Tuesday, March 29, 2016

The Spanish bag and veers slightly lower mid-session – Investing.com Spain

MADRID (Reuters) – The reversed midway through the session on Tuesday hikes with which resumed activity after the Easter break in a selective market

. values ​​greater weight tacked to red, particularly in the banking sector, leading to selective negative territory.

“the index has tried unsuccessfully to climb in the area of ​​8,900 points and since then have left sales selective “said a trader

All listed banks -. with a combined weight greater than 27 percent – were trading in negative, with declines ranging from 0.2 to 1.6 percent in context where the sector in Europe leaving 0.6 percent.

Other great values ​​such as Telefonica (MC :) Iberdrola (MC :) or Repsol (MC :) contributed to the change in tone while Inditex (MC :) limiting the fall to bring a slight rise.

But the value of selective star was the builder OHL (MC :), with a rise of more five percent once the long judicial process affecting its Mexican subsidiary was closed.

Although the regulator imposed penalties for the company 71.7 million pesos (4.1 million dollars) for inconsistencies in its accounting practices, determined that there was fraud or fraud in their behavior.

Outside the Ibex, the most liquid shares of Abengoa (MC :) celebrated with a higher rise to 25 percent accession 75 percent of creditors needed to avoid for the moment a bankruptcy process.

at 1220 local time, the Ibex-35 fell 18 points, or 0.2 percent to 8771.8.

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