Overview
- Spain experienced a nationwide power outage on April 28, but trading on the Spanish Stock Exchange continued uninterrupted due to emergency protocols.
- The Ibex 35 closed April 28 up 0.75%, led by banking sector gains, before easing 0.58% on April 29 to 13,471.1 points.
- Utilities showed mixed performance, with Redeia falling 1.87% on April 29, while Endesa and Iberdrola traded flat.
- BBVA reported a 22.7% year-on-year increase in Q1 net profit, reaching €2.698 billion, while Puig recorded 7.5% net sales growth to €1.206 billion.
- Regulators confirmed market infrastructure stability during the outage, as investigations into the blackout's causes continue.