Monday, May 16, 2016

The bag reduces losses to close by selective purchases – Yahoo Finance Spain

MADRID (Reuters) – The Ibex-35 of the Spanish stock market closed Monday’s session low, although in the last stages of the session regained ground thanks to some selective purchases in specific values.

the initial rise in Wall Street and the cumulative decline in some companies allowed balance between ups and downs after that for much of the session just a couple of values ​​espaciasen red.

“We have seen some fresh money in securities that had been heavily punished and the bullish opening in New York has supported, although it has prevailed decline in a day without depth,” a trader said.

in a time of reduced activity by local holidays in Spain and Germany, the Dow ended down 39 points, or 0.45 percent, to 8,682 after reaching fall in the day to the 8,579. In Europe, the Eurofirst 300 lost 0.06 percent.

With 18 values ​​upward and downward 17, heavyweights Inditex, Santander and Telefónica prevented a reversal of trend, although their declines were limited to less than 0.2 percent.

Some of the banks, which have suffered particularly in recent days and even first thing in the morning, were among the winners, with increases of 0, 5 percent in BBVA or more than 0.7 percent in Popular, Bankinter and Bankia.

rising oil prices supported Repsol, which added 0.9 percent, and its shareholder Sacyr, whose punished shares recovered 3.5 percent.

Although accumulates near 12 percent rally since the year began, the wind turbine manufacturer Gamesa said with a rise of 1.25 . percent

ArcelorMittal rose more than two percent after recent strong punishment in a positive day for most of the values ​​related to raw materials in Europe

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