The Ibex closed the session with slight upward facing Greece – Terra Peru

The Ibex-35 Spanish stock market ended Monday with minor increases in volatile day of low volume and no major economic references in which the market was pending negotiations on Greece.

The Ibex-35 Spanish stock market ended Monday with minor increases in volatile day of low volume and no major economic references in which the market was pending negotiations on Greece. In the picture, the Greek prime minister, Alexis Tsipras, in Athens on 15 May 2015.

Photo: Alkis Konstantinidis / Reuters

The European Commission denied that President Jean-Claude Juncker had made a new proposal to Greece, while the chief EU Monetary Affairs, Pierre Moscovici, He said Greece was being “more constructive” in negotiations.

The precarious finances of the country and its resistance to address reforms suggest, according to the International Monetary Fund (IMF), which Greece could struggle to pay the debt in June, prompting investors to sell Greek bonds.

The Ibex-35 ended with an advance of 0.24 percent to 11,345 points, while the pan-European FTSEurofirst 300 gained 0.38 percent to 1579.1 percent.

“There has been much throughout the day, but the market has been recovering after starting downward, driven securities that behave very well recently as Tecnicas Reunidas or BME,” said Ivan Sanfélix Reuters, an analyst at Renta 4.

Tecnicas Reunidas, specializing in oil and gas infrastructure was more value rose with an increase of 4.98 percent, also benefited from improved price by Natixis and in a context of rising oil prices on tensions in the Middle East.

Among the values ​​upward BME also highlighted, with a rise of 1.9 percent, Mapfre, which added 1.6 percent, or AC, with an increase of 1.5 percent. The construction firm OHL won the closing 1.3 percent.

Indra was back among the worst values ​​of selective, losing 0.5 percent after falling more than 10 percent in the past five days after posting disappointing quarterly results and cancel dividend and waiting for its new strategic plan on 8 July.

ArcelorMittal was down 2.5 percent, the value biggest loser on the floor, having accumulated in the last five sessions a rise of 10.5 percent. Let also feel the 0.4 percent declines suffered by Santander and BBVA.

In line with the losses in the European financial sector, Sabadell and Popular Bank lost 0.3 percent and 0.02 percent respectively.

Among other high weighting values, the Repsol oil reversed opening gains and lost 0.3 percent, while Telefonica gained 0.4 percent after trading down for much Inditex session and gained 1.2 percent.

In the bond market, the risk premium on Spanish debt to 10 years compared to its German counterpart stood at 119 basis points, with Spanish bond yields in the 1.85 percent.