With only one session remaining to conclude the penultimate month of the stock market year, Spanish stocks can boast of being those which demonstrate the greatest solidity in a European context where Recent declines have caused a shift away from the results obtained by the American company.
However, the ibex maintains increases of around 15% in 2024, although November was not a particularly good month and, in fact, The national selective decreases, on the last day of the end, by 0.5%. Within the index, the companies that have performed the best these days are IAG, Acerinox, Acciona Energía, Logista and Ferrovial.
The airline is already the most bullish company on the Ibex 35 this year with an advance of more than 75% in 2024. Much of this rise was achieved during the month of November, during which its shares increased by more than 25%. The airline group presented financial results for its third quarter of the year which completely convinced analysts (with an increase in the majority valuation) and investors. Thanks to strong travel demand during the summer season and its commitment to long-haul connectivity on both sides of the Atlantic, IAG recorded an after-tax profit of 2.34 billion euros, or 8. 8% more than the previous year (which was 2.151 million euros). ).
Acerinox is a different case since the strong performance in November, a month in which its shares approximately 13% were notedthey only managed to catch up for the entire year, during which they still lost more than 10%. The steel company has already announced a drop in profits and sent a pessimistic message to the market by predicting that demand would continue to fall. However, the Republican victory in the United States was seen as a catalyst for the company.
Acciona Energía, Logista and Ferrovial also performed above the index average this month, thanks to an increase of between 8 and 5%taking advantage of the presentation of its quarterly results. However, in the renewable subsidiary of Acciona there is also a shareholder factor since the parent company has increased its stake by more than 5%, up to 88%, precisely with the aim of pushing the value, which this year is among the most bearish on the Ibex, with a fall of more than 27%.
Rovi, the most bearish
The month of November was particularly bad for Rovi’s interests. The pharmaceutical company presented its third quarter results in which, in addition to announcing a reduction in its profits due to the burden of third-party manufacturing, it predicted a further decline in its revenues during the year 2025 of 20%. This sharp drop in the stock market, on the other hand, was seen as a buying opportunity and several analysts have improved their recommendation in recent weeks, leading the company to receive one of the best recommendations on the Spanish stock market. Your titles they lose more than 18% this month.
The second worst value of the month was that of Grifols. Despite the fact that the first three weeks, in the heat of the offer that Brookfield was preparing to withdraw from the stock exchange, supported its price above the price finally announced, which was 10.5 euros, this Wednesday, through the CNMV. the fund announced its withdrawal from the operation, causing a collapse in value of 9% during this session and a further 12% on Thursday. However, the Catalan there are about 16 points left in November already 44 in total of the course.
