After having achieved new historical highs yesterday at 17,132.6 points, the IBEX 35 made history again this Friday. The Spanish selective extends its rise in 2025 and anticipates the traditional Christmas rally, closing the session with advances of 0.22% that take it to a new closing record, at 17,169.80 points.
Furthermore, during today’s negotiation, the index has easily surpassed the psychological threshold of 17,200 integers, reaching an intraday maximum of 17,210.3 points and confirming the strength of a market that does not seem willing to take a break.
With today’s, they are already 12 historical records that the Ibex 35 has set so far this year. An exceptional year in which the index accumulated a revaluation of 48.2%, the second largest in its entire history. In it weekly balance, progress is around 2%a solid ending to a week marked by optimism, although not exempt from logical caution in the face of such demanding levels.
Today the The most bullish values have been Acciona (2.81%), Mapfre (1.60%) and Grifols (1.53%). On the other side, the The most penalized shares have been those of Telefónica (-1.72%), Naturgy (-1.51%) and ArcelorMittal (-1.45%).
Today’s biggest increases are for Acciona, which is in the news today for two very different reasons. On the one hand, and as published by Reuters, the company has made internal changes in the midst of the investigation of the ‘Cerdán’ case and a Special Commission has been created to reinforce regulatory compliance and the Construction division in Spain has been reorganized. The Commission has three independent external experts and three independent directors of Acciona. However, the company has denied having obtained improper advantages in the procedures investigated by the Supreme Court.
On the other hand, Acciona, in a consortium with the local company BRK, has been awarded the contract for the concession of treated water and sewage distribution services in 151 municipalities of Pernambuco, northeast of Brazil. The concession will have a duration of 35 years and will mobilize an investment of 2,380 million euros to expand and modernize sanitation and supply infrastructure.
Mapfre’s increases come hours after it was learned that the Ibex 35 insurer Mapfre has reorganized the structure of its manager, Mapfre AM, by creating new departments and redefining responsibilities. Among the main novelties, the creation of the Strategic Projects and Innovation Development Area stands out, which will integrate initiatives already underway, such as the incorporation of the Aladdin technological platform and the promotion of the Discretionary Portfolio Management business. Mapfre AM plans to exceed 700 million euros in net subscriptions in 2026, which is 55% more than what was captured in this year, 450 million euros.
Another of the main protagonists of the day is BBVA, which has informed the CNMV early in the morning that it will begin on December 22 an extraordinary share buyback program for a maximum amount of 3,960 million euros, after obtaining all the relevant authorizations. It is the largest buyback carried out by the entity to date.
Also in the financial sector, DZ Bank has lowered Banco Santander’s recommendation from ‘buy’ to ‘hold’, but has raised its fair value estimate from 9.60 to 10.00 euros per share. Analyst Philipp Häßler forecasts average annual earnings per share growth of 9% by 2028, driven by share buybacks.
In other news of the day, Fluidra has signed an agreement to purchase 100% of Variopool Holding BV, a company based in the Netherlands that specializes in the design, production and installation of mobile floors and walls for swimming pools, as well as water parks and underwater windows. Variopool has a staff of approximately 65 employees and is expected to generate sales of 25 million euros and EBITDA of around 3.5 million euros in 2025, according to what Fluidra has told the CNMV.
ACS has made the decision to activate the execution of a dividend that will be around 0.45 euros per share, which will be delivered in ‘scrip dividend’ format and is expected to take place next February 2026.
Other markets
He rest of European stock markets today’s session also ends in green. The DAX closed with increases of 0.41%, the CAC 40 added a slight 0.02%, the FTSE 100 rose 0.58% and the Euro Stoxx gained 0.29%.
Wall Street opened slightly higher today, with the Dow Jones, S&P 500 and Nasdaq attempting to consolidate yesterday’s gains. Specifically, the DOW JONES rose 0.19% to 48,042.14 points, the S&P 500 added 0.29% and the Nasdaq advanced 0.46%. In this market, today the US Department of Commerce should have published the reading of the personal consumption price index (PCE) for the month of November, but in the end this was not the case.
In commodity markets, Oil Futures prices are trying to stabilize but are on track to close lower for the second week in a row, as growing prospects for a peace deal between Russia and Ukraine offset concerns about supply disruptions due to the blockage of Venezuelan oil tankers. Brent crude oil, the benchmark in Europe, rose 0.43% to $60.08, while West Texas rose 0.50% to $56.28.
Gold is trading with advances of 0.29% at $4,345 per troy ounce, one step away from the historical records of $4,381 recorded on October 21
In the currency market, the euro is trading flat against the dollar until establishing an exchange rate of 1.1717 dollars for each single currency.
In the field of cryptocurrencies, Bitcoin rises 0.32% at $88,297.
In fixed income, the Spanish ten-year debt bond offers a profitability of 3.321%.