IBEX 35 closes at 19,370.9 after 3% rally
Published on 11/04/2026 at 18:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIBEX 35 closes sharply higher
- The IBEX 35 ended November 4 at 19,370.9 points, up 3.00% from the previous session.
- Banks and large-cap stocks led the advance after the Democratic victory in the US midterm elections.
- Inditex, Santander and CaixaBank were among the strongest performers, while ACS and Indra fell.
The IBEX 35 finished Wednesday's session, November 4, at 19,370.9 points, gaining 563.7 points, or 3.00%, from Tuesday's close. The Spanish benchmark recorded its strongest trading day since April and recovered the 19,300-point level. The close was reported by Europa Press after the Madrid session had ended.
Banks drive the broad advance
The index strengthened throughout the session and reached an intraday high of about 19,482 points, according to an EFE report published by Infobae. The report linked the wider market strength to the Democratic victory in the US midterm elections and the positive performance of Wall Street.
Banking stocks were prominent among the gainers. Santander rose 4.87%, CaixaBank advanced 4.66% and BBVA gained 4.32%, while Bankinter added 3.54% and Sabadell 2.99%. Europa Press described the banking sector as a key source of support and reported that Brent crude fell 8.21% to 94.7 US dollars per barrel by the close of European markets.
Large caps lift the benchmark
Inditex was the strongest major gainer cited by Europa Press, rising 5.24%. IAG added 4.54%. Market breadth was also positive: Investing.com reported 135 advancing stocks on the Madrid Stock Exchange against 46 decliners, with 24 unchanged.
The gains were not uniform. ACS fell 5.09%, Indra declined 5.57% according to Investing.com, and Repsol lost 1.85%. The contrast shows that the index advance was concentrated in financials and selected large-cap constituents rather than representing a uniform rise across all members.
Market focus after the rally
For investors, the session combined a strong index move with a sharp change in the external backdrop, including the US election outcome and lower oil prices. The next assessment will be whether the banking-led advance broadens or gives back part of the move in subsequent sessions. Further IBEX 35 coverage is available on the IBEX 35 topic page.
