The stock market of our country returns to the laterality unable to move while waiting for news in the case of France, with an impasse these days waiting for a direction in the case of his prime minister and the government yet to be composed. In this environment the indicator barely shows any signs of moving with investors so cautious that they have made gold reach levels never seen to date, exceeding $4,000 per ounce.
The IBEX 35 closes the session with cuts of 0.19% to 15,527 points with the cuts of companies such as Naturgy (Gas Natural) 4.08%, Solaria 4.06% and Laboratorios Rovi 2.64% and the gains of Indra 2.58%, Puig Brands B 1.65% Acerinox 1.6% in this second trading session of the week.
Among the protagonists, and beyond the fact that the arrival of profit taking in Solaria is news, Naturgy (Gas Natural) is the other most punished value of the session.
The company has carried out an accelerated placement of 3.5% of its share capital, which it held in treasury stock after the self-takeover bid that the energy company completed last June. As reported to the National Securities Market Commission (CNMV), it has placed 34,100,000 of its own ordinary shares among qualified investors through JP Morgan. The execution price of the sale was 25.9 euros per share, which is equivalent to the same price at which the recent partial takeover bid for treasury shares of 26.5 euros per share was carried out, discounting the first interim dividend of 2025 of 0.60 euros per share, paid in July.
After the execution of this transaction and those carried out last August, Naturgy’s free float will be approximately 18.7% of its share capital. The treasury stock is reduced to 0.94%.
The market is also still awaiting BBVA’s hostile takeover bid for Banco Sabadell, when there are only a few days left, until Friday, October 10, for the acceptance period to end, although it will not be known, remember, until October 17
With several pieces of news, the CEO of Banco Sabadell, César González-Bueno, has assured that only 1% of the shareholders who are clients of the bank had attended the takeover bid until this Sunday night, which is equivalent to 0.33% of the total shareholders. This morning, without going any further, Zurich, which controls 4.9% of the capital of Banco Sabadell, will not attend the takeover bid launched by BBVA, a setback for the entity chaired by Carlos Torres, Sabadell’s second largest shareholder.
He said this in a meeting with shareholders to explain the rejection of BBVA’s latest offer, together with the president of the entity, Josep Oliu, in which he reiterated that acceptance «could reach 30%, but it is very difficult.»
Also in the news today is Ferrovial, which has agreed to redeem a maximum of 10.5 million of its own shares, with a market value of around 535 million euros, as part of its shareholder remuneration plan. These are 6,300,460 shares of the company acquired in 2025 within the framework of the repurchase plan approved in 2024 and up to 4,199,540 shares acquired in the plan approved in 2025, as reported to the CNMV.
Among the best of the day, we find Indra. Thanks to the fact that he has won the contract for the sale of tickets and access controls for the London Underground that the Spanish company has just won. It was the great favorite to take it, worth 1,570 million euros and which has been resolved after months of waiting, because it was scheduled for resolution this summer.
Good news for Bankinter and the rest of the market, since its 44.8 euros per share leaves a margin for improvement on the value of 15.5%.
And more about recommendations, since we have known the strong support of Renta 4 to Iberdrola, with an improvement in both the recommendation and the target price that puts the stock on track to comfortably exceed its historical highs. Specifically, the firm has decided to raise the advice from ‘underperform’ to ‘overweight’, while the target price goes from 16.60 to 18.60 euros.
This new assessment not only represents a upside potential of 14.60% compared to yesterday’s closing, Monday, but, if achieved, it would mean marking a new all-time high: Until now, the highest crossing that the company chaired by Ignacio Galán has reached is 16.78 euros since the 22nd of last August.
Of in the rest of Europewe see again how the mixed trend and levels close to the opening They are imposed in a general way, with less tension in the Parisian CAC 40.
At the end of the session, he EURO STOXX 50 which drops 0.26% to 5,614 points, the CAC 40 gains 0.04% to 7,974 points, the DAX sube 0.04% to 24,391 points, and the session in London ends for el FT 100 with increases of 0.02% to 9,481 points.
On Wall Street, negligible cuts to indicators, while, in the corporate sphere, with the maintenance of the government closure, he quarterly results season has started this week waiting for the highlights of PepsiCo y Delta Air Lines this Thursday.
It is estimated an average increase in earnings per share for the S&P 500 of 8.8% according to calculations by Bankinter analysts. In the second quarter, earnings per share rose 13.8%, compared to the 5.8% expected before the first company’s publication. In the first quarter it increased 13.7%, compared to the 6.7% initially expected.
One of the first companies to publish its accounts has been Constellation Brands which registers advances of more than 4.5% after exceeding Wall Street estimates. The company behind Corona beer posted adjusted earnings per share of $3.63 per share, compared to the $3.38 expected by the market. Revenue fell 15% to $2.48 billion, but beat analysts’ forecast of $2.46 billion.
At the close of the Spanish stock market, the DOW JONES gives up 0.18% to 46,612 points, the S&P 500 drops 0.12% to 6,732 points and the Nasdaq OMX It falls 0.10% to 22,920 points.
In fixed income, asset returns are rising again in the face of French tensions, with the 10-year Spanish bond, with increases of 0.40%% to 3.269% while the German bund presents advances of 0.25% to 2.7238%. The Spanish risk premium rises 0.85% to 54.45 basis points.
In raw materials, with slight falls for barrel futures. He Brent that gives up 0.21% to $65.33 while West Texas places its price at $61.62 and drops 0.10%.
He Oro is placed at historical highs above $4,000 per ounce, in its futures, for the first time. It advances 0.75% to 4,005.92.
Of Bitcoin loses almost 2% and places its price at $122,625 and the relationship Euro Dollar in which the common European currency once again lost positions of 0.4% and placed the relationship between both currencies at 1.1665 units.