Spanish stock market rises to 12,000 points

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The Spanish stock market reached the 12,000 point mark on Friday (September 27, 2024), a level that it has not reached for almost fifteen years, since January 2010. At 9:29 a.m., the IBEX 35, the main Spanish selective index, rose 0.39% to 12,000.2 points. The cumulative profit for this year is 18.79%.

Within the Spanish indicator, Puig and Repsol stand out with an increase of 1.77% and 1.68% respectively. Inditex, the main stock in the selective index, rose by 1.24%, Telefónica by 0.34% and Iberdrola by 0.11%. Santander fell 0.26% and BBVA fell 0.68%. Sabadell, which trades ex-dividend, lost 4.3% (excluding this effect it fell 0.41%), while Solaria fell 2.68%.

Like the Spanish market, the other European markets also recorded gains: Milan rose by 0.39%, Paris by 0.30%, Frankfurt by 0.13% and London by 0.12%. Brent, the European crude oil benchmark, is currently down 0.20% at $71.44.

The euro is trading at $1.113, while gold, which hit a new high on Thursday, fell 0.33% to $2,661.75 an ounce. On the debt market, the yield on the ten-year Spanish bond is 2.9%, and the risk premium compared to Germany is 78 basis points.

Source: Agencies

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