Spain stocks lower at close of trade; IBEX 35 down 0.51%

Spain's stock market closed lower on Monday, with the IBEX 35 declining by 0.51%. The main drivers of the sell-off were losses in the Telecoms & IT, Financial Services & Real Estate and Building & Construction sectors. Despite this overall negative trend, some stocks managed to post gains. Repsol (BME:REP) saw a 1.92% increase, reaching 31.34 points, while Corporacion Acciona Energias Renovables SA (BME:ANE) and Grifols SA (BME:GRLS) rose by 1.55% and 1.52% respectively.

However, Caixabank SA (BME:CABK) suffered the biggest loss of the day, falling 2.76% to 12.86 points. Indra A (BME:IDR) and Cellnex Telecom SA (BME:CLNX) also saw declines of 2.43% and 2.42% respectively. There were 96 stocks that closed lower than they opened, compared to 85 that went higher, with 31 share prices remaining unchanged.

Cellnex Telecom SA (BME:CLNX) reached a 5-year low, closing at 23.41 points. Gold Futures for December delivery fell by 3.86% to $4,154.30 per troy ounce, while Crude oil for November delivery rose 2.37% to $94.60 and the December Brent oil contract was up 2.07% to $99.46. EUR/USD held steady at 1.14, EUR/GBP was unchanged at 0.86, and the US Dollar Index Futures rose by 0.23% to 100.94.