The Ibex 35 has surpassed this Tuesday for the first time since February 2020, when the covid was in full spread, the level of 10,000 points, thus recovering almost four years later the capitalization lost with the pandemic and the invasion of Ukraine .
The index of the 35 largest corporations listed in Spain closed today's session at 10,003 points, after rising 0.68%, or 67 points, compared to Monday.
Between the end of December 2018, when it reached 8,500 points, and February 2020, the Ibex had advanced almost constantly, with a revaluation of 17%. On February 17, 2020, it exceeded 10,000 points and remained above that threshold for two days, until February 19, at which point it began a dizzying fall.
The epidemic caused it to lose 33% in a few days, between February 19 and April 3. The recovery has been slow and with ups and downs: it rose strongly at the end of 2020, when the covid vaccines were announced, and suffered from the volatility associated with the invasion of Ukraine and its effects on raw materials.
However, so far this year, his performance has been exceptional. After falling 5.6% in 2022, it has risen 19% since January and is now 55% above the minimums recorded in these three years. Banking and energy companies are the values that have driven the selective in the last two years of inflation and rate increases.
In this Tuesday's session, the Merlin REIT, with a rise of 4%, had the best performance, followed by the banks. BBVA has risen 2.2%, Unicaja 1.8%, Santander 1.6%, Bankinter 1.5%, Sabadell 1.2% and CaixaBank 0.8%.
By capitalization, Inditex continues to be by far the largest listed Spanish company, with 116,002 million euros at today's close, ahead of Iberdrola's 71,631 million, Santander's 64,557 million and BBVA's 51,220 million.
The business results of large companies recorded a rebound in the third quarter of the year despite the slowdown in the Spanish economy, which continues to perform better than that of the euro zone. Tourism companies and banks largely explain the good times of companies, supported by the strength of the labor market.
The highest historical value of the Ibex was reached in November 2007, with more than 15,700 points. A year and a half later, in March 2009, it was in half, at 7,400 points, although in June 2012 it reached the lowest value of the decade, of just 6,000 points. On October 11, 2002, with 5,600 points, it had reached its historical minimum.
