The shares of Telefónica and Banco Santander have concluded the session in negative territory after the electoral victory of Lula da Silva in Brazil, who will assume his fourth term as president of the Latin American country, defeating Flávio Bolsonaro, son of former president Jair Bolsonaro, convicted for an attempted coup.
Despite the fact that the shares of the two companies ended the day with declines, the stocks have been recovering ground throughout the trading, thus moderating the strong punishment suffered in the early stages of the market.
Telefónica registered a drop of 6.41% this Monday, down to 3.198 euros per share. Throughout the day, the operator fell as much as 8.25%, marking an intraday low of 3.135 euros per share.
For its part, Banco Santander closed at 11.154 euros, which represents a decline of 3.09%. In the initial moments of the session, its shares dropped to 10.864 euros, 5.61% less.
After these declines, Cellnex Telecom has positioned itself with a correction of 2.98% in its price, and Mapfre, which ended the day with a decrease of 1.82%.