The Ibex 35 maintains the upward trend: it rises 1.3% in the mid-session and exceeds 11,000 points

He Ibex 35, The main index of the Spanish stock market closed the month of April with a monthly drop of 1.99% and stood at 10,854.4 points compared to the 11,074.6 points at the end of March. In this month, in which many companies and the entire large banking sector have announced their business results for the first quarter, the Ibex reached its minimum of 10,532 points and its maximum of 11,156 points.the highest daily close since 2015.

The last day of the month, marked by the announcement of a possible merger between BBVA and Banco Sabadell and the results of Santander and CaixaBank, was dominated by red and the main Spanish stock index ended with a fall of 2.22%.

In fact, the entity chaired by Carlos Torres led the losses, with a drop of 6.65% after confirming its interest in Sabadell, which, however, was the Ibex 35 company that revalued the most, up to 3.37%. %.

After BBVA, Santander (-3.74%) and CaixaBank (-3.24%) came in, despite the fact that both increased their profit in the first quarter by 11% and 17.5% respectively. Acciona Energa (-2.85%) and Acciona (-2.51%) also suffered relevant losses.

Instead, only six stocks ended with gains. Following Sabadell were Grifols (+2.32%), Rovi (+1.93%), Bankinter (+0.65%), Amadeus (+0.5%) and Unicaja (+0.33%).

Among the largest capitalization values, in addition to the losses of the banks, Inditex fell 2.33% and Iberdrola fell 1.24%.

The risk premium It improved to around 76 basic points, after finishing at 77.35 points in the previous session. At the end of March, it stood at around 86 points.

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Tarun Kumar

I'm Tarun Kumar, and I'm passionate about writing engaging content for businesses. I specialize in topics like news, showbiz, technology, travel, food and more.

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