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Spanish stock market falls 3.62 pct after Spain's general elections

Xinhua, December 22, 2015 Adjust font size:

The Spanish stock market index Ibex-35 fell 3.62 percent on Monday closing at 9,365.80 points, down from the 9,717.10 points of Friday, after Spain's general elections held on Sunday when the ruling People's Party lost absolute majority causing uncertainty about the future.

Spain's Prime Minister Mariano Rajoy said the People's Party was still the first political force in the country and he said they will try to form a government.

On Monday session, Caixabank shares led falls losing 7.44 percent, followed by AENA, Banco Popular, Merlin, Endesa and Bankia that lost 7.02 percent, 6.90 percent, 6.64 percent, 5.30 percent and 5.20 percent respectively.

IAG shares also fell losing 0.25 percent, as well as FCC, Amadeus, Sacyr, DIA and Ferrovial that lost 0.36 percent, 0.76 percent, 1.32 percent, 1.40 percent and 1.43 percent respectively.

Spain's risk premium rose from the 114 points of Friday to the 124.60 points of Monday closing time while Spain's 10-year bond interest rate closed at 1.79 percent, slightly above the 1.69 percent of Friday. Endit