Ibex 35 strengthens the 9,000 points after rising 1.7%

Colonial closes as the most bullish value, with increases of 5.3%, encouraged by the support of analysts to increase its participation in the French Société Foncière Lyonnaise (SFL). In fact, Banco Sabadell experts have improved their rating to buy from sell after the operation. Also increases of 4.9% for Ferrovial after confirming that it is studying the sale of its services subsidiary, valued at more than 3bn.

Increases of more than 3% for a large part of the Ibex electricity sector, such as Endesa (+ 3.55%), Acciona (+ 3.14%), Iberdrola (+ 2.64%) or Enagás (+ 3.1%) , the latter after presenting its quarterly results on Tuesday and registering a profit of 325.7 million euros (-13.3%). Also large stocks such as Inditex (+ 1.95%) or Santander (+ 1.65%) have driven the selective.

Siemens Gamesa (+ 2.37%) made the news this session after the resignation of its president, Rosa María García, who will be replaced at the head of the company by Miguel Ángel López Borrego as of December 1.

As for the values ​​in red, DIA repeats as the 'red lantern' on Tuesday with a drop of 8.8% after a day of extreme volatility. After the collapse of the last session, DIA is placed on the verge of losing the euro of contribution, a new historical minimum. Along with DIA, only Bankia (-0.94%) and Telefónica (-0.18%) close in red.

Despite the rises of the Ibex, a black day among some companies in the Continuous Market. Losses of 27.4% for Coemac, although losses exceeding 10% for almost a dozen stocks: Audax (-14.8%), Solaria (-16.8%), Biosearch (-10.9%), Sniace (-13.9%), Adveo (-13%), Berkeley Energía (-10.4%), GAM (-10.5%) ... On the other hand, OHL has led the increases (+ 12%).

All in all, Europe has chosen to bounce back firmly, also with increases of more than 1% in most large indexes. Wall Street ended the last day with moderate falls (Dow Jones: -0.35%, S & P: -0.6%, Nasdaq: -0.88%) and in Asia a mixed balance has been seen, with increases in the Nikkei of 1.25%.

TECHNICAL ANALYSIS

José María Rodríguez, technical analyst of 'Bolsamanía', thinks about this latest rebound of the Ibex: "If it were not for all the noise generated by the daily life of the markets, with the sword of Damocles of Wall Street on top (before the eternal doubt if we are or not at the beginning of a downward cycle), I would say that the Ibex is purchase".

The expert says that, technically speaking, the index has bounced back with "maximum precision" from the base of the bearish channel to which the price has been moving since May. Now, the index is at the gates of the first "real" resistance, the bearish hole on Thursday, at 9,163 points. The analyst explains that, if it only fills that gap and does not close it, "the connotations of weakness will remain intact." On the other hand, if you close it "we can be optimistic", at least in the short term. "With the objective of rising at the top of the channel, now at 9,550 points," he adds. "What it needs to do now is to bounce, or at least that's what the chartist theory says: that at the base of a channel, if a case is bought, it is not sold," Rodriguez concludes.