MADRID (Reuters) – The Ibex-35 closed flat on Friday, in a day of digestion of quarterly results in which Popular and Viscofan were the worst part with strong overhangs after presenting accounts to September.
“The day has basically been moved by the results and so will continue next week, but today I have not liked the market, especially the Popular and Banco Sabadell, in addition to the Viscofan”, said Angel Perez, an analyst at Renta 4.
despite the fact that the Ibex could not overcome the resistance of the day, scored its third consecutive week to the upside reaching levels of highs not seen since April. However, the index is still 3.6 percent below the level at which it closed last year.
The Ibex-35 index advanced by 0.04 percent, to 9.201 points, while in the accumulated weekly accumulated a 1,11 percent. The pan-european STOXX 600 lost 0.32 percent.
Popular sank 8.42 percent to a 1.01 euros, being the worst value of the selective, after just a record profit in the third quarter.The manufacturer wraps the meat Viscofan ran the same fate and collapsed a 6,99 percent to 0.44 euros, after being presented Thursday to close some accounts, worse-than-expected as it continues to be penalised by the decrease in the consumption of processed meats.
the rest of The banking sector is also placed in the under part of the table. Banco Sabadell, which I also present results, yielded 3.78 percent, despite improving its profit up 12 percent.
meanwhile, Santander fell 0.44 percent, while BBVA fell by 0.30 per cent.
The only exception to this bullish was Caixabank, which was up 0.65 percent after announcing an increase of the net profit of 15.3 percent.
For the above stressed the holding of airlines to the IAG when you add a reduction of 5.82 percent, despite lowering its forecast for 2016 to submit a few accounts affected by the weakness of the pound.
Among the great values of the selective, Inditex closed with a drop of 0.96 percent, while Telefónica bounced 0.87 percent and Repsol advanced by 0.23 per cent.
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