- Inditex, Telefónica and Iberdrola have closed with falls over 1%
- On the other hand, the banks have held the Ibex in positive thanks to important rises
- Pétrol, in three-year highs has been one of the main characters
The Ibex has experienced a very flat session in which it has oscillated between losses and earnings to finally close with a light rise of 0.02%. Nevertheless, the index has been able to hold over the 10,400 points (10,428.3 points) thanks to the push of banks and despite the falls of Inditex, Telefónica and Iberdrola.
- 11.382,600
- -1,85%
The banking sector has been the main character, since it has closed with important rises. In fact, Banco Sabadell has risen a 4.05% up to 1.86 euros. It was followed by Bankia, with a revaluation of 2.8%. In third place in the list Banco Santander, that has risen a 2.42%.
The other heavyweight bank, BBVA, has also closed with important rises of 1.21%. CaixaBank has also registered a good day, it has gone up a 2.39% up to 4.24 euros and Bankinter with an advance of 1.79% up to 8.3 euros.
On the other hand, this Wednesday there has also been great falls in important companies of the index. Cellnex has been the red lantern of the day with a fall of 3.5% down to 21.7 euros. Nevertheless, Inditex, that has dropped a 2.53% and has closed under 29 euros, Telefónica with a 1.18% fall and Iberdrola that has dropped a 1.09% has prevented the index from closing with a more pronounced rise.
On another note, Repsol has reached its historic highs, adjusted by the dividend in the 16.06 euros. Although, the petrol company has closed with a fall of 0.41% down to 15.73 euros. Repsol has informed of the interest from the CVC for its participation in Gas Natural, which has made it list rises during the session.
Also, the continuous business operation of Atlantia, ACS and Abertis. The Italian company has informed that it will improve its offer for the concessionaire of motorways, after the CNMV has given the green light in two occasions for this operation. On the other hand, ACS (+0.27) has ensured that it doesn’t see a problem to get the CNMV to approve its offer for Abertis, that has closed with a fall of 0.05%.
In the continuous market, this Wednesday Adolfo Domínguez has presented its business result from March to November. The textile company has bettered its net earnings a 40.8% and it has reduced its losses to 7.1 euros. Adolfo Domínguez has risen a 1.37%. Also, NH Hotel, has risen a 1.83%, and it confronts a decisive Wednesday to determine its merger with Grupo Barceló.
OTHER MARKETS
The rest of the stocks of the Old Continent have closed with moderate earnings. Only the FTSE 100 in London has risen a 0.23%, whereas the German DAX 30 has fallen a 0.78% and the French CAC 40 a 0.35%. On the other hand Wall Street lists falls after its las historical highs and in the meantime China has revealed that it could think about purchasing US bonds.
In the currency markets, the euro goes up a 0.27% up to 1.1962 dollars. On the other hand the Brent petrol goes over 69 dollars and lists the highest value since December 2014. At the time of the close in the European market, it went up a 0.4% up to 69.1 dollars. On their part, the West Texas barrel increases a 0.76% up to 63.45 dollars.
TECHNICAL ANALYSIS
“In spite of the Ibex closing without any significant changes it has been an interesting session”, assures José María Rodríguez, technical analyst of Bolsamanía. In fact all the bank rises in force and it levels the falls mainly of Iberdrola, Telefónica and Inditex. This having been said, there is strength in the financial sector and if BBVA were to jump over the 7.4 euros we would have a small swing value with the aim of rising to the resistance of 7.8 euros, the higher part of the lateral movement that the price has been moving along in these past nine months.
Meanwhile on the negative side we have the continuous downward dripping of Telefónica. The company has confronted the first of the resistances (las decreasing high) and it has swung downwards, building once again a downward high. “In any case,everything is still the same as said on Tuesday: we have the first support the rising space of 10,300 points and as a key resistance point the 10,600 points”, concludes the analyst.
