Spanish stock market value rises 21.4% in 2013

The Spanish stock market value rose 21.4 percent in 2013, the best year for the IBEX-35 stock market in Madrid since 2009, local media reported on Tuesday. The IBEX-35 finished Tuesday session close to 10,000 points, confirming the trend of improvement in the performance of the Spanish stock market for the whole year of 2013. The IBEX-35 stock market closed at 9,916 points on Tuesday session compared to the 8,167 points it had reached in its last session in 2012. The Spanish stock market lost 4.6 percent of its value in 2012. It lost 13.11 percent in 2011, 17 percent in 2010 and 39 percent in 2008. However , it gained 30 percent in 2009. The Spanish risk premium stood at 223 points on Tuesday as opposed to the 359 points it stood in the beginning of 2013, before peaking at 391 points in February 2013. Spain's risk premium had surpassed the 600 point mark in 2012 and its 10-year bond interest rate had surpassed 7 percent when rumors of a sovereign bailout threatened Spain. Spain's 10-year bond interest rate stood at 4.1 percent on Tuesday when the IBEX-35 stock market rose 0.15 percent by closing time with the company IAG shares rising 1.15 percent, followed by Enagas and Inditex, whose shares rose 1.04 percent and 0.63 percent respectively. Experts believe the performance of the IBEX-35 stock market in Madrid will improve in 2014 as the economy is expected to consolidate its economic growth. Spain emerged from a two-year recession in the third quarter of 2013 when the economy grew 0.1 percent.