The Ibex 35 rises 1.27% at mid-session thanks to the boost from Repsol and banks

MADRID, 22 Nov.

The Ibex 35 rises 1.27% at mid-session thanks to the boost from Repsol and banks


The main indicator of the Spanish stock market, the Ibex 35, was reported to be 1.27% at mid-session encouraged by the rises of Repsol and the banking sector, which placed it at the gates of 8,300 points.

Specifically, at 12:00 noon, the selective added 104.4 points, equivalent to that 1.27%, which stood at 8,292 integers. The Ibex 35 was at that time the most bullish index on the Old Continent, since London rose 0.72%; Milan, 0.46%; Frankfurt, 0.22%, and Paris, 0.04%.

Investors were awaiting this Tuesday the OECD forecasts for the world economy and in Spain, the agreement on the measures that will be adopted to alleviate the mortgage burden of more than a million vulnerable families or at risk of vulnerability due to the rise in the eurybor.

On the Ibex 35, the average session highlighted the revaluation of Repsol, which summed up 5.93%. It followed Indra and Rovi, which registered a 4.05% and a 3%, respectively.

The banking sector was also trading in the green: CaixaBank was up 2.81%; Banco Sabadell, 2.44%; Bankinter, 1.73%; Banco Santander, 1.71%, and BBVA, 0.82%. On the contrary, Cellnex fell 1.26% and Fluidra, 0.71%.

In the continuous market, Ezentis stood out from the rest by adding 12.41%, while Montebalito was the most bearish company in the Spanish market at mid-session by plummeting 7.2%.

The barrel of Brent quality oil, a reference for the Old Continent, was at a price of 87.92 dollars at mid-session, with a rise of 0.54%, while Texas stood at 80.48 dollars, with an increase of 0.52%.

Lastly, the price of the euro against the dollar stood at 1.0286 'greenbacks', while the Spanish risk premium stood at 99 basis points, with the interest required on the ten-year bond at 2.992%.