The selective chained its sixth consecutive session of advances in a day marked by the quarterly expiration of options and futures
The Spanish stock market closed the last session of the week with a timid advance of 0.07%, which, at least, allows the Ibex-35 to hold the 8,400 points and chain its sixth consecutive day of increases.
For the week as a whole, the indicator accumulated a revaluation of 3.4% to 8,417 points, one step away from recovering everything lost since the outbreak of the war in Ukraine, when it was around 8,440 points.
although volatility has been very present in these days. Especially on Friday, with the quarterly expiry of options and futures on indices and shares, known as the first ‘quadruple witching hour’, which was also the first of the year.
From the analysis department of Link Securities they indicate that «trying to draw conclusions about the real state of the markets in sessions like this Friday is very complicated, since maturities largely condition the behavior of the markets and tend to increase volatility in them”.
Therefore, they consider that it will be necessary to wait until next week to confirm whether the recent “relief rally” in the stock markets, which has allowed many of its indices to recover more than 10% from their recent lows, is capable of continuing or, on the contrary, it can be terminated.
In Friday’s session, the biggest increases were presented by Aena (+5.89%), PharmaMar (+3.68%), Grifols (+3.09%), Fluidra (+3.09%), Indra (+ 2.47%) and Almirall (+2.34%).
At the bottom of the table stood out Repsol (-2.38%), ArcelorMittal (-2.30%), ACS (-2.19%), Acerinox (-1.81%), Bankinter (-1.31 %) and Banco Sabadell (-1.10%).
In the raw materials market, the break in new news about a possible agreement between Russia and Ukraine to stop the war caused a sharp rise in oil prices on Thursday.
A rise that was maintained on Friday with increases of 1.6% for the barrel of the Brent rate, a reference in Europe, which is placed again at 109 dollars. For its part, the US West Texas rises much more strongly to exceed 105 dollars.
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