Economy

IBEX 35 falls 4% in October, closing at its lowest level since June

Spain’s benchmark index posted its second consecutive monthly decline after a week marked by corporate earnings reports and a railway accident in Urda, Toledo.
IBEX 35 falls 4% in October, closing at its lowest level since June

This week, the IBEX fell 1.77% after starting with several gains and recovering the 19,000-point level, but it posted declining sessions from Wednesday onward, including a 1.09% drop this Friday.

Spain’s benchmark index ended with 22 stocks in negative territory and 13 in positive territory. The biggest decliners were Acerinox (-5.47%), Solaria (-5.1%), Santander (-3.75%) and BBVA (-3.7%). On the positive side, Repsol posted the strongest gain at 4.49%, followed by Grifols, which rose 2.81%, and Puig, up 1.9%.

Among the IBEX’s major companies, BBVA and Santander were joined by Inditex (-0.24%) in posting declines, while Iberdrola (+0.36%) and CaixaBank (+0.31%) recorded gains.

About this article: Originally published in Spanish by AragonDigital.es and—following a selection process by our journalists—made available to the international audience of AragonDaily.com. Both newspapers belong to companies within the ARAGON DIGITAL GROUP.