The Ibex 35 rises 0.76% at the close and exceeds 11,200 points

Jul 30 () –

The Ibex 35 closed the day in positive territory with a rise of 0.76%, with a bullish streak towards the end of the session that led the index to close at 11,202.6 points, with Unicaja being the stock with the worst performance in the index.

The Andalusian bank published its accounts on Tuesday, with a net profit of 294 million euros in the first half of the year, almost double that of the same period last year.

Among the battery of companies that have published their accounts on Tuesday are Indra (114 million profit, +27%); Prosegur (27.6 million, -22.2%); FCC (279.6 million, +9.2%); ACS (416 million, +8%); Faes Farma (58.4 million, +10%); Reig Jofre (5.5 million, -2.2%) and Dia (losses of 94 million, +40%).

However, investors’ attention on Tuesday was once again on Grifols, whose trading was suspended for almost two hours due to “incorrect accounting” in its accounts related to its participation in the Chinese company Shanghai RAAS and the collaboration agreement with InmunoTek.

In light of this, the company has decided to restate its accounts for the first half of 2024, with no material impact on results, cash flow generation or the leverage ratio. The company closed the period with a reported net profit of 36 million euros, compared to losses of 70 million in the same period of 2023, while net profit excluding extraordinary items was 152 million.

In the macroeconomic sphere, it has been learned that inflation fell by six-tenths in July, to 2.8%, due to lower electricity and food costs. Likewise, GDP grew by 0.8% in the second quarter of the year, the same as in the previous quarter, and accelerated its year-on-year growth by three-tenths, to 2.9%.

Eurozone GDP grew at a quarterly rate of 0.3% between April and June, in line with the first quarter. Year-on-year growth was 0.6%.

In this context, ACS has been the main value of the Ibex, advancing 4.37%. It was followed by Ferrovial (+1.95%), BBVA (+1.45%), Colonial (+1.44%), Inditex (+1.39%), CaixaBank (+1.16%) and Telefónica (+1.13%).

Among the stocks that have fallen the most within the selective index have been Unicaja (-5.15%), Rovi (-2.93%), Solaria (-2.24%), Indra (-1.98%), Naturgy (-1.32%, affected by the ‘ex-dividend’ effect) and Merlin (-0.75%).

The performance of the other European stock markets was positive on Tuesday, with the exception of London, which fell by 0.22%. Paris rose by 0.42%; Frankfurt by 0.49%; and Milan by 0.79%.

The barrel of Brent crude oil fell 1.55% at the close of the European trading session to $78.54, while West Texas Intermediate (WTI) crude oil was at $74.74, down 1.40%.

On the debt market, the yield on the 10-year Spanish bond was at 3.162%, compared with 3.183% at the close on Monday. The risk premium has thus been reduced by three-tenths of a point, to 82.1 basis points.

As for currencies, the euro fell by 0.11% against the dollar, trading at an exchange rate of 1.0809 greenbacks per unit of the common currency.