Ibex 35 corrects itself from a dissonant session respecting other European Stock Exchanges

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Ibex 35 corrects itself from a dissonant session respecting other European Stock Exchanges

Spain Stock Exchange negotiated €58 million in March

Spain Stock Exchange negotiated €58 million in March

The most liquid and diversified securities index that are in Madrid Stock Exchange, the Ibex 35 adjusted at the end of this week’s session ending with a small decline of only 0.42% in relation to last week’s trading day. After bordering the 11,145 units, the main stock exchange economy indicator ended at 11,049 points, and for a key negotiation of 2,1 billion euros.

The analysts who has been consulted to explain this case, agrees that in no way the result of Plaza de la Lealtad parquet diminishes the possibilities of future rises in a context where this week, the rest of the European stock exchanges managed to advance more in the quotations.

According to some comments from the analysts consulted, these explained that this is not a sign of any kind of weakness and will not be as long as the Eurostoxx 50 does not lose the range between 3.553 and 3.559 points, these explained that this is not a sign of any kind of weakness and will not be as long as the Eurostoxx 50 does not lose the range between 3.553 and 3.559 points, which are the minimum that were presented last week.

BBVA and Santander banks

BBVA and Santander banks, they both ceded

On the other hand, they indicated that for the moment the Ibex 35 is kept with a support of 11.036 integers in the short term. In addition, according to experts, it should not miss anything to give the market confidence and hang on to future rises.

Spanish Stock Market

The bank of Spain was presented as the queen of buying operations, but it was also the villain of this week’s day.

BBVA fell by 2.02% to stand at 7.6 euros, while the Santander Bank ceded 1.71% until it stood at 6.16 euros for the equity vehicle.

On the other hand, we find Bankinter at 1.8%, while Bankia with 1.5% and the well-known Banco Sabadell with 1.22%, and with a strong fall of Caixabank, of 1.51%. The only bank in Spain to be saved from these falls was the Banco Popular, which also posted significant gains of 2.11% to stand at 0.774 euros for each of the shares.

In other words, Repsol closed with gains this day that were located at 0.31% and Inditex stood at the high 1.25%. The most affected were Telefonica which fell 0.24% to reach 10.45 euros and Iberdrola which fell by about 0.29%.

The 4% drop of Endesa was also reported. A very strong fall that did not do any good for the market, since it had a 26% decline in the profits of the first quarter of this year and that was reported to the market, versus to what was reported in the same period, but in 2016.

It is expected that the Spanish market will be able to raise for the next week’s conference, they were in a good position to close this quarter at the top.

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