The Ibex loses steam at the end, shines Natural Gas – Investing.com Spain

MADRID (Reuters) – The Spanish stock market closed the first session of September with a slight rise thanks to yank the banking and Gas Natural (MC after Repsol (MC: ) and Criteria announced that it is negotiating the joint selling about 20 percent of the gas.

the index, which reached 8884.9 points touch, lost strength as the day progressed Thursday for close below the 8,800 whole, following the trend of other markets, which began to weaken after a bad macroeconomic data in the United States.

“The weak data ISM in the US, with a reading below 50, has made the market begins to turn around and lose the ground gained in the morning,” said Sonia Late analyst CM Capital Markets.

In this context, it rose 0.53 percent to 8,762.8 points, while the pan-European index dropped 0.16 percent to 1,350 points.

the Gas Natural shares were the protagonists of the day, after announcing Repsol and Criteria studying sell 20 percent, in an operation that would allow the oil to reduce debt and banking group improve their adjusted solvency levels.

Natural Gas closed up 3 percent, while Repsol gained 1.1 percent and CaixaBank (MC :), owned by Criteria, closed flat.

banks recorded increases of between 0.3 and three percent, with rises of 0.5 percent in Santander (MC and 0.4 percent in BBVA (MC.)

the biggest blue chip, Inditex (MC won 0, 1 percent and Telefonica (MC :), another heavyweight shut up.

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