July 30, 2021

The stock market falls another 1.18% pushed by the energy sector

The stock market falls another 1.18% pushed by the energy sector


Updated:

The Spanish Stock Exchange has lost today 1.18% and the level of 9,000 points, with which it is located in the lowest price of this year and similar to that registered at the beginning of December 2016, according to market data.

Pushed by the fall of the energy sector after the cuts to the sector that will entail the 2019 Budgets agreed between the Socialist Government and United Podemos, and while the risk premium stood at 117 basis points, the Ibex 35 fell to 8,902 points. In the low week, 3.8% and annual losses amount to 11.37%.

Specific, Endesa has fallen 4.01% today (8.30% in the last two sessions, since the draft of the State Budget for 2019 was approved), Acciona 3.97% (8.16%), Iberdrola 3.44% (5.66%), Enagás 2.93% (5.53%), REE 2.04% (4.98%), Naturgy 1.96% (5.93%) and Repsol 0.73% (4.42%).

On the other hand, the construction company OHL has collapsed today 13.32% in the Continuous Market and closed at 1.4185 euros. The fall so far this year of the OHL titles reaches 68.09%.

The National Commission of Markets and Competition (CNMC) announced on Thursday that it had initiated a disciplinary action against OHL and six other large construction companies (Acciona, Corsán-Corviam, Dragados -ACS-, FCC, Ferrovial and Sacyr) for allegedly rigging their participation in public tenders for the construction and rehabilitation of infrastructures and buildings.

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