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Ibex-35 all but recovers 2016's losses in first two days of 2017 trading

Xinhua, January 4, 2017 Adjust font size:

The first two days of trading of the 2017 on the Ibex-35 stock exchange have all but wiped away the 2 percent loss in share values from 2016.

Tuesday's trading saw a rise of 0.81 percent in share values to add to the 0.71 percent rise from Monday.

The value of the Ibex-35 has now risen by a total of 1.52 percent in just two days to leave the Ibex-35 standing on 9,494.70 points after starting the year on 9,353.10 points.

Spain's banks maintain their positive trend of recent days with Bankia (4.28 percent), Banco Sabadell (3.28 percent) and Caixabank (3.10 percent) among those showing the biggest increase in share values on Tuesday.

The rise in energy prices at the start of the new year may have been responsible for the losses suffered by Red Electrica (2.12 percent) and Energas (1.61 percent).

Meanwhile Spain's Risk Premium climbed by 0.52 percent to 115.6 percent, while the interest on the 10-year-bond ended the day at 1.42 percent, up from Monday's 1.33 percent. Endit