- Inditex prevented a further rise for the Ibex
- Parques Reunidos fell more than 3% after a bookbuilding process of 10%
The Ibex 35 saw a topsy-turvy session on Thursday, fluttering between rises and falls all day. The index finished with a rise of 0.27% and now sits at 9,488 points, after having hit as high as 9,507 earlier in the day. Two of the main stocks on the day were Telefonica and Inditex.
- 11.435,700
- -0,28%
IAG led the table with a rise of 3.88% to 5.48 euros. ArcelorMittal was the second-best performer on the day, finishing 3.74% higher at 7.30 euros. In third place was Telefonica. The telecoms company pushed the Ibex on with a 2.12% gain to 9.10 euros, keeping the index out of the red.
However, on the losses side was Inditex, falling 1.6% to 31.40 euros. It was accompanied by Viscofran, losing 1.14% to close on 48.8 euros. The company was one of the benefactors of the strength of the dollar against the euro.
The banking sector oncer again experienced a mixed bag on Thursday, with BBVA and Banco Santander rising slightly, 0.35% and 0.29% respectively. However, only Banco Sabadell closed with a fall of 0.15% to 1.30 euros.
In the general stock exchange, the main story of the day was Parques Reunidos, which fell 4.1% after announcing a bookbuilding process of 10%.
Amper was an impressive performer on Thursday however, after gaining 3.28% to finish on 0.28 euros. In the last three weeks the company has increased the volume of its stocks by 820 million.
OTHER MARKETS
The rest of the European markets finished in green mostly. The CAC 40 in France rose 0.03%, the German DAX 30 was just up at 0.01%, while the FTSE 100 gained 0.08%. At the closing time of European markets, Wall Street was negative after it was announced the private sector had created less jobs than the previous month.
Regarding oil prices, European reference Brent crude had marginal losses of 0.32% to $56.28, while US reference West Texas fell 0.38% to $53.06. The latest data from the weekly reserves of US oil show a a fall of 7.4 million barrels in inventories per week.
On Thursday the currency exchange markets were notable also. The euro is regaining ground after hitting 14-year lows against the dollar.
TECHNICAL ANALYSIS
César Nuez, Bolsamania technical analyst, pointed out that the Ibex was supported by the lower base of 9,400 points. "The technical view is still very good, without having much that makes us think there is a great high coming soon," Nuez said.
