The Ibex 35 index rose 0.39% mid-session, led by BBVA and Sabadell.
VALENCIA (EP) – The Ibex 35 index was trading 0.39% higher at mid-session compared to Monday’s close at 11,187.4 points, led by BBVA and Banco Sabadell, which released their half-year results on Tuesday.
Although the Ibex index fell to 11,100 in the first minutes of the session on Tuesday, it finally leveled off and began an upward trajectory in the first hours of the session.
Sabadell Bankwhich ended the first half of the year with a profit of 791 million euros, up 40.3%, confirmed that the planned remuneration to shareholders until 2025 is 2,900 million, 500 million more than originally planned, and that the “payout” represents 60% of the current year’s profit. The various payments made on a regular basis over these two years will amount to a total of 0.53 euros per share, equivalent to 27% of the value of each title.
Likewise, the Vice President of the European Central Bank (ECB) Luis de Guindos– he assured in an interview with the publication on Tuesday Europe Press that the institution’s announcement of BBVA’s takeover bid for Sabadell “won’t take long.”
On the other hand, the results Enagaswhich recorded a loss of 210.8 million euros in the first half of the year, compared with a profit of 176.81 million euros in the same period the previous year, after already including in its accounts the loss expected from the sale of its 30.2% stake in US company Tallgrass Energy.
In the same time, Naturgy posted a net profit of EUR 1,043 million as of June, almost identical to the EUR 1,045 million recorded in the same period last year.
In this context, BBVA was the value that rose the most mid-session (+1.24%), followed by Sabadell Bank (+1.05%), Naturgy (+1%), KaishaBank (+0.98%), Inditex (+0.80%), Amadeus (+0.69%) and Iberdrola (+0.51%).
On the opposite side they placed Enagas (-2.03%), Acerinox (-1.42%), Ferrovial (-0.83%), AcerlorMittal (-0.81%) and Colonial (-0.76%).
The mid-session positive momentum was typical for European stock markets. London advanced 0.09%; Paris0.26%; Frankfurt0.98%; and Milan0.45%.
On the market raw materialsA barrel of Brent crude and West Texas Intermediate (WTI) crude traded virtually unchanged at $82.38 and $78.36, respectively.
In that debt marketThe yield on Spanish 10-year bonds fell to 3.228% from 3.262% at Monday’s close, pushing the risk premium up eight-tenths to 77.5 basis points.
Regarding foreign currencyThe euro depreciated by 0.30% against the dollar, reaching an exchange rate of 1.0859 “greenbacks” for each unit of the community currency.