The IBEX 35 rose to 11,070 on Friday, its highest in 3 weeks, taking a lead from Wall Street, as strong tech giants results boosted the sentiment ahead of publication of the US PCE data. The index was driven by Acciona (4.7%), Acciona Energia (4.5%), Banco Sabadell (4.1%), Grifols (2.8%), and Solaria Energia (2.7%). The board of directors of Acciona Energía will propose to its ordinary general meeting of shareholders in June, the distribution of more than 158 million euros in dividends for 2023. The payment will be a gross amount of 0.48 euros per share, more than expected. Meanwhile, Banco Sabadell received an improvement in the target price from Barclays and JP Morgan. Also, heavyweights Banco Santander (2%), Iberdrola (1.3%), and BBVA (1.3%) increased. Iberdrola's target price was revised higher by five analyst houses since its accounts presentation. On the negative side, Repsol and Laboratorios Farma dropped by 1% each. Weekly, the index was set for around a 3% gain.
The main stock market index in Spain (ES35) increased 976 points or 9.66% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Spain. Historically, the Spain Stock Market Index (ES35) reached an all time high of 16040.40 in November of 2007. Spain Stock Market Index (ES35) - data, forecasts, historical chart - was last updated on April 26 of 2024.
The main stock market index in Spain (ES35) increased 976 points or 9.66% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Spain. The Spain Stock Market Index (ES35) is expected to trade at 10859.75 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 10239.58 in 12 months time.