares had failed to be shown on the Index following its insolvency.

The day's trading proved to be volatile. It showed gains during the day, before a weak start on Wall Street.

It was not a good day for banks with Bankia, Caixa Bank, Santander, Sabadell, Banco Popular and the BBVA all seeing slight falls in share values. The day's biggest increases in price were registered in Gamesa, whose shares rose by 3.67 percent.

Despite the difficulties of the past two days, the IBEX-35 ended the week 0.21 percent higher than Monday. The Spanish risk premium fell by 1.21 percent to 105.7 points and the interest on the 10-year-bond stood at 1.51 percent. Endit