The stock market loses 1.71% and 8,800 points for taking profits

The Spanish Stock Exchange has lost 1.71% this Wednesday and the level of 8,800 points affected by the collection of part of the profits achieved the day before and by the decline in Wall Street, according to market data.

The reference index of the national stock market, the IBEX 35, has fallen 152.4 points, 1.71%, to 8,775 points. In the year it accumulates profits of 8.69%.

The Spanish stock market began the session with losses, conditioned by the drop in US futures and the change in trend of the barrel of oil (Brent, which approached 83.5 dollars with a rise of 1%), which incurred losses shortly after the stock market opening.

Spanish industrial production in August had risen less than expected, 1.8%, the opposite of retail sales in the euro zone with a rise of 0.3%.

The national stock market would lose 8,800 points and would be below that level for most of the session, following the evolution of US futures and the price of oil.

At the end of the day, due to the decline in most of the large stocks and the 1.7% drop in the price of a barrel of Brent oil to 81.1 dollars, it would not be able to recover 8,800 points.

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Of the great values, the drop of 4.57% of Inditex, the largest of the IBEX, stood out, while Repsol has yielded 2.25%; Telefónica 1.78%, BBVA 0.92% and Banco Santander 0.58%. Only Iberdrola has risen, 0.11%.

After Inditex, the second place for losses of the IBEX has corresponded to ArcelorMittal with a fall of 4.24%, while IAG has yielded 3.69%; Indra 3.37% and Meliá Hotels 3.01%.

Only three IBEX companies have made profits: Red Eléctrica 0.97%, Naturgy 0.37% and Ibedrola in last place.

In the continuous market, 1,228 million euros have been traded, with the falls led by Neinor Homes, down 4.68%, and Duro Felguera leading the losses with a rise of 16.52%.

The interest on long-term Spanish debt rose to 0.47% and the risk premium stood at 65.15 basis points.