The Spanish stock market has fallen 0.83% this Wednesday and lost 10,300 points, its worst day so far in September, brought down mainly by the banking sector. While waiting to find out the conclusions of the meeting of the Federal Reserve in the USA, the police forces' besieging of Catalonia shook the trading floor earlier than expected. The market's main selective index, the Ibex 35, led European losses in dropping 86.30 points, 0.83%, to 10,292.10, which reduces its annual accumulation to 10.0%. In turn, the Spanish risk premium rose to 111.7 points, with the rate of return of the bonds after ten years at 1.461%.
The worst hit were civil engineering firm ACS and banking group Banc Sabadell, which dropped almost 4%. ACS was down 3.8%, to 30.97 euros per stock, after publishing information about the possibility that there will be a meeting this Wednesday of the administration council of Hochtief, a subsidiary of ACS, to analyse the potential launch of a take-off bid for Abertic to compete with the one from the Italian firm Atlantia. In the end, Hochtief didn't not discuss the matter.
As for the Catalan bank, they dropped 3.77%, to 1.73 euros per bond, followed in dropping by CaixaBank, with a less notable fall of 1.91%. Also to fall were IAG (-1.83%), Acciona (-1.67%), Grifols (-1.49%), Dia (-1.42%), Endesa (-1.31%) and Mapfre (-1.18%), as with the rest of the banking sector: BBVA (-1.09%), Santander (-0.88%), Bankinter (-0.77%) and Bankia (-0.37%).
Negative and red
Practically everything closed the day down and in red, as only seven companies ended higher than they began, led by steel manufacturers ArcelorMittal, which grew 1.56% (22,69 euros per stock). Also closing up were Acerinox (+0.83%), Mediaset (+0.73%), Técnicas Reunidas (+0.71%), Repsol (+0.55%), Amadeus (+0.16%) and Siemens Gamesa (+0.04%).
As for the main European stock exchanges, only the British trading floor shared the negative trend with the Spanish one, although it closed almost even (-0.05%). Frankfurt and Paris similarly saw days with no serious movement, but did end the day positively, up 0.06% and 0.08% respectively. The conclusions of the US meeting will come out after the world markets have closed for the day, though analysts don't expect changes in interest rates. It could, however, mention something about starting to reduce its balance of Treasury bonds. It remains to be seen how the situation in Catalonia will develop and how this will continue affecting the Spanish stock market.