With only one session left to conclude the penultimate month of the year on the stock market, Spanish equities can boast of being the one that is showing the greatest strength within a context, the European one, in which the latest falls have caused move away from the results that the American company is achieving.
However, the Ibex maintains increases of around 15% in 2024 despite the fact that November has not been a particularly good month and, in fact, The national selective has fallen, with the last day remaining, by 0.5%. Within the index, the companies that have performed the best these days have been IAG, Acerinox, Acciona Energía, Logista and Ferrovial.
The airline is already the most bullish company on the Ibex 35 in the year with an advance of more than 75% in 2024. Much of this increase has been made during the month of November, in which its shares have risen more than 25%. The airline group presented financial results for its third quarter of the year that completely convinced analysts (with an increase in valuation by the majority) and investors. Thanks to the strong demand for travel during the summer season and its commitment to long-haul connectivity on both sides of the Atlantic, IAG recorded a profit after tax of 2.34 billion euros, 8.8% more than the previous year (which were 2,151 million euros).
Acerinox is a different case since the good performance in November, the month in which its shares about 13% have been scoredthey only manage to make up the numbers for the entire year, in which they still lose more than 10%. The steel company has already announced a drop in its profits and sent a pessimistic message to the market by predicting that demand will continue to decline. However, the Republican victory in the US has been seen as a catalyst for the company.
Acciona Energía, Logista and Ferrovial have also shone above the index average this month, thanks to progress of between 8 and 5%taking advantage of the presentation of its quarterly results. However, in the renewable subsidiary of Acciona, there is also a shareholding factor since the parent company has increased its participation by more than 5%, up to 88%, precisely with the intention of pushing the value, which this year is between the most bearish on the Ibex, with a fall of more than 27%.
Rovi, the most bearish
The month of November has been particularly bad for Rovi’s interests. The pharmaceutical company has presented its third quarter results, in which, in addition to announcing a reduction in its profit due to the burden of third-party manufacturing, it predicted an additional drop in income during 2025 of 20%. This sharp fall in the stock market has been seen, on the other hand, as a buying opportunity and several analysts have improved their recommendation in recent weeks, leading the company to receive one of the best recommendations on the Spanish stock market. Your titles they lose more than 18% this month.
The second worst value of the month was Grifols. Despite the fact that the first three weeks, in the heat of the offer that Brookfield was preparing to delist it from the stock market, supported its price above the price that was finally announced, which was 10.5 euros, this Wednesday, through the CNMV , the fund announced its withdrawal from the operation, causing a collapse in value of 9% in that session and another 12% on Thursday. However, the Catalan it is left around 16 points in November already 44 in the total of the course.
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