Thursday, January 12, 2017

The Ftse bounces back with more volume and a flip of banks and energy – Yahoo Finance Spain

MADRID (Reuters) – The Ibex-35 was given back at midday on Thursday in a day of more activity than the previous, thanks to the rebound of several medium sized banks and energy companies, while Acerinox entered into area of loss with the sudden fall in the price of nickel.

These developments compensate for the weakness of values of the pharmaceutical sector as Grifols after the warnings of the incoming president of the united States, Donald Trump, on the prices of medicines in their country.

Precisely, the group of plasma derivatives in the Spanish increased on Thursday its exposure to the health market in us with the purchase of the company’s plasma-Access Biologicals.

“After the lethargy of the last days, is coming in fresh money in the market. The banks started the day again slowly, but now are recovering,” said Sonia Late, the operator of equity from an institutional CM Capital Markets.

At 12:34 hours, the Ibex-35 index rose 0.25 percent to 9.432,6 points, putting an end at least temporarily to a streak bassist of three sessions. The pan-european FTSE Eurofirst conceded, however, by 0.3 percent.

also Popular would interrupt their particular bad streak, while Caixabank and Bankinter rose both more than one percent. The two largest banks, Santander and BBVA, recovered 0.2 percent and 0.7 percent, respectively.

Repsol also stood out with a rise of 1.5 percent. Natural Gas added a 1 percent and Iberdrola gained 0.9 percent.

Two heavyweights like Inditex and Telefónica gave support to the selective climb 0.5 percent and 0.12 percent, respectively.

Among the losers, Mediaset Spain was left with 1.8 per cent, while its rival Atresmedia, which are not traded on the Ibex, fell 2.3 percent.

Grifols gave way to almost a 1 per cent, but Acerinox became the worst value of the market to turn around, according to operators, with the news that Indonesia will ease the ban on exporting nickel and bauxite, which caused a crash immediately in the price of nickel.

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