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Home Stocks News The Ibex up the week with a rise of 1.4% which brings...

The Ibex up the week with a rise of 1.4% which brings it close to the 6,900 points

The Ibex 35 saves a week pretty loose on what to profits are concerned. The selective Spanish bids farewell to the Friday session with a rise of 1.4% that serves to get closer to the 6,900 points, with a breakthrough in the first nine months of the week of 0.6%.

It is true that, if the season results do not give any shock to the investors, everything points to the Spanish stock market closed October in positive. But the market environment remains very tense and any negative surprise can turn the tide of losses. Especially in the face of uncertainty growing about the impact of the new restrictions against the pandemic in Europe on the economy.

For the moment, investors in the Old Continent continue to be given to Wall Street and to the negotiations for the approval of a possible plan of fiscal stimulus that, according to both experts, it will be difficult to see before the elections in the country.

Without macroeconomic data reference this Friday, the bench has gotten a good part of the blame for the comeback in the last session of the week. Waiting for the round of results in the sector over the next few days, Banco Sabadell it has been placed as the most bullish sector, with a strong rise of 5% which leaves your quote of 0.28 euros per share.

However, Banco Santanderbecause of its higher weight in the selective value is the bank that has pushed upward, with increases of 3.3% to close up to 1.74 euros per share. The entity achieved a revaluation of more than 5% on the week, being the second-best sector behind BBVA, up by 7.5% in the accumulated of the last five sessions (and more than 2.8% on Friday).

Advances of more than 3% also for Bankinter, that Thursday showed a fall in profit by half after applying other 51 million euros due to the crisis in the third quarter. Your quote is seen supported on Friday by a good recommendation on the part of the analysts Deutsche Bank, that have located their target price on 5,25 eur.

The tourist values are also very grateful to this Friday the decision of Germany and the United Kingdom to remove the restrictions of flights to the Canary islands by the pandemic. In fact, the hotel chain Meliá leads the close ups of the Ibex with a preview of the 5,76% to let your graphic above the 3.2 euros per share.

For its part, IAG retrieves a 3.5% making it the best value in the Ibex this week with a rise of over 9% until leave your quote in the 1,19 euros.

Cellnex it also strengthens as the 53 euros after announcing its entry in Poland with the purchase of 7,000 towers of telecommunications, while other large values such as Repsol and Telefónica have also played in favor of the climbs this Friday.

In the lower part of the table we found only four values that today can not manage to dismiss the session in green: Solaria, Pharmamar, Iberdrola and ArcelorMittal.

Ryan Helton
Ryan Heltonhttps://etrendystock.com/
A Stock enthusiast since childhood, Ryan is known for his impeccable knowledge in the technology and gadgets niche. He has been working with eTrendy Stock as a contributor for most stock category and his articles are always well-researched and accurate.

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