The IBEX 35 closed with a rise of 0.5% to 11,531.60 points.
The Madrid selective ends the week with a positive balance (+0.56%) using as a reference the 11,467.30 points at the close of December 20, after a week at half throttle due to the semi-festive weather and which has been shorter than usual .
In the final stretch of 2024, the Ibex 35 accumulates an advance of more than 13.5%. It must be taken into account that there is only one full day of trading left, that of Monday the 30th, since on the 31st the market will close at 2:00 p.m. Spanish peninsular time.
In a session of low trading volume typical of these dates, we must look to the big banks to find those truly responsible for today’s advances: Banco Santander has advanced 1.55%, while BBVA has risen 1, 44%. Special mention for Indra, which gained 1.44% and led the market for much of the session. On the decline side, Acciona has fallen 1.27% and its renewable subsidiary, Acciona Energías Renovables, has dropped 1.26%.
Indra has also come to the fore after learning that UBS has reduced its stake in the company, going from 3.148% to 2.316%. The Swiss financial institution owns a package of 4,092,304 Indra shares, whose current market value is around 70 million euros.
Among the protagonists of the day was also Ferrovial, which today distributed an additional cash dividend of 25 million euros, in view of the cash forecasts for this year, which will allow the total dividend to be increased to 130 million euros. in cash this year
Meanwhile, Iberdrola is among the values with the most potential for analysts in the next year. Bet on it in its portfolios, Renta 4, Bankinter and also XTB, among others due to its dividend profitability and its defensive nature.
Amadeus has delivered 56.9 million euros in shares to its bondholders to date, equivalent to 1,074,778 shares, within the conversion process of bonds maturing on April 9, 2025. The current conversion price is 52. 9409 euros per share.
In the Continuous Market, the great protagonist of the day has been OHLA, which has touched increases of 20% at times. The company continues to advance its recapitalization plan and has already secured 50% of the funds from its second capital increase of 80 million euros. Added to the first capital increase of 70 million euros already executed, the insured funds now amount to 110 million euros out of a total of 150 million euros that the company is seeking to fulfill its recapitalization plan, that is, the 73% of the total.
It should also be taken into account that BME has announced today that The General Index of the Madrid Stock Exchange (IGBM) will be made up of 111 companies in the first half of 2025one more than at the end of 2024, as the additions of Cox, Inmocemento, Inmobiliaria del Sur and Ingotes Especiales occurred in parallel along with the terminations of Arima Real Estate, Prisa and Soltec.
On today’s macro agenda, this morning the retail sales data for November was published in Spain, with an increase of 2% after registering an increase of 3.5% year-on-year in October. There are five consecutive months of growth.
In the US, the trade balance for November was released, which showed a deficit of 102.86 billion dollars, higher than expected. Additionally, the Department of Commerce has announced that the volume of wholesale inventories fell 0.2% in November. The figure for retail inventories, excluding the evolution of the automotive sector, rose 0.6%.
Falls on Wall Street to close the week
In the rest of the European stock markets, the EURO STOXX 50 has risen 0.85% to 4,899 points, while the DAX has gained 0.66%. In Paris, the CAC 40 rose 1.0% and in London the FTSE 100 rose a slighter 0.14%.
On Wall Street this Friday’s day is marked by falls, moving the possibility of the long-awaited Santa Claus rally a little further away. The DOW JONES has opened lower and at mid-session it has already fallen 0.8%, although it still manages to save the week in a positive way. Falls of 1.2% for the S&P 500, while the technology-heavy Nasdaq is down almost 2% at this time.
During the European morning, the Asian indices closed higher, driven by the bullish close in Japan, influenced by the weakness of the yen, highlighting the publication of a battery of macroeconomic data in Japan (unemployment rate that was in line with expectations, production industrial, which fell less than expected and retail sales, which were better than expected.
In this way, the Nikkei 225 in Tokyo added 1.77% to 40,277.50 points. The Chinese CSI 300 index advanced 0.1%, while Hong Kong’s Hang Seng appreciated 0.3% after Thursday’s holiday.
In raw materials markets, Oil prices headed for a weekly gain, driven by expectations of an economic recovery in China, the largest oil importer in the world, and by forecasts of lower inventories in the US. The benchmark Brent in Europe rises 0.78% to $73.42 per barrel, while US West Texas futures advance 0.96% to $70.29.
The euro exchange rate remains barely unchanged against the dollar, at $1.0424 for each single currency. The greenback is on track for its best year since 2015.
In fixed income, the yield on the ten-year US debt bond is at seven-month highs, around 4.6%. The reference Spanish bond, for its part, pays 3.062%, which leaves its risk premium against Germany at 68 basis points.