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Ibex 35 recovers 5,5% after reaching its lowest value in 5 years
23 March 2020 | Vanessa Sousa

After having reached its lowest amount in 5 years last Monday with 6.107 points, the Spanish Stock Exchange reference index, Ibex 35 started a rising trajectory throughout the week, showing on Friday a 5,5% recovery by registering 6443.3 points.


This number represents almost 1% increase when compared to last Thursday’s 6.395 points. The data from the Madrid Stock Exchange shows that the valuations of Spanish REIT Colonial, as well as those of some financial institutions, may be contributing to this recovery.

Colonial presented the most significant increase at around 13.62% when compared to last Thursday, with 7.21 euro per share. But it should be noted that it was last Thursday, 19th of March, the REIT saw its price per share reach the lowest value: 6.35 euro.

Signs of recovery also appeared from the main Spanish banks, as was the case of Santander, Bankinter and BBVA, which saw their shares increasing their value between 2,94% and 4.59% when compared to the closing value of the previous Thursday.

However, there are still companies whose shares continue dropping, as is the case of Merlin Properties which showed a 4,94% decrease on Friday, with 7,41 euro per share. This is the lowest price registered by the company since the value of their shares started to drop. Bankia, Sabadell, CaixaBank also saw their shares drop again.