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Spanish stock market rises 1.01 pct

Xinhua, January 20, 2016 Adjust font size:

The Spanish stock market index Ibex-35 rose 1.01 percent on Tuesday to close at 8,554.90 points, up from the 8,469.30 points of Monday.

On Tuesday session, Gamesa shares led rises climbing 7.99 percent, followed by ArcelorMittal, Enagas, Amadeus, Gas Natural and Merlin that rose 5.88 percent, 2.74 percent, 2.65 percent, 2.60 percent and 2.40 percent respectively.

On the other hand, Banco Popular shares led falls losing 6.22 percent, followed by FCC, Banco Sabadell, Indra A, Caixabank and OHL that lost 4.02 percent, 3.47 percent, 3.21 percent, 1.72 percent and 1.54 percent respectively.

Meanwhile, Spain's risk premium closed at 115.20 points, falling from the 128 points of Monday, and Spain's 10-year bond interest rate closed at 1.7 percent, showing no differences when compared with Monday.

Tuesday session was marked by the auction carried out by the Spanish treasury, which was able to place 4.9 billion euros on the market at negative interest rates, and the International Monetary Fund (FMI) new forecasts that revised up its previous predictions for Spain to a 2.7 percent growth for 2016 and a 2.3 percent growth for 2017. Enditem