In the absence of tomorrow’s session, the Ibex advances 11% in March
MADRID, 27 Mar. (EUROPA PRESS) –
The Ibex 35 signed its seventh consecutive session on the rise this Wednesday with a rise of 1.09%, which allowed it to close above 11,100 points – specifically, it ended at 11,111.3 points – for the first time. since May 2017, on a day marked by the publication of the Advance Consumer Price Index (CPI) in Spain.
The Spanish selective has thus broken in one day the milestone of having closed above both 11,000 and 11,100 points for the first time since May 5, 2017 – then it closed at 11,135.4 points.
In the absence of what it does tomorrow, the main indicator of the Spanish market is preparing to close March with an advance of more than 11%, which would mean equaling its record from last November, when a revaluation of 11.54% was recorded in its best monthly result in three years.
At the beginning of this Wednesday’s session, it was announced that the CPI rose 0.8% in March in relation to the previous month and raised its interannual rate four tenths, up to 3.2%, due to the increase in the cost of electricity and fuels, according to data provided by the National Institute of Statistics (INE), which has highlighted that, on the contrary, food prices rose less in March than in the same month of 2023.
Continuing with the Spanish ‘macro’ agenda, it has been published that retail trade accelerated the growth of its sales to 4.8% in February in an interannual rate and adds 15 months of increases, while the prices of industrial exports fell by 2 % in the same period and imports fell by 4.1%.
Likewise, the economic sentiment indicator (ESI) of Spain has registered a slight decline in March compared to the previous month, in contrast to the increases observed in the eurozone and the EU as a whole, which have achieved their best reading since last April , according to data published by the European Commission.
In the business field, Vidrala has appointed Raúl Gómez, until now the company’s financial director, as the company’s new CEO as a result of a planned succession process, as reported this Wednesday by the firm, which will vote at its next meeting a extraordinary dividend of a maximum of 129 million euros conditional on the effective sale of its Italian subsidiary.
On the other hand, the National Securities Market Commission (CNMV) has decided to suspend the trading of Opdenergy, with effect from next April 3 at the close of the market, following the request made by GCE BidCo, a vehicle of the French fund Antin, after its voluntary takeover bid (OPA).
Given this situation, the biggest increases within the Ibex 35 have been recorded by Acciona Energía (4.2%), Acciona (3.65%), IAG (3.34%), Solaria (2.7%), Inditex ( 2.03%) and Endesa (1.88%).
On the other hand, only five stocks closed with losses: Banco Sabadell (-0.79%), Repsol (-0.36%), Mélia Hotels (-0.2%), Cellnex (-0.12%) and Grifols (-0.1%).
The main European stock markets have also closed with gains, although of less vigor than that recorded by the Madrid market: London has added 0.01%; Milan 0.21%: Paris 0.25% and Frankfurt 0.5%.
In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.54% at closing time in Europe, to $85.77, while that of Texas It stood at $81.18, 0.55% less.
In the foreign exchange market, the price of the euro against the dollar fell 0.1%, to 1.082 ‘greenbacks’, while in the debt market the interest required on the ten-year Spanish bond closed at 3.127 % after subtracting five basis points, with the risk premium (the differential with the German bond) at 83.7 points.
