The Ibex falls 0.14% and remains stuck to the resistance of the 9,890

Central banks take the central stage over the next five days

Bolsamanía
Bolsamania | 30 jul, 2018 09:36 - Actualizado: 17:57
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Monday with few movements for the Ibex 35, which remains stuck to the resistance that presents in the 9,890 points, although, again, without exceeding it. The selective has fallen by 0.14%, pending a week marked by central banks.

IBEX 35
11.656,600
  • 0,39%44,90
  • Max: 11.674,00
  • Min: 11.520,90
  • Volume: -
  • MM 200 : 11.125,61
17:35 22/11/24

Mapfre closes the session as the most bullish value, with an increase of 2.45%. Also in green were Bankia (+ 1.93%) and CaixaBank (+ 1.5%). ACS is another of the values ​​that closed with increases in this session, specifically with a rise of 0.37% after marking a historic high on Friday at 38.36 euros.

In contrast, Colonial has fallen by 3.64% after disappointing the market with its quarterly results. In the first semester, the real estate company obtained a profit of 254m euros, which represents a drop of 42%. On the other hand, it increased its recurring net profit by 12% after the merger with Axiare. Also in red they have closed values ​​such as Técnicas Reunidas (-2.46%) or Cellnex (-1.74%).

On the other hand, day of slight gains for Mediaset (+ 0.32%) despite the fact that Berenberg has cut its target price by 20% to 7.60 euros (closed at 6.8 euros).

In the main board, NH Hotel is one of the protagonists. Its shares have plummeted 6.37% after Hyatt has stated that it is unlikely that an eventual counter-offer by the hotel operator will succeed.

In contrast, Liberbank rose 3.89% after presenting its results. The bank obtained a net profit of 84m euros in the first half of 2018, 39.3% higher than the previous year. Almirall's shares have also reacted (+ 2.66%) after winning 52m until June, compared to losses of 73.1m in the first half of 2017.

WEEK OF CENTRAL BANKS

Over the next five sessions there will be more results (such as Apple or Merlin Properties on Tuesday) but, above all, once revealed the most relevant in Spain, investors will be very aware of what the Bank has to say of Japan (this Tuesday), the Federal Reserve (this Wednesday) and the Bank of England (this Thursday). In addition, on Friday, July employment data will be published in the United States.

As for the season of results, several European companies have published figures on Monday, among which stands out the Heineken brewery, which has left more than 5% on the stock market.

On the macro data calendar on Monday, the CPI of Spain moderates its climb and stands at 2.2% in July.

TECHNICAL ANALYSIS

The technical analyst of 'Bolsamanía' José María Rodríguez points out that in this session the Ibex has still not been able to cancel the bearish gap of the session of the 9,890 points (gap gap of the session of July 11). "Another lost opportunity to activate a first signal of strength beyond the typical point rebound," adds the expert. Of course, points out that "although we closed it we have much more important resistances above". Below, the expert highlights the support of 9,800, the support of 9,645 and the base of the triangle, the 9,470.

Rodriguez highlights the "sign of strength of BBVA", after closing the gap of 6.212 euros, and Telefonica, "which seems determined to attack the resistance that presents at 7.8 euros." On the teleco, Rodriguez adds that, to overcome this resistance, "would have cleared the road to 8.02 euros (where it has a bearish gap)" and, above, 8.25 euros. "As long as the price does not jump through one or the other side of the triangle, everything is upward and downward movements without significant technical implications," he concludes.

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