Spanish stock market drops 0.40% in opening and holds 8,500 points

Spanish stock market drops 0.40% in opening and holds 8,500 points


The main indicator of the Spanish stock market, the Ibex 35, started the week with a fall that made it lose the 8,500 points, although minutes later it managed to recover that level after moderating its decline to 0.40%.

The selective started this session on Christmas Eve in which you can only operate until 14 hours without incentives, after retreating last week by 3.71%.

The Wall Street crash last Friday ended its worst week in ten years, with losses of 7% for the Dow Jones and the S & P 500, which has infected investors with pessimism.

Thus, after 9.20 am, on a day without references from Tokyo, Frankfurt or Milan, and without macroeconomic data, the Ibex 35 deepens annual losses to 15.18% and only in December are already 6.14%.

The euro is changed to 1,139 dollars and the barrel of Brent oil, reference in Europe, advanced to 54,16 dollars.

In Europe, the major stock markets fell at this same time: Paris, 0.90% and London, 0.64%.

In the Ibex 35, most of the large stocks fell, especially Telefónica, which left 0.85%, followed by Inditex, which was down 0.75%; BBVA lost 0.55% and Santander 0.42%. Iberdrola, however, advanced 0.09% and Repsol, encouraged by the rise in Brent, was up 0.57%.

The biggest falls of the selective at this time were for ArcelorMittal, of 1.13%; Aena, 1.07% and Cie Automotive, 0.85%.

In contrast, the highlights were 0.93% of Merlin Properties, 0.72% of Bankinter and 0.67% of Enagás.

Ence, which opens at the Ibex to replace the supermarket chain DIA, earned 0.48% at the same time.

In the continuous market, Azkoyen was down 6.53% and Vocento was down 5.75%, while Nyesa was 4.32% and Tubos Reunidos was down 4.04%.

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