The Ibex 35 softens its fall to 0.58% with Santander and Puig Brands losing more than 3%

Jul 25. () –

The Ibex 35 has managed to soften its fall to 0.58% in Thursday’s session and closed at 11,145.6 points, in a session in which the falls in the share prices of Santander (-3.21%) and Puig Brands (3.66%) stood out.

The index’s red comes after the wave of stock sales in the United States spread to Asia early this morning.

Specifically, during Wednesday’s session, the US markets recorded sharp falls, with the Nasdaq losing 3.64% and the S&P 500 falling 2.31%. The falls have been particularly notable among technology stocks or large-cap stocks, such as Alphabet or Tesla.

This readjustment of investor expectations spread to Asian markets early this morning, with the Japanese Nikkei closing down 3.28% and the Hang Seng falling 1.77%.

During Thursday’s session, which was a holiday in part of Spain, investors were not given any major national macroeconomic references.

However, the new US GDP data was published, which grew by 0.7% between April and June compared to the previous quarter, while a multitude of results from international companies continued to be released.

At the close of trading on Thursday, the stocks that have fallen the most are Puig Brands (-3.66%) and Banco Santander (-3.21%), although the financial institution has managed to partially recover given that at mid-session it experienced a drop of 4.59%, despite having presented record results yesterday that beat market expectations in several metrics.

They are followed by Logista (-2.4%), Bankinter (-2.07%), Sacyr (-1.65%), Caixabank (-1.55%), Unicaja (-1.54%), Cellnex (- 1.32%), Sabadell (-1.16%), Grifols (-1.05%).

Likewise, with falls below 1% were: Solaria (-0.89%), Indra (-0.77%), BBVA (-0.74%), Ferrovial (-0.73%), Fluidra (-0.65%), Repsol (-0.64%), Inditex (-0.6%), Acerinox (-0.46%), Mapfre (-0.37%), ACS (-0.36%), Arcelormittal (-0.24%), Aena (-0.05%) and Acciona Energía (-0.05%).

Meanwhile, 12 stocks ended the session with positive trading, namely: Naturgy (+2.15%), Acciona (+1.5%), Iberdrola (+1.46%), Telefónica (+1.29%), Merlin (+1.26%), Rovi (+0.97%), IAG (+0.77%), Enagas (+0.44%), Amadeus (+0.3%), Endesa (+0.28%), Redeia (+0.24%) and Colonial (+0.1%).

As for the European stock markets, London lost 0.66%; Paris, 1.15%; Frankfurt, 0.45%; and Milan, 2.03%.

Brent crude oil rose 0.33% to $81.98, while West Texas Intermediate (WTI) crude oil reached $78.11, up 0.75%.

On the debt market, the yield on the 10-year Spanish bond fell to 3.243%, from 3.287% at the close on Wednesday. The risk premium thus rose to 82.9 basis points.

On the foreign exchange market, the euro appreciated by 0.19% against the dollar, trading at an exchange rate of 1.086 euro for each unit of the common currency.