Markets fall: the Ibex 35 suffers its biggest slump since 2022 while Indra leads gains

1 minute

Several Ibex panels in the Stock Exchange Palace. Eduardo Parra - Europa Press

Published

Last updated

1 minute

This Tuesday the Ibex 35 closed the March session with a marginal rise of 0.47%, up to 17,049.6 points, but accumulates a monthly fall of 7.14%, its largest decline since June 2022, in the midst of Russia's invasion of its neighbor Ukraine, according to data collected by El Economista.

The Spanish selective has been dragged by the uncertainty generated by the war in the Middle East, while European stock markets register historical losses in the first month of conflict in Iran.

Among the few values in green, Indra stands out, the defense company that was so affected by the internal crisis after pressures from SEPI and General Dinamyc, and which today  revalues by 4.19% after being awarded a contract with the Bank of Spain through its subsidiary Minsait.

Other relevant boosts come from ACS (+2.14%), Cellnex (+2.14%) and Repsol (+1.73%), benefiting from the slight rise in the Brent barrel to 107.91 dollars. On the contrary, Fluidra, Naturgy and Amadeus lead the declines.

The international context has also ended up influencing the day. While European markets seek to stabilize, with the EuroStoxx 50, the Cac 40 and the Dax 40 showing increases of up to 1%, monthly losses continue to be significant.

Across the pond, in Wall Street, the main indexes open higher amid moderation in crude oil prices, with the Dow Jones rising 1.09% and the Nasdaq 100 advancing 1.48%.