The IBEX 35: A Comprehensive Factsheet
Key Stats and Performance
The IBEX 35 is the benchmark stock market index for Spain. It comprises the 35 most liquid and widely traded companies on the Bolsa de Madrid, the Spanish stock exchange. The index was launched on June 14, 1992, and has a base date of December 30, 1989, with a base value of 3,000 points.
As of August 1, 2023, the IBEX 35 has a market capitalization of over €560 billion, making it one of the largest stock market indices in Europe. The index is heavily weighted towards the financial and energy sectors, which account for nearly half of its total weight.
The IBEX 35 has outperformed other major European indices over the past year, rising by more than 10%. This growth is largely due to the strong performance of Spanish companies in the financial and energy sectors.
Composition and Methodology
The IBEX 35 is composed of 35 companies that are listed on the Bolsa de Madrid. The companies are selected based on their market capitalization, liquidity, and trading activity. The index is reviewed and rebalanced on a quarterly basis by a technical committee.
The IBEX 35 is calculated using a modified capitalization-weighted average. This means that the weight of each company in the index is based on its market capitalization, but the weights are capped at 15%. This is done to ensure that no single company has too much influence on the index.
Top Performers and Contributors
The top performers on the IBEX 35 over the past year include banks like Banco Santander and BBVA, and energy companies like Repsol and Iberdrola. These companies have benefited from rising interest rates and higher energy prices.
The largest contributors to the IBEX 35's growth over the past year include energy companies, which have benefited from the rise in oil and gas prices. Banks have also been major contributors, as they have benefited from the rising interest rate environment.
Conclusion
The IBEX 35 is a key stock market index for Spain. It comprises the 35 most liquid and widely traded companies on the Bolsa de Madrid, and has a market capitalization of over €560 billion. The index has outperformed other major European indices over the past year, driven by the strong performance of Spanish companies in the financial and energy sectors.
The top performers on the IBEX 35 over the past year include Banco Santander, BBVA, Repsol, and Iberdrola. These companies have benefited from rising interest rates and higher energy prices.
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