Spanish shares starts 2017 trading with gains
Xinhua, January 3, 2017 Adjust font size:
Spanish stocks opened the year with optimism and gains of 0.71 percent on Monday, the first trading day of 2017.
The benchmark Ibex-35 began the first trading day at 9,352.10 points and ended on 9,432.60 points, crossing the 9,400 point barrier.
Every company except two made gains in the day which reflected the moderate level of optimism surrounding the Spanish economy at the start of 2017 following a 2016 marked by political uncertainty.
Of the two companies which failed to see an increase in share prices, Mapfre saw shares remain level, while Tecnicas Reunidas saw a minor loss of 0.19 percent.
Banco Popular, IAG and supermarket chain, DIA, were the main winners in the day with increases of 3.27, 2.50 and 2.36 percent, respectively.
Meanwhile, the Risk Premium rose slightly to 114 points, while interest on the 10-year-bond ended the day at 1.33 percent. Endit