Sat. Jan 18th, 2020

The Ibex 35 yields 0.87% on the day of the agreement between PSOE and Podemos


He IBEX 35 has closed the session of this Tuesday with a fall of 0.87%, which has left it close to yielding the height of 9,300 points, at 9,306.70 points. On a day marked by the pre-agreement between PSOE and Podemos to form a coalition government, behind the stage drawn with the general elections of 10-N.

Despite the importance of the news, it still has to receive the support of Congress and the program that would be implemented needs to be known in detail. In this way, without major clues, Ibex 35 has not been strongly noticed, although the Spanish selective has been unmarked from the rest of the European indexes, which have all closed positively, and erased the earnings of the first hours, when 0.3% has come up.








Banks

Bankia, the most punished

The most punished value has been Bankia. The shares of the entity, in which the State owns about 60%, were left 4.55%. Podemos is against the privatization of the bank, which must take place before the end of 2021, and that the Government proceeds with new divestments, promoting a public bank.

"By values ​​we have clearly seen how Bankia gets more punished every time Podemos seems to be able to play a role in the government, just like Spanish Bags and Markets (BME), because Podemos always advocates for more financial transactions," said Nuria Álvarez, analyst of Rent 4.

Analysts agree that the political programs of the coalition parties could punish companies by way of tax increases, especially banking, but also sectors such as electricity, real estate, telecommunications or gaming.

A Bankia logo, which today has gone badly in the stock market

A Bankia logo, which today has gone badly in the stock market
(Sergio Perez / Reuters)










Actions

The entire bank closes in red

The rest of the entities have also pointed to red, following the tonic of the last days. CaixaBank yielded 4% and Sabadell 2.38%, just behind Bankia. For its part, Bankinter lost 1.42%, Santander 1.05% and BBVA 0.54%.

The bulk of the values ​​closed in negative. Aena, with state participation, also left 1.54%. On the opposite side, they have only escaped the negative Mapfre, with 0.12% positive, IAG, which rose 0.69%, and Mediaset, up 1.20%, after a source reported the Tuesday that its Italian parent company could further increase its participation in ProSiebenSat.1 after the purchase announced on Monday of an additional package of 5.5% of the German company by the Spanish subsidiary, as part of its strategy to create a group pan-European television.


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