April 20, 2021

The IBEX 35 drops 0.25% after opening, ballasted by banks

The IBEX 35 drops 0.25% after opening, ballasted by banks


The main indicator of the Spanish Stock Exchange, the IBEX 35, opts for the losses minutes after the start of the session and leaves 0.25% burdened by the banks, some of which have presented their 2018 accounts.

At 09.05 the selective yield 20,30 points, equivalent to that 0.25% and was in 9,036 integers, so that the weekly losses could be around 1.5%.

Investors are waiting for the unemployment data in the United States and the CPI for the euro countries.

The main European stock markets rise to the upside, and London recovers 0.23%; Milan, 0.14% and Paris, 0.12%.

The euro fell this Thursday against the dollar in the currency market of Frankfurt (Germany) and changed to 1.1442 units, against the 1.1475 dollars of the previous closing, like the barrel of Brent oil for delivery in March, which fell 1.5% and remained at $ 60.91.

After digesting the news that the European Commission accused eight banks on Thursday of distorting competition in the sovereign bond market between 2007 and 2012, Spanish listed companies continue today in the red.

The worst is Caixabank, which falls more than 6% after communicating to the market a profit of almost 2,000 million, 18% more.

Banco Sabadell lost 1.56% after presenting a 54% cut in its annual profit due to the technological migration problems of its British subsidiary TSB and also for extraordinary costs to complete the cleanup of its balance sheet.

Of the large market values, Santander down 0.47%, and BBVA rises more than half a point after reporting that its annual profit increased by 51.3% thanks to the capital gains on the sale of its business in Chile and to the difficulties in Turkey and Argentina.

For its part, Inditex increased 0.41%; Repsol drops 0.65% and Telefonica drops 0.10%.

Within the IBEX, in addition to Caixabank, Bankia's losses stand out, of 2.17%, while the highest profits are carried at this time by Siemens Gamesa and Técnicas Reunidas, of 2.50% and 1.79%, respectively.

In the open market, the most bullish companies are Alantra and Duro Felguera, which recovered 3.41% and 3.25%, respectively, while Bodegas Riojanas and Solarpack recorded the highest losses, of 6.36% and 5%. , 97%.

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