• Oil boosted more than 1.5% after Putin's OPEC comments
  • Italian banks fall again after last week's drops
brokers-inversores

The Ibex 35 finished higher than 8,540 points despite having fallen 0.1% to an interday low of 8,558 points. The index closed on 8,614.6 and pent the session flitting between green and red.

Dia

  • 0,012€
  • -0,80%

IBEX 35

  • 11.830,600
  • 0,22%

Mapfre

  • 2,604€
  • 0,31%

Dia was the biggest faller on Monday. The supermarket chain was 3.3% lower to finish on 4.45 euros, and cement a 20% drop during the last month after it posted its quarterly results. Cellnex was the second worst stock with a 2.18% fall to 13.23 euros, followed by Mediaset which was down 1.96% to 9.44 euros.

Banco Popular once again was in the red end of the table, increasing its yearly fall to 68%. On Monday the stock lost 0.81% as it closed on 0.85 euros.

Bankia is also one of the main protagonists in Monday's session, after Deutsche Bank saw it as a "clear buy". According to a source from Bolsamania, the bank is much sought after from Germany. It fell by 0.35% too 086 euros.

On the other hand, Mapfre was the leader of the advances with a rise of 1.28% to 2.77 euros. Indra was the second-highest riser with 1.25% to 9.72 euros. The third in the table was Endesa (1.2% to 18.16 euros).

Amongst the heavyweights of the index, only two have finished positive. Repsol registered a rise of 1.03% towards 12.29 euros, owing to the rise in oil prices on Monday. Banco Santander was slightly higher.

Away from the Spanish index, Abengoa will celebrate its restructuring. The Type A stock of the company fell 2.98% to 0.45 euros, while the Type B increased 0.52% to 0.194 euros.

In the rest of the European stocks, there has been mixed signals. The CAC 40 in France rose 0.52% and the German DAX 30 by 0.11%. The FTSE 100 fell slightly (0.07%).

The Italian banks were the protagonists on Monday again. Banco Popolare fell 3.72% to 1.86 euros and Monte dei Paschi fell 4.65% towards 0.23 euros. The Italian referendum on constitutional change was the most likely factor in the values falling.

At the hour of closing in Euro markets, oil was quoted with a boost of an average 3.5%. Vladimir Putin was optimistic on Monday about the chances of OPEC approving a deal to cut production of the commodity.

José María Rodríguez, Bolsamanía technical analyst, explained on Monday that the Ibex opened with light advances, but followed with a further fall, owing to the banks and Telefonica.

"The Ibex began the day with a session low of 8,558 and although slowly it began to regain its position," Rodriguez said.

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