The selective lives its best session since July driven by IAG and BBVA, shot up by 8% and 4.5%, respectively
The Ibex-35 shakes off doubts after its fourth week of falls to February lows, with the fear of new restrictions due to the omicron variant as a backdrop. Purchases were imposed this Monday with a strong rebound of 2.4% to 8,439 points
“The first studies on the new variant of the virus have been very well received by investors, who will bet once again on risk assets, specifically on equities and, within this, on the values most linked to the economic cycle”, They point from the Link Securities analysis department.
This evidence that current vaccines, at least, are controlling more omicron symptoms, encourages the market, with a spectacular rise of almost 8% for IAG, which leads the selective also encouraged by positive traveler data published by Norwegian. The airline moved more than a million in November for the second consecutive month.
At the top of the table, the rebound of other stocks has also stood out, especially in the banking sector. BBVA rose 4.5% at the close, while Sabadell recovered 3.8%. Meliá (+ 4.36%), Solaria (+ 4.14%), Aena (+ 3.11%), Inditex (+ 2.76%), Iberdrola (+ 2.76%) and Telefónica (+2, 53%) are also among the most bullish of the day.
Only three stocks have dismissed the session in negative: Grifols (-0.42%), Siemens Gamesa (-0.09%) and PharmaMar (-0.08%). And even Naturgy ends up rebounding 1.8% despite having dawned as the red lantern of the day, after Barclays analysts cut their advice on the company from ‘overweight’ to ‘like the market’.
It should not be forgotten that the movements on the parquet are much more striking in days of little negotiation such as this Monday, with the celebration of Constitution Day and the Immaculate Conception next Wednesday, festivities that will be taken advantage of by many market agents and investors to go on vacation.
Still, the market sentiment looks more positive. And that investors had everything against it from the first hour, when it was known that the real estate giant Evergrande was once again sinking in the stock market by 17% after recognizing that there are no guarantees that it can have the necessary funds to meet its obligations financial “In light of the current state of liquidity of the group, there is no guarantee that it has sufficient funds to continue fulfilling its financial obligations,” the company acknowledged in a statement.
In the commodity market, oil also reacts higher after the decision last week by OPEC + to update its increase in the rate of production if the pandemic aggravates demand, in addition to the announcement by Saudi Arabia to increase its prices . The price of a barrel of Brent, the benchmark in Europe, rises more than 2% to 71.5 dollars, while the American West Texas is close to 68 dollars.