The Spanish stock market falls 1.69% at the opening due to uncertainty over the formation of the government

The Spanish stock market fell sharply at the opening of the session, 1.69% and lost 9500 pointswith which he responded to the result of the general elections held this Sunday, which cause uncertainty about the future composition of the Government, in a week in which investors will also be waiting for central bank meetings, reports Efe.

At the opening, the Spanish selection Ibex 35 loses 161.5 points, 1.69% and stands at 9410 integers, so so far this year it is reducing its profit to 14.37%.

The banks are the values ​​that fall the most at the beginning of the session, so that Sabadell yields 3.74%, Caixabank 2.97%, Unicaja 2.73%, Bankinter 2.72% and BBVA 2.05%.

business results

The stock exchange week will be marked by the announcement of the business results of the companies Naturgy, Almirall, Applus, Gestamp, Endesa, Banco Santander and Aena, among others.

Namely, before the opening this Monday, Naturgy announced that it achieved a net profit of 1.045 million euros in the first half of the year, which represents a growth of 87.6% compared to the same period last year, reports Europa Press. Almirall, for its part, recorded a net profit of EUR 12 million in the first six months of this year, which is 56% less than in the same period in 2022.