The Ibex advances 0.24% in the mid-session despite political uncertainty, with Sabadell skyrocketing (11%)

MADRID, 25 Abr.

The Ibex advances 0.24% in the mid-session despite political uncertainty, with Sabadell skyrocketing (11%)

MADRID, 25 Abr. (EUROPA PRESS) -

The Ibex 35 rose 0.24% in the mid-session this Thursday, reaching 11,054.3 points, despite the political uncertainty due to the announcement by the President of the Government, Pedro Sánchez, that he will reflect on the coming days about his continuity in office.

The main protagonist during this Thursday's session is Banco Sabadell, which advances 11%, leading the selective, after having published its first quarter accounts and announcing that it will begin its share repurchase program this Thursday.

The Catalan bank obtained a record attributable net profit in the first quarter, of 308 million euros, 50.4% more than in the same period of the previous year. The bank will have to face a payment of 192 million euros this year on account of the special banking tax.

Repsol has also announced its results with a net profit of 969 million euros in the first quarter of the year, which represents a drop of 12.9% compared to the 1,112 million euros it registered in the same period of the previous year. due to the drop in hydrocarbon prices, especially natural gas, the company reported.

Acerinox, on the other hand, recorded a net profit of 53 million euros in the first quarter of the year, which represents a drop of 61%. At the same time, Tubacex closed the first three months of 2024 with a profit of 4.8 million euros, 62.1% less.

Investors have also valued a contract by Urbas in Saudi Arabia to build 600 homes, as well as that Iberdrola has taken another step in its alliance with the Norwegian sovereign fund, managed by Norges Bank Investment Management, with the incorporation of 644 megawatts ( MW) additional renewable energy to the agreement that both companies had, which now reaches 2,500 MW.

In this context, behind Sabadell, the securities with the best performance of the selective were Rovi (6.91%), Unicaja (2.61%), CaixaBank (2%), Bankinter (1.68%), Merlin (1 .35%) and Acerinox (0.90%).

On the opposite side were Solaria (-2.08%), Naturgy (-1.76%), Indra (-1.36%), Fluidra (-1.27%), ACS (-1.20%), Ferrovial (-0.99%) and Acciona Energía (-0.84%).

The European stock markets offered a mixed sign in the mid-session, since only London evolved positively, advancing 0.70%. Paris fell 0.53%; Frankfurt, 0.58% and Milan, 0.04%.

Oil remained stable, with Brent at $88.04, up 0.02%, and WTI at $82.79, down 0.03%.

The yield on the Spanish bond maturing in 10 years stood at 3.368%, from 3.384% on Wednesday. In this way, the risk premium fell one tenth, to 79.5 basis points.

In the foreign exchange market, the euro appreciated 0.27% against the dollar, reaching an exchange rate of 1.0728 'greenbacks' for each unit of the community currency.

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