Ibex-35 sees shares fall in wake of Catalan election
Xinhua,December 23, 2017 Adjust font size:
MADRID, Dec. 22 (Xinhua) -- The last day of trading before the Christmas holiday on the Spanish Ibex-35 stock exchange saw losses of 1.19 percent in share values on Friday.
The losses came in the wake of the uncertainty caused by the results of Thursday's elections for the Catalan regional assembly which saw separatist parties win enough seats to form a majority coalition government.
The Ibex-35 opened trading on 10,304.60 points and closed on 10,182.00, the heaviest day of losses since Dec. 1.
The majority of companies suffered losses, but among those who had the best results were energy company Endesa with a 1.23 percent rise in share prices. Pharmaceutical and healthcare company, Grifols also saw a 0.55 percent increase in value, while the Melia hotel chain saw share values increase by 0.35 percent.
The Catalan banks Caixabank and Banco Sabadell suffered the heaviest losses, with 3.60 percent and 3.43 percent knocked off their respective share values, while Media company, Mediaset share lost 2.39 percent of their worth. Enditem