Spanish stocks close lower

Madrid, March 9 (IANS) The Spanish stock market index Ibex-35 fell 0.53 percent on Tuesday to close at 8,740.30 points, down from the 8,786.80 points of Monday.

ArcelorMittal shares led falls on Tuesday session by losing 7.51 percent, followed by Tecnicas Reunidas, OHL, DIA and Gamesa tat which lost 4.02 percent, 3.47 percent, 3.40 percent and 3.35 percent, respectively, Xinhua news agency reported.

On the other hand, Banco Santander led rises by climbing 0.97 percent, followed by Acerinox, Iberdrola, Endesa and Abertis that rose 0.64 percent, 0.29 percent, 0.24 percent and 0.07 percent, respectively.

Spain’s risk premium closed at 139.90 points, slightly above the 137.90 points of Monday, while Spain’s 10-year bond interest rate closed at 1.5 percent.

Malta’s economy up 6.3 percent in 2015

The Gross Domestic Product (GDP) in Malta registered a year-on-year increase of 6.3 percent in real terms in 2015, according to the official figures released by Maltese government on Tuesday.

The economic performance reflected strong increases in both investment and private consumption. In 2015, investment activity increased by 21.4 percent, or $296.10, while private consumption increased by 5.1 percent, or 203.3 million euros, over the previous year, Xinhua news agency reported.

Exports of goods and services also registered an increase of 2.4 percent.

The majority of sectors in the archipelago recorded positive growth.

The strong growth in the service sectors more than compensated for the marginal decline of 0.4 percent in the manufacturing sector.

In addition, government expenditure growth decelerated, increasing by 4.8 percent compared with a growth rate of 6.4 percent registered in 2012.

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