The IBEX 35 remains at 10,100 with two days to go until the end of the year
Another session of little significance for the IBEX 35 which, unless something extraordinary happens, positive or negative, is expected to close at 10,100 points, point up point down, with only two sessions to go.
The IBEX 35, the main selective index of the Spanish stock market, has added an inconsequential 9.9 points to 10,121.8 points, 0.1 %, and in the year accumulates a rise of 23 %.
After being closed for two days due to a public holiday, the Spanish stock market started the session in negative territory, although it later managed to reverse the trend and after mid-session it returned to the path of gains which it maintained until the close.
Wall Street, which did trade yesterday, ended in the green and this Wednesday has also started the session in positive territory; the Dow Jones Industrials, its main indicator, was up 0.02% at the start of the session and at the close of the European markets it was up 0.14%.
In Spain, the government has approved the extension of some of the provisions of the package of measures to mitigate the impact of inflation.
Among these, the temporary taxes on banks and energy companies are extended for a further year (fiscal year 2024 to be settled in 2025), as a preliminary step to the promised review of both figures to make them permanent.
The extension of the bank tax takes its toll on Sabadell and Bankinter on the IBEX 35.
In this context, the two stocks that fell the most this session were two banks with their main business in Spain: Sabadell, which fell 2.56%, and Bankinter, 2.12%, following the extension of the special tax on banks. They were followed by Enagás, which fell 0.93%.
Among the stocks that have risen the most, Acciona Energía led the rallies, gaining 2.16%, followed by Solaria Energía, up 1.58%, and Acciona, up 1.48%.
Among the large stocks, Repsol rose 1.06%; Inditex, 0.51%; Santander, 0.05%; BBVA also 0.05%. On the other hand, Iberdrola fell 0.21% and Telefónica 0.36%.
With the euro at 1.11 dollars, the European stock markets also ended with gains; London rose 0.36%, Milan 0.22%, Frankfurt 0.21% and Paris 0.04%.
Rises were also the trend on the Asian stock exchanges, where before the opening of the European markets it was reported that the profits of the main industrial companies in China slowed their fall (down 4.4 %) compared with the falls of previous months.
Tokyo’s Nikkei rose by 1.13 %, the Shanghai Stock Exchange by 0.54 % and Hong Kong by 1.74 %.
On the commodities market, Brent crude oil, the benchmark in Europe, fell 0.94 % to 80.31 dollars per barrel at the close of trading on the European stock exchanges and gold rose 0.62 % to 2,068.46 dollars per ounce at the same time.
In the debt market, the Spanish ten-year bond fell 6.3 basis points to a yield of 2.81%.
