The Ibex 35 traded in the mid-session with an advance of 0.53%, which brought it to stand at 9,444.7 integers, on a day still marked by the presentation of results and by the publication of the PMI in Spain and China.

In the mid-session, Indra was the bullish value, registering a revaluation of 4.36%, after reporting yesterday, after the market closed, that its net profit reached 172 million euros in 2022, 20% more, and that will increase the dividend to 0.25 euros, compared to 0.15 the previous year.

After Indra, came Telefónica (3.33%), Meliá (2.71%), Solaria (2.61%) and ArcelorMittal (2.51%). It should be noted that Ferrovial advanced 1.68% after yesterday announcing its intention to merge the parent company and Ferrovial International, a Dutch European public limited company that already owns 86% of the company’s assets, which will mean the transfer of registered office from Spain to the Netherlands.

Among the decreases in the selective, those of Colonial (-4.86%), Acciona Energía (-1.80%), Acerinox (-1.64%) and Merlin (-1.11%) stood out.

Yesterday Acerinox also presented its results for 2022, when it obtained a net profit of 556 million euros last year, 2.7% less than in 2021, while Colonial reduced its profits by 98%, to 8 million euros, due to the accounting impact of the variation in the value of its assets.

As regards macroeconomic references, the publication of the China Purchasing Managers’ Index (PMI) stands out, reflecting that the activity of companies in the Asian country accelerated its growth during the month of February. In Spain, the manufacturing PMI reflected that activity recorded its first expansion since June 2022 in the second month of the year.

The rest of the European indices were also trading higher, with a rise of 0.71% in London, 0.54% in Milan, 0.53% in Frankfurt and 0.51% in Paris.

In the half session of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose to 82.74 dollars (-0.85%), while Texas traded at 76.27 dollars, with a fall of 1.01%.

In the foreign exchange market, the value of the euro against the dollar was placed at 1.0666 ‘green bills’. In the debt market, the interest required on the ten-year bond climbed to 3.632%, with the risk premium at 95 basis points.