Spanish stock market opens falling 3.04 pct after Spain's general elections
Xinhua, December 21, 2015 Adjust font size:
The Spanish stock market index Ibex 35 fell 3.04 percent in early trading after Spain's general elections on Sunday that left the most fragmented Congress of Deputies in Spanish history.
Spanish Prime Minister Mariano Rajoy and his party, the People's Party, was the biggest political force in the elections but lost absolute majority in the congress. They lost 63 seats in congress and 3.7 million votes.
The main opposition party, the Socialists, won 90 seats, followed by left-wing Podemos and center-right Citizens with 69 and 40 seats respectively.
On Monday morning the Ibex 35 fell below the 9,500 points mark, down from the 9,717.10 points of last Friday, when the index fell 1.63 percent.
Spain's 10-year bond interest rate climbed to 1.8 percent from the 1.6 percent of Friday, while Spain's risk premium rose to 129.15 points from the 114.70 points of Friday.
On Monday morning FCC shares led falls losing 5.75 percent, followed by Endesa, AENA, Sacyr, Banco Santander, Banco Popular and Ferrovial that lost 4.27 percent, 4.31 percent, 4.06 percent, 3.59 percent, 3.46 percent and 3.24 percent respectively. Endit