January 24, 2021

Stock market analysis: Banks drag the Ibex

Stock market analysis: Banks drag the Ibex

Despite having started the session with a positive tone, as the hours passed, the green numbers disappeared mainly due to corrections in the banking selective. In line with the rest of European selective, the Spanish index has yielded more than 0.5% throughout the day, without being able to exceed the range of 9,000 points, and endangering at times even the 8,900. The main reason that sales have been generated in the banking selective is due to a judicial decision that affects them directly and that will have a negative impact on the balance of the same. Another factor that has made a dent in the day comes from the hand of the British country and the problems that are being generated between the European Commission and these to reach the agreement that will materialize the Brexit.

All this series of events generates a tense and pessimistic climate among investors, who have chosen to undo positions in the selective banking sector in general, causing losses of more than 5% throughout the day. The positive point is found in companies such as Grifols and Colonial, with increases of more than 2% in the session.


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