IBEX 35 closes 0.59 percent higher at 19,486 points after volatile session
Published on 11/05/2026 at 22:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIBEX 35 closes higher
- The IBEX 35 ended Thursday, November 5, 2026, at 19,486 points, up 0.59 percent.
- Rovi, BBVA, Bankinter, Inditex and Repsol were among the strongest large-cap contributors, while technology weakness in the United States and higher oil prices shaped late trading.
- The close followed a 3.00 percent gain on Wednesday as investors continued to assess the implications of the US midterm election result.
The IBEX 35 finished Thursday, November 5, 2026, at 19,486 points, gaining 115.10 points or 0.59 percent from Wednesday's close of 19,370.90. The Madrid market therefore extended its advance for a second consecutive session after the benchmark jumped 3.00 percent on Wednesday.
According to Bolsamania, the index reached an intraday high of 19,710.80 points and a low of 19,384.10. The report recorded the closing level at 17:40 Berlin time, consistent with the end of the regular Madrid trading session.
Rovi and banks lead gains
Rovi was the strongest constituent cited in the closing coverage, rising 8.31 percent after reporting a 67 percent increase in nine-month net profit to 162.8 million euros. BBVA gained 2.05 percent, Bankinter rose 1.78 percent, Inditex added 1.69 percent and Repsol advanced 1.55 percent.
The sector mix helped the Spanish index outperform several other major European benchmarks. Bolsamania reported declines of 0.43 percent for the FTSE 100, 0.43 percent for the DAX and 1.03 percent for Italy's MIB, while France's CAC 40 gained 0.34 percent.
Election relief meets market volatility
The move came as investors continued to digest the Democratic victory in both chambers of the US Congress. Earlier optimism around the result supported European equities, while expectations of lower political uncertainty and potential fiscal restraint remained part of the market discussion.
Late in the European session, however, US technology and semiconductor stocks fell sharply. Europa Press reported that the IBEX 35 had risen as much as about 1.8 percent during the day before paring gains as US technology shares weakened. The same report said Brent crude rose 2.3 percent to 96.78 US dollars per barrel after a steep decline on Wednesday, adding another source of volatility for European markets.
Investors weigh earnings and energy
Company results also influenced individual performance. ArcelorMittal reported nine-month net income attributable to shareholders of 867 million US dollars, down 70.8 percent year over year, and its shares fell during the session. The contrasting reactions to Rovi and ArcelorMittal highlighted the market's selective response to earnings rather than a uniform sector move.
The IBEX 35's close above the previous session's level leaves the benchmark at its highest point in the five-session sequence reported by Yahoo Finance and cited in closing coverage. Investors now face a market balancing continued election-related relief against pressure from energy prices, US technology weakness and the ongoing earnings season. Further direction will depend on whether gains in banks and other large-cap stocks can offset renewed volatility in global growth and technology names. For additional IBEX 35 coverage, see the IBEX 35 topic page.
