Home » Economy » Inditex and Santander pressure the Ibex below 8,500 points

Inditex and Santander pressure the Ibex below 8,500 points

Inside the Madrid Stock Exchange. / efe

The selective loses almost 1% to 8,478 points in a session of strong lurching

Clara Alba

CLARA ALBA Madrid

Session of maximum volatility for the Ibex-35, in a day marked by the low volume of negotiation for the national holiday of the Day of the Immaculate. The selective dismissed the session with a fall of 1% that leaves its graph at 8,478 points. Losses that have been gaining weight throughout the day and despite the good news about vaccines against the new Omicron variant of coronavirus.

The collection of profits has thus been imposed more forcefully than expected, after two sessions of strong rebounds in the European trading floors. “We do not rule out that the shorter-term investors choose to take some benefits in the securities that have appreciated the most in recent sessions,” said Link Securities analysts since the morning.

This is the case of companies in the tourism sector that for much of the session led the bottom of the table. However, at the end of the year, their decreases moderated with falls of 0.8% for IAG or 0.7% for Aena. Even Meliá has ended up rising 1% in the heat of the good prospects for vaccines.

So the true cause of the sell orders must be found in other values. Specifically, in two giants of the selective: Inditex and Banco Santander, which have led the falls with losses at the end of 2.9% – again below 29 euros per share – and 2.4%, respectively.

In the case of the Cantabrian entity, today the closing of the operation to acquire its Mexican subsidiary was known, in which it has increased its participation from the current 91.64% to 96.16%, without reaching, again, one hundred percent desired.

If Banco Santander has been the stock market cross of the sector this Wednesday, BBVA has been the face. The entity chaired by Carlos Torres recovers 1.3% at the head of the Ibex-35 and, incidentally, consolidates the 5 euros per share.

Within the national stock market, investors also closely follow the evolution of stocks such as Acciona Energía or Logista, firm candidates to enter the Ibex-35 to replace, according to the consensus, Viscofan or Cie Automotive, after the meeting of the Technical Committee of the Ibex that will meet on Thursday at the close of the market.

In the commodities market, the price of oil also turned around at the close with rises of 1% that leaves a barrel of Brent, a benchmark in Europe, at 76 dollars, while West Texas recovers 73 dollars.

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