The Ibex extends losses in afternoon trading, with Natural Gas penalized – Investing.com Spain

MADRID (Reuters) – delved falls on Wednesday afternoon trading driven by the weakness of the banking sector, while Natural Gas (MC penalized looked after announcing a weak quarterly results.

the gas, which also presented a strategic plan in line with expectations by analysts, was the worst value of the Spanish selective (-3.7 percent) after announcing a fall of its profits to March by the impact of foreign exchange in Latin America, the pool prices in Spain and weakness in the liberalized business

One day, the weakness of the banking sector, with declines of 2 percent in BBVA (MC.: ) and 1.1 percent in Santander (MC :), dragged selective in the morning when Liberbank (MC announced a fall of 33.1 percent of its attributable profit in the first three months of the year to 38 million euros.

“it has become the weakness in banking and that heavy. Some results as Natural Gas have not been quite right but do not have much weight in the selective”, Jesus said Blas analyst Mercagentes.

“There is disappointment in the market. We have lost the optimism of two weeks ago, short-term there are only elements that support uncertainty, as elections in Spain, or the British referendum, “he said.

Among the other ‘blue chips’ Telefonica ( MC and Iberdrola (MC also were down 1, 4 percent, Repsol (MC was down 1.3 percent, while Inditex (MC was left 0.9 percent.

at 1155 hours, the Ibex-35 fell 1.16 percent to 8,673.5 points, while the index of large European values ​​FTSE was down 0.63 percent to 1,313.05.

Among the few stocks that avoided the red steelmaker Arcelor Mittal was (MC :), returning to placed in front of the table with an advance of 2.6 percent bouncing back after recent cuts, and wind Gamesa (MC :), which was up 1 percent.

in the bond market, the risk premium on Spanish debt relative to Germany it stood at 149 basis points, with the yield of 10-year bond at 1.61 percent, after giving the Spanish Treasury mandate to issue a syndicated 50-year bond.

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