The Ibex dismisses the week with a rise of 0.07%, which already adds ten consecutive sessions in green for the selective. Although it has reached just a few points above the key resistance of 9,671 points, it has deflated to 9,590 points. The accumulated rise in the week has been higher than 2%.
- 11.473,900
- 0,33%
In green, Aena was the most bullish value with a rise of 3.26%, followed by ACS (+ 2.8%) and Mediaset (+ 2.4%). On the other hand, CaixaBank (-3.6%) led the declines, together with Repsol (-2.4%). The entity announced this Thursday afternoon the sale of its stake in the oil company with losses of 450 million euros.
The other decreasing value highlighted in red has been Viscofan, which has fallen by 3.34% after a recommendation cut by Kepler; the reason, according to the firm, are the increases registered by Viscofan since its recommendation to buy.
The banks, and also Telefónica, served as an incentive during the last session for the selective. When the big values rise, the Ibex does too. This Friday, Sabadell (-1.8%), BBVA (-0.74%), Bankinter (-0.39%) and Bankia (-0.08%) have left behind the increases and Telefónica has dropped 0, 12% The operator is not having a good year on the stock market and is already trading below 7 euros, a behavior that has the company worried about the possibility of an OPA. For the time being, the market is still awaiting some news about the eternal objective of debt reduction, something that seems not to be achieved in the short term.
BREXIT IS THE MAIN FOCUS TODAY
Brexit remains one of the most important issues on Friday after European leaders increased yesterday the pressure on the British Prime Minister, Theresa May, at an informal summit in Salzburg, Austria. This Friday, May has accused Brussels of not accepting fair and honest treatment to negotiate the rupture of the country with the community block.
Today we also talk about Italy in the face of the increase in political uncertainty there. The leader of the '5 Star Movement' and viceroy prime minister, Luigi Di Maio, has threatened to leave the coalition government if funds can not be found to implement some of the key policies demanded by his party.
TECHNICAL ANALYSIS
José María Rodríguez, technical analyst of 'Bolsamanía', highlights the "maximum precision in the Ibex" after closing at only six points of the important resistance of the 9,671 points. . "For the time being, we must be cautious in the strictest short term, as the price has slowed down in resistances and after a rally without rest of 6%," adds the expert.
In his opinion, "the ideal" would be to take a short break and, correct / drain part of the latest increases to price levels close to 9,400-9,500 points. "And if after a small price consolidation, this time with success, the resistance of the 9,671 point.
"For the time being, we have had a 'V' turn regarding the last bearish lash, which is not bad, we have bounced back with the same intensity with which we retreated previously," the analyst concludes.
