Spain Stock Market Index (ES35)

The IBEX 35 closed above 9,000 for the first time since February 2020 and finished the week almost 3% higher, as investors piled into economically sensitive stocks amid signals for a robust economic recovery. On the earnings front, Spain’s fast-expanding telecoms provider Cellnex said core earnings rose 47% to €381 million, underpinned by a 41% jump in revenues to €506 million, slightly exceeding market expectations. Also, Caixabank showed net profits surged almost six-fold to €514 million during the first quarter, beating market forecasts of €342 million, after the bank did not set aside any provisions against the impact of the pandemic.
. Historically, the Spain Stock Market (IBEX 35) reached an all time high of 16040.40 in November of 2007. The IBEX 35 Index is a benchmark stock market index which tracks the performance of 35 most liquid stocks traded on the Continuous market on the Bolsa de Madrid. It is a free-float, capitalization-weighted index. The IBEX 35 index has base value of 3000 as of December 29, 1989.