Spain stocks higher at close of trade; IBEX 35 up 0.50%

Investing.com – Spain stocks were higher after the close on Thursday, as gains in the Consumer Services, Chemical, Petroleum & Plastic and Telecoms & IT sectors led shares higher.

At the close in Madrid, the IBEX 35 gained 0.50% to hit a new 5-year high.

The best performers of the session on the IBEX 35 were Indra A (BME:IDR), which rose 4.54% or 1.34 points to trade at 30.88 at the close. Meanwhile, Mapfre (BME:MAP) added 2.66% or 0.09 points to end at 3.47 and Cellnex Telecom SA (BME:CLNX) was up 2.57% or 0.83 points to 33.14 in late trade.

The worst performers of the session were Unicaja Banco SA (BME:UNI), which fell 1.71% or 0.03 points to trade at 1.90 at the close. Banco de Sabadell SA (BME:SABE) declined 1.10% or 0.03 points to end at 2.71 and Repsol (BME:REP) was down 1.06% or 0.13 points to 11.63.

Rising stocks outnumbered declining ones on the Madrid Stock Exchange by 130 to 67 and 19 ended unchanged.

Shares in Indra A (BME:IDR) rose to all time highs; rising 4.54% or 1.34 to 30.88. Shares in Mapfre (BME:MAP) rose to 5-year highs; gaining 2.66% or 0.09 to 3.47.

Gold Futures for June delivery was up 1.00% or 31.81 to $3,220.11 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 2.38% or 1.50 to hit $61.65 a barrel, while the July Brent oil contract fell 2.35% or 1.55 to trade at $64.54 a barrel.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

EUR/USD was unchanged 0.09% to 1.12, while EUR/GBP unchanged 0.14% to 0.84.

The US Dollar Index Futures was down 0.15% at 100.72.

Is REP truely undervalued?

With REP making headlines, investors are asking: Is it truly valued fairly? InvestingPro's advanced AI algorithms have analyzed REP alongside thousands of other stocks to uncover hidden gems with massive upside. And guess what? REP wasn't at the top of the list.

Unlock ProPicks AI