The Spanish stock market ends upward supported by banking and Telefonica – Terra Colombia

Pending developments regarding the negotiations between Greece, the EU and the IMF, the Ibex-35 Spanish stock market managed to close with soaring supported by a rebound in banks and Telefonica after several sessions in red.

Pending developments regarding the negotiations between Greece, the EU and the IMF, the Ibex-35 Spanish stock market managed to close with soaring supported by a rebound in banks and Telefonica after several sessions in red. In the picture, a screen with quotes in the Madrid Stock Exchange on 17 November 2014.

Photo: Andrea Comas / Reuters

“The issue of Greece is flying markets and trading positions are fundamentally very selective with an uncertain background and content volume,” a trader said.

Once again there was a situation of balance values ​​practically upside and downside, but this time the high bank weighting and Telefónica sign marked the index.

Santander, BBVA Popular, Bankia and Sabadell, totaled between 0.8 and 1.4 percent while Telefonica rose 0.5 percent. These values ​​together represent more than 43 percent of the weighting of the Ibex. , mc & gt;

The declines recently focused on cherished values ​​or in the construction sector, which continues with its particular way of the cross following the recent election results and some corporate news.

IAG, which in the past five days has risen more than three percent, was the worst value of the selection with a decline of two percent.

Among the construction companies, OHL lost another 0.5 percent while continuing concerns over allegations of corruption in Mexico and FCC lost another 1.4 percent after announcing yesterday it was investigating a series of payments a company related Ferrusola Jordi Pujol.

The Dow added 0.3 percent to 11,271 while the pan-European Eurofirst 300 lost nearly one percent.

Where notice again left uncertainty about Greece was in the government bond markets, the yield of ten-year bond in the secondary and the maximum annual risk premium levels of October last year .

In this context, the Treasury placed a new ten-year benchmark syndicated bond with a cost of 120 basis points over the midswaps types.