The Ibex 35 closed this Thursday with a slight rise of 0.15%, reaching 19,304 points, in a volatile day marked by the stock market debut of Digi Spain Telecom and geopolitical tension in the Middle East.
The Spanish index managed to sprint in the last minutes of trading to close positively, after spending most of the session in negative territory. The Ibex 35 added 28.6 points, or 0.15%, to reach 19,304.1 points, on a day marked by the continuation of attacks between the United States and Iran and the near-total blockade of the Strait of Hormuz.
Digi Spain Telecom's bittersweet debut
The big news of the day was the stock market debut of Digi Spain Telecom, the Spanish subsidiary of the Romanian telecommunications group Digi. The company started trading at a price of 6 euros per share, representing a 7% increase from its reference price. However, throughout the day, the stock deflated and closed down 8.04%, at 5.15 euros, becoming the worst performer of the session.
The stock market debut of Digi Spain Telecom has been the first listing on the continuous Spanish market this year. The company raised nearly 200 million euros in its initial public offering (IPO), according to market sources. For investors who entered at the offering price, the day has been a cold shower, although analysts remind us that it is common for stock market debuts to present volatility in the early sessions.
Mixed performances among major stocks and geopolitical tension
Among the major stocks in the Ibex 35, BBVA led the gains with an increase of 1.76%, followed by Repsol (+1.22%), Inditex (+0.37%), and Telefónica (+0.33%). On the negative side, Iberdrola fell by 0.85% and Banco Santander by 0.22%. Most of the stocks in the index closed in the green, although the gains were moderate.
Investor attention was focused on the Middle East, where the United States and Iran intensified their cross-attacks, raising uncertainty about oil supply. The Strait of Hormuz, through which nearly 20% of the world's crude oil passes, remains almost blocked, causing the price of Brent crude to rise above 80 dollars. Despite this, the Ibex 35 managed to diverge from the downward trend in Europe and close positively.
So far this year, the Spanish index has appreciated by 11.53%, a figure that surpasses most European markets. Analysts point out that the strength of the Ibex is partly due to the weight of sectors such as banking and energy, which benefit from the high interest rate environment and rising oil prices.
For investors, the day leaves two interpretations: the volatility of IPOs and the market's sensitivity to geopolitical conflicts. Those who bought shares of Digi Spain Telecom at its debut will have to wait to see if the stock recovers in the coming sessions. Meanwhile, the tension in the Middle East remains a risk factor that could alter the course of the markets at any moment.
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