Valencia missed the chance to climb up to third in La Liga as Las Palmas claimed an impressive 1-1 draw at the Mestalla.
Playing out the draw ended a run of three successive defeats for Las Palmas, but the performance may have been enough to claim three points had they taken other chances.
The hosts were ahead in just the eighth minute when Andre Gomes battled for space on the left side of the box before drilling in a low cross which gave Paco Alcacer the simple task of tapping in from close range.
Las Palmas almost produced an immediate response through Sergio Araujo, who held off a couple of challenges to unleash an effort and force Jaume Domenech into a fine save.
It was just the start of an impressive reaction as the visitors dictated the tempo of the game for long spells after Valencia's fast start.
Momo threatened to punish Valencia for gifting him space on the edge of the box late in the first half, but his effort was tame and Domenech made a comfortable save.
Valencia continued to spend time on the back foot after the break, and Las Palmas were level when a ball was drilled into the feet of Dominguez Tanausu, whose clever pass allowed Jonathan Viera to slot past Domenech.
The influential Tanasu then came agonisingly close to putting his side ahead by meeting a cross with a powerful strike which came back off the crossbar.
Momo was then guilty of passing up an opportunity when he miscued a shot wide on the stretch as Valencia struggled to recover from the setback.
Las Palmas looked more likely to find a winner late on, but they settled for the point which moves them out of the relegation zone.
