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Spanish Ibex 35 Index Climbs Nearly 1% on Strong Corporate Earnings and Strategic Moves

Mapfre's profit surge, Indra's merger review, and Puig's dividend plan bolster market gains as global indicators show positive trends.

Interior del Palacio de la Bolsa, en Madrid.

Overview

  • The Ibex 35 rose by 0.98% to 13,308.4 points on April 25, driven by strong performances from key Spanish companies.
  • Mapfre reported a 27.6% year-on-year increase in Q1 net profit, reaching €276 million, boosting its shares by over 6%.
  • Indra announced it has engaged KPMG to explore a potential merger with Escribano Mechanical and Engineering (EM&E).
  • Puig's board scheduled a May 28 vote on a €0.3768 gross dividend per share, with payouts expected from June 12.
  • Broader European markets, oil prices, bond yields, and the euro/dollar rate also advanced, reflecting global investor optimism.