The Ibex 35, one step away from 17,200 points: Cellnex and Acerinox drive the index to maximums

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By Jack Ferson

The IBEX 35 closes with slight increases, of 0.13%, at 17,195.80 points. Leading today’s advances is Cellnex, which adds 1.86%, closely followed by Acerinox, which adds 1.82%. Among the declines, Unicaja stands out, dropping 1.37%, compared to the 0.61% lost by IAG.

The selective returned to activity today after having been closed last Thursday (Christmas) and Friday, having only opened half a session on Wednesday (Christmas Eve). Last Tuesday the Ibex reached what until today was its all-time high, at 17,182.80 points and on Wednesday an intraday record of 17,206.50 points. In this way, the index is approaching a 50% revaluation this year, in the absence of the last two sessions, tomorrow and Wednesday, New Year’s Eve.

Among the business news of the day, Iberdrola today announced the development of the largest private roof-mounted solar self-consumption system in Australia. The systems will generate about 11.6 GWh per year of solar energy, the company says.

One of the great protagonists of the day has been Indra, sensitive to the geopolitical panorama. The president of the United States, Donald Trumpand his Ukrainian counterpart, Zelenskynoted that progress had been made in talks to end the war, but acknowledged that there were still “one or two very thorny issues.”

Trump was seeking a peace deal before Christmas, but Ukraine and Russia remain far apart on the territorial concessions demanded by Russia and the security guarantees Ukraine craves.

Amper has been awarded two contracts in Mauritania worth 12 million euros.

An aeronautical communications and air navigation contract, awarded by ENAIRE, with a value of 5.09 million euros, and an airport modernization contract, awarded by ASECNA, which has a value of 6.94 million euros.

On the other hand, Banco Sabadell today distributed its second interim dividend based on 2025 results, for an amount of 0.07 euros per share, which represents a total disbursement of 370 million euros.

The macroeconomic agenda today came with hardly any macro references, beyond those that may exist tomorrow, with the advanced CPI and Spanish retail sales. “In the coming days, activity on the stock markets will be reduced, with many agents waiting for 2026 to begin to start making decisions,” he noted before today’s session. Juan J. Fernández-Figares, of Link Securities.

Given this lack of figures, the European stock markets close the session this Monday with the German Dax rising 0.11%, at 24,366 points, the French CAC 40 scores 0.10%, at 8,112 points, the FTSE 100 in London gives up 0.05%, at 9,865 points, the FTSE MIB subtracts 0.37% to 44,442 points, while the EURO STOXX 50 adds 0.12%, at 5,753 points.

Wall Street opened today with the Dow Jones down 0.20% to 48,614.41 points, weighed down by NVIDIA. The S&P 500 fell 0.43% to 6,900.06 points, while the Nasdaq fell 0.74% to 23,417.63 points.

In Asia, the main stock markets ended the session with a mixed tone, with hardly any variations, in an environment of little activity. In Tokyo, the Nikkei index closed falling 0.44% to 50,526.92 points, after it was learned that monetary policy makers at the Bank of Japan debated the need to continue raising interest rates after the December increase.

In China, the CSI 300 fell 0.38%, compared to the 0.04% recorded by the SSEC from Shanghai and the 0.71% that was left Hang Seng de Hong Kong.

Regarding fixed income, the reference 10-year Spanish bond offers a yield in the secondary market of 3.251%, which leaves the risk premium with respect to its German counterpart at 42.20 points. On the other side of the pond, the 10-year US bond obtains a yield of 4.122%.

Already in the raw materials market, the oil prices rises, with investors weighing the outcome of talks between the presidents of the United States and Ukraine on a possible deal to end the war in Ukraine, as well as tensions in the Middle East, which could disrupt supply.

In this way, the Brenta reference in Europe, rose 2.3%, to $61.64 per barrel, while West Texas Intermediate futures added another 2.3% to $58.06.

The Euro Dollar drops 0.11%, establishing the exchange rate at 1.1759 dollars for each community currency. Reviewing the main cryptocurrencies, Bitcoin barely moves, above $87,600, while Ethereum falls slightly, above $1,930.

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