The Spanish equity market started the session with a modest gain of 0.28 percent, nudging the index higher to around 8,400 points according to market data. This early move kept the Ibex 35 on a cautious ascent as investors weighed domestic catalysts against global price pressures.
Over the course of the nine previous sessions, the Ibex 35 advanced by 23.8 points, moving from a 0.28 percent gain to a level near 8,424.2. The year-to-date performance improved to a net decline of roughly 3.33 percent as trading began. Market participants noted a steady appetite for selective names that have driven recent activity, with positive momentum persisting in several large-cap issues.
Among the blue chips, most of the leading stocks traded higher. Banco Bilbao Vizcaya Argentaria rose 0.48 percent, Repsol advanced 0.47 percent, Iberdrola added 0.42 percent, Banco Santander ticked up 0.21 percent, Telefónica gained 0.19 percent, and Inditex posted a 0.12 percent increase. Investors highlighted steady support across sectors, with financials and energy producers contributing to the day’s broad-based gains.
In the early rounds of negotiations at the Plaza de la Lealtad, momentum favored several Ibex 35 components. Fluidra led gains with a 0.91 percent rise, Acciona climbed 0.88 percent, and Naturgy advanced 0.71 percent as investors reassessed growth and earnings prospects for these groups [Market data attribution].
On the negative side, some stocks opened the day lower. Colonial fell 0.82 percent, Caixabank declined 0.43 percent, and Indra slipped 0.41 percent as risk parameters and sector rotation weighed on specific names [Market data attribution].
Within the banking sector representatives of the Ibex 35, Santander and BBVA posted increases of 0.11 percent and 0.10 percent respectively. Sabadell and Bankinter rose 0.03 percent and 0.24 percent, reflecting modest improvement in lender sentiment and the ongoing consolidation in European financials [Market data attribution].
The rest of the major European benchmarks opened the day with gains as well. The FTSE 100 in London moved up 0.46 percent, the CAC 40 in Paris gained 0.42 percent, and the DAX in Frankfurt rose 0.41 percent, signaling a broadly positive mood across the continent as investors digest corporate news and macro data updates [Market data attribution].