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Madrid, the Stock Exchange opens in strong red after the elections

The Ibex 35 index opened nearly 3% down and is now paring some losses. Hardest hit are banking and energy stocks

Madrid, the Stock Exchange opens in strong red after the elections

The Madrid Stock Exchange opens in deep red (-2,68% at 9.457) the day after the election on Sunday. It is the only one in Europe where the price lists all mark a positive start. It is the uncertain result that came out of the polls and the difficulties for the formation of the new government that are pushing the sales. All the securities of the Ibex 35 are down, but the credit and energy sectors are particularly affected. La Caixa loses 4,84%, Banco Santander 3,47% and is currently the most traded stock.

Enagas (-3,57%) and Endesa (-4,49%) also fell sharply. Gas Natural loses 3,07%.

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