Spanish shares dropped on Wednesday, with the benchmark Ibex-35 down 0.16 percent or 16.8 points, to close at 10,506.70 points.

Electricity supplier R.E.C. was down 3.73 percent, followed by world's leading retailer Inditex and gas natural infrastructure company Enagas that lost 1.95 percent and 1.52 percent respectively.

Steel manufacturing corporation ArcelorMittal advanced 2.90 percent, being the top gainer of the blue chips. Stainless steel manufacturer Acerinox was up 2.55 percent and infrastructure company ACS rose 1.93 percent respectively.