September 23, 2020

And Ibex35 closes the session practically flat

And Ibex35 closes the session practically flat


After the important rebound recorded in the session yesterday values ​​such as Sabadell or IAG, for the acceptable result of the censorship vote in the UK, the Ibex35 closes the session almost flat. The European opening recorded slight corrections as a result of taking profits from the good day yesterday. Nevertheless, gradually they are recovering the bags were good tone to close the bearish gap from the beginning of the session. The American finished opening spur domestic selective ended conquering the 8,900 points at the close.

At the business level the rally continues in some of the values ​​of the selective one. Merlin, Cellnex, Colonial or Grifols continue outperforming within companies that make up the index. All of them advance more than 1%. The brake was marked by the banking sector. Banco Sabadell and Bankia were left more than 2% influenced by the new sales of different houses of analysis on the banking sector. Following this line of valuation, Madiaset collapsed in its quotation when receiving a reduction until half of its value on the part of Bank of America. Looking forward to the next few days we hope that the buying perspective will continue with its improvement. If new threats do not produce short term we should have a clear path to 9,000 points for the Ibex35.

Francisco Sánchez-Matamoros, analyst at XTB

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