Sunday, June 4, 2023

The Spanish stock market rises 0.7% driven by banks

The Spanish stock market rose 0.7% this Monday thanks to the impulse of the bank, and despite the fact that Wall Street it opened with setbacks that moderated the general bullish tone in the rest of the European markets.

Its main index, the IBEX 35added 64 points, to stand at 9,211.3, and increases the gains since the beginning of the year to 11.94%, according to market data.

Caixabank led the increases today with a rise of 4.79% and Unicaja, in second position, advanced 2.78%.

Bankinter gained 1.92%; BBVA, 1.56%; Banco Sabadell, 1.21%; and Banco Santander, another 1.21%.

The Spanish selective opened at rise and exceeded 9,200 points (level of April 28), despite the worsening of investor confidence in the euro zone (Sentix) and the Industrial production German at monthly rate.

Although the increases decreased due to the bearish open on Wall Street, gained momentum again in the last section of the Spanish stock market session.


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