Ibex 35: A Sectoral Overview
The Ibex 35 has performed remarkably well in recent sessions, reaching an intraday high of 12,000 points, thanks to the solid performance of several market sectors.
Telecommunications
The telecommunications sector has been the main driver of the index, led by Telefónica. The company experienced a strong boost following a favorable European court decision regarding its German subsidiary, E. Plus. This endorsement helped Telefónica to lead the market and thus lift the index above 12,000 points.
Construction and Infrastructure
The construction and infrastructure sector also played an important role, with ACS standing out in the index. Its positive performance helped to keep the Ibex 35 at high levels, consolidating its position above 11,900 points.
Energy
In the energy sector, Iberdrola reached a significant milestone of over 14 euros per share, consolidating its capitalization at close to 90 billion euros. This success not only reflects the strength of the company, but also the confidence in the energy sector within the index.
Retail
Inditex, the retail giant, has shown solid resistance by adding 0.81% to its value, which also contributes to the overall thrust of the Ibex 35. Inditex's stability and growth are crucial to maintain confidence in the sector.
Banking
On the other hand, the banking sector faced difficulties. Bankinter and BBVA led the falls, with declines of 1.65%. The pressure on banks has become evident, limiting the growth of the index on a day when optimism predominated in other sectors.
Conclusions
As the Ibex 35 seeks to break above 12,000 points for good, the combination of strengths in sectors such as telecommunications, construction, energy and retail contrasts with the difficulties in banking. The market's attention will be focused on how these sectors continue to evolve in a changing economic context.
Ion Jauregui - ActivTrades Analyst
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Telecommunications
The telecommunications sector has been the main driver of the index, led by Telefónica. The company experienced a strong boost following a favorable European court decision regarding its German subsidiary, E. Plus. This endorsement helped Telefónica to lead the market and thus lift the index above 12,000 points.
Construction and Infrastructure
The construction and infrastructure sector also played an important role, with ACS standing out in the index. Its positive performance helped to keep the Ibex 35 at high levels, consolidating its position above 11,900 points.
Energy
In the energy sector, Iberdrola reached a significant milestone of over 14 euros per share, consolidating its capitalization at close to 90 billion euros. This success not only reflects the strength of the company, but also the confidence in the energy sector within the index.
Retail
Inditex, the retail giant, has shown solid resistance by adding 0.81% to its value, which also contributes to the overall thrust of the Ibex 35. Inditex's stability and growth are crucial to maintain confidence in the sector.
Banking
On the other hand, the banking sector faced difficulties. Bankinter and BBVA led the falls, with declines of 1.65%. The pressure on banks has become evident, limiting the growth of the index on a day when optimism predominated in other sectors.
Conclusions
As the Ibex 35 seeks to break above 12,000 points for good, the combination of strengths in sectors such as telecommunications, construction, energy and retail contrasts with the difficulties in banking. The market's attention will be focused on how these sectors continue to evolve in a changing economic context.
Ion Jauregui - ActivTrades Analyst
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
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