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The Ibex 35 rises 0.94% and recovers 10,000 points boosted by Meliá (10%) and very important values

MADRID, 20 Feb.

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The Ibex 35 rises 0.94% and recovers 10,000 points boosted by Meliá (10%) and very important values


The Ibex 35 posted the best result on the European continent this Tuesday with an increase of 0.94%, which allowed it to recover the level of 10,000 points two weeks later - specifically, it closed at 10,038.2 integers -, thanks to the advances of Meliá Hoteles (10.95%) and other large capitalization values, such as Banco Santander, Iberdrola and Inditex.

In a day devoid of macroeconomic references and in which the news has come from the business sphere, the Spanish selective started with slight advances, got some air at midday and ended up boosting itself with the return to activity on Wall Street - yesterday remained closed for a holiday - although the New York indices were in favor of declines at closing time in Europe.

In the Spanish market, this day the bearish firm Gotham City Research has once again gained prominence, which has launched a new report raising new questions about the relationship between the pharmaceutical company Grifols and Scranton, a 'family office' in which the Grifols family participates.

After being pleased that his previous complaints have motivated changes in the corporate governance of Grifols, which have resulted in the separation of family members from the management of the blood products company, Gotham focuses his new battery of questions on the role of Scranton in the firm's operations.

The listed Spanish company has issued a statement in which it alleges that it has already answered "each of their malicious and misleading questions" from Gotham. Thus, the Catalan company, which lost more than 7% in the session, has recovered ground and closed with a drop of 0.36%.

In the rest of the business field, yesterday it was known with the market already closed that the Moon GC investment vehicle

For its part, Enagás has informed the market this morning that it obtained a net profit of 342.5 million euros in 2023, which represents a drop of 8.8% compared to the 375.8 million euros of the previous year. , although it allows the group to smash the annual objective that had been established in a range of 310-320 million euros.

For its part, Banco Santander will begin this Tuesday to execute the share repurchase program for an amount of 1,459 million euros announced yesterday by the entity after obtaining the relevant regulatory authorization.

Along similar lines, the CEO of CaixaBank, Gonzalo Gortázar, has indicated this day the entity's intention to execute a third share buyback program in 2024, which is pending approval by the supervisor.

Given this situation, Meliá has been the listed company that has advanced the most of the entire selective, with an increase of 10.95%; Behind them, values ​​such as Enagás ( 2.58%), Redeia ( 1.82%), Banco Santander ( 1.67%), Caixabank ( 1.54%), Aena ( 1.34%), Bankinter ( 1 .2%), Telefónica (1.13%), Inditex (1.08%) and Iberdrola (0.97%).

On the opposite side, ArcelorMittal has led the group of almost a dozen stocks that have closed in losses by losing 1.83%, while behind them Acerinox (-1.55%) has stood out; Repsol (-1.16%); Solaria (-0.98%) and Indra (-0.38%).

The evolution has been uneven in the rest of Europe: Milan has added 0.08% and Paris 0.34%, while London has subtracted 0.12% and Frankfurt 0.14%.

On the other hand, the European Commission has announced that it approves the merger of Orange and MásMóvil but does so subject to the companies complying with the concessions agreed with the Romanian competitor Digi to avoid competition problems in the European economic area.

In other markets, the Central Bank of China has reduced the five-year reference rate, used mainly in mortgages, by 25 points, taking it below 4%, which has motivated slight increases in the early morning on the part of the Hong Kong stock markets. Kong and Shanghai.

In this sense, Banca March experts have pointed out that this measure has failed to encourage financial markets and that investors "expect more from the Chinese authorities, who remain reluctant to take forceful measures regarding consumption."

In the raw materials market, a barrel of Brent fell 1.45%, to $82.35, while West Texas Intermediate (WTI) stood at $78.6, 0.76% less.

For its part, the yield on the Spanish bond maturing in 10 years closed at 3.277% after subtracting basis points, while the risk premium (the differential with the German bond) stood at 90 points.

In the foreign exchange market, the euro appreciated 0.35% against the dollar, until trading at an exchange rate of 1.0816 'greenbacks' for each unit of the community currency.