Ibex 35 closed on Wednesday up 3% at 19,370.90 points. Banking and falling oil prices pushed the index above 19,000 points.
According to negocios.com, the Ibex 35 closed on Wednesday, November 4, up 3%, at 19,370.90 points. The index gained 563.70 points and recovered the 19,000 points barrier, supported by purchases of banking stocks and the collapse of oil prices.
The Ibex rose from 18,807.20 points on Tuesday to 19,370.90, reaching an intraday high of 19,482.20 points. With this advance, the index erased the losses from previous sessions.
Banco Santander rose 4.87% and CaixaBank gained 4.66%. Inditex advanced 5.24%, close to its recent highs. On the downside, Indra fell 5.82% and ACS lost 5.09%.
The Brent barrel fell 8.29%, to $95.01, and West Texas dropped 7.31%, to $89.07. Repsol closed down 1.85% due to the lower oil price. Cheaper oil can ease the energy bills of many companies, although the effects depend on how long the drop lasts.
Attention now turns to the session on Thursday, November 5, with 19,500 points as a technical reference. The index failed to surpass Wednesday's high. Analysts placed 19,300 points as the first consolidation level and 19,000 points as support. On that same Thursday, Cellnex, ArcelorMittal, and Rovi will publish results.
So far in 2026, the Ibex has accumulated an approximate revaluation of 8.7%, although it remains below the highs reached in summer.
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