Madrid shares extend losses as Wall Street falls

Share prices extended their losses in late afternoon trade, dragged down by Wall Street, while Union Fenosa and Sogecable underperformed on debt and liquidity concerns, dealers said.

At 3.20 pm, the IBEX-35 index was down 87.2 points or 1.60% at 5,366.9, after trading in a range of 5,333-5,516, on turnover of €856m, with put-throughs accounting for about 15%.