Spanish stock market plummets 4.56%

Spanish stock market index Ibex-35 plummeted 4.56 percent on Monday to close at 10,853.90 points, down from the 11,372.30 points of Friday.

Monday's session was the worst session since August 2012 with Spanish banks leading falls. Banco Popular shares led falls losing 7.18 percent, followed by Banco Santander, Sacyr, Abengoa "B", OHL and BBVA that fell 6.70 percent, 6.45 percent, 6.30 percent, 6.10 percent and 6.02 percent respectively.

Spain's risk premium stood at 153 points on Monday closing time, rising from the 120 points of Friday closing time, while Spain's 10-year bond interest rate rose from the 2.12 percent of Friday to the 2.35 percent of Monday.

Meanwhile, Spain's Economy Minister Luis de Guindos said Spain was protected from a possible impact of the Greece's crisis on the country's economy due to the improvements experienced regarding the banks' situation, fiscal deficit and rise in exports. Enditem