The Spanish Ibex-35 stock market index rose for the fifth consecutive session on Tuesday, retaking the level of 9,400 points, which it had lost just over a month ago, with the support of the banking sector.

The day was short on macroeconomic news, so investors, who largely take for granted a 25 basis point hike at the next Federal Reserve meeting, continued to evaluate the quarterly results coming in from the United States.

Of particular note were the figures from Bank of America, which fell back on Wall Street despite beating forecasts with its first-quarter profit. The stock had risen strongly in the previous two sessions, so part of the downward movement could be related to profit taking.

Goldman Sachs also fell after its results report, which up to the previous day had accumulated seven days of gains and announced disappointing figures due to the weakness in stock brokerage activity.

However, the performance of U.S. banks did not dampen the rebound of banking stocks in Spain, where Santander rose 1.71%, BBVA gained 2.23%, Caixabank advanced 2.41%, Sabadell gained 3.15%, Bankinter gained 1.16% and Unicaja Banco rose 0.58%.

Outside the financial sector, Telefónica gained 0.61%, Inditex gave up 0.06%, Iberdrola gained 0.13%, Cellnex fell 1.01%, and the oil company Repsol lost 2.04%.

Overall, the selective Spanish stock market Ibex-35 closed with a rise of 43.40 points on Tuesday, an advance of 0.46%, to 9,421.90 points, while the FTSE Eurofirst 300 index of large European stocks rose by 0.37%.

This is the first time the index has closed above 9,400 points since March 9.

Outside the Ibex-35, Tecnicas Reunidas stood out, with a rise of 7.58% after announcing a contract to build a 1 billion euro (1.1 billion dollars) terminal in Germany in a consortium with FCC and Enka.

(Information by Tomás Cobos; edited by Darío Fernández)