The Ibex 35 closed this Friday with a weekly advance of 0.61%until consolidating above 17,800 points, in a market that has found some relief in the progress in negotiations between the United States and Iran, oil moderation and renewed momentum in the technology sector. From the technical point of view, the aspect of our selective remains clearly bullish. César Nuez, BitcoinDynamic analyst, highlights that the index could attack the psychological resistance of 18,000 pointsa level that would open the way to the historical maximums located at 18,573 integers. However, the expert also warns that in the short term it would not be strange to see a consolidation to partially cover the bullish gap left at 17,667 points. Below, the key support is at 17,308 integers. ACS CONTINUES TO BE A ROCKET By values, the main protagonist of the week has been ACS. The company chaired by Florentino Pérez has skyrocketed 11.91% and accumulates one revaluation close to 60% since the beginning of the year. The market continues to reward its exposure to the data center business and the United Statestwo of the great stock market engines of the moment. Furthermore, the expectation of results has further strengthened investment appetite. It has also shone brightly ArcelorMittalwhich has added a 6.05% in full recovery of the European steel sector. Less pressure on raw materials and the prospect of industrial improvement have revived interest in steelmakers, a movement that has also benefited Acerinoxwith a weekly preview of 4.24%.
Among the big names of the week, he also stood out Amadeuswhich has gained 5.67% after present results and maintain forecasts. Money has also continued to flow into companies closely linked to growth and infrastructure. Activate Energy has risen 3.58%, while Action has advanced 3.56%. In parallel, Indra continues to demonstrate enormous strength with another rebound of 3.46%, in a context where investors continue to trust in everything related to defense and digitalization.
The progress of IAG (+3.48%), favored by the fall in oil, nor the good tone of Ferrovial, Inditex or Banco Santanderwhich continue to maintain the positive bias of the selective. ROVI, THE BIG VICTIM OF THE WEEK On the opposite side, the big victim of the week has been Laboratorios Rovi. The pharmaceutical company has plummeted by 20.84% after present results and cut forecastsa combination that the market usually penalizes without hesitation. He has also suffered harsh punishment Endesawhich has lost 5.24% after present accounts. Some figures that have not been liked by analysts and that have led the electricity sector to show symptoms of exhaustion after months functioning as a defensive refuge.
For its part, Logistics It has lost 4.75% in a clear profit-taking movement. The title had just registered a very solid performance and many investors have taken advantage of the last sessions to secure part of the accumulated profits.
Selling has also hit several defensive and energy names. Repsol has fallen 3.20% coinciding with the moderation of crude oil, while Enagás and Iberdrola They have fallen by 3.11% and 2.46%, respectively. They have not escaped downward pressure either. Fluidra, Redeia or Cellnex Telecom.
Weekly variations Ibex 35
