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Strong Afternoon Session Lifts Ibex-35 Over 10,700 Point Mark
 

A strong afternoon session on Tuesday saw Spain's Ibex-35 stock exchange pass the 10,700 mark and reach its highest level since June 21.

That means the Ibex-35, which opened on Tuesday on 10,674.40 points, has enjoyed four consecutive days of positive trading as it closed on 10,734.70 points -- a rise of 0.55 percent on the day.

Along with the rest of Europe's stock markets, the Ibex-35 was propelled by the continued positive results from Wall Street, which helped to boost share values during the afternoon.

Good news regarding growth in the Spanish housing market, which has saw a 13.2 percent rise in house sales in the first half of 2017 when compared with 2016, also provided a boost, although news of slightly lower than expected levels of imports and exports from China in July did provoke some worries that internal demand in the Asian giant could be slowing down.

Enagas, Acerinox and Telefonica saw the biggest gains in share values over the day, with solid if not spectacular rises of 1.72, 1.54 and 1.23 percent respectively.

Only seven companies on the Ibex saw a fall in share prices, with Inmobilaria Colonial seeing 0.95 percent knocked off its share prices, mainly due to a recuperation of profits, while Tecnicas Reunidas suffered a second day of losses after Friday's positive trading.


(www.chinaview.cn 2017-08-09)
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