The IBEX 35 (Iberia Index ) is a stock index, which comprises the 35 most important Spanish companies. Was introduced in the index on 14 January 1992. The index base is 3,000 points by 31 December 1989. This is in contrast to the DAX by a price index, dividends, are not included in the index.
The composition of the IBEX 35 is checked by the Madrid Stock Exchange " Sociedad de Bolsas SA " semi-annually (June and December). Be included in the Spanish blue-chip index, the companies that have the greatest trading volume in the review period and which also meet the following two criteria: First, the capitalization of the company 0.3 percent must be above the average capitalization of the IBEX 35 and secondly, should the shares to at least one third of the observed days have been traded.
Technically, the index is a price index, which is weighted by the market capitalization (on free float basis). The index is not adjusted for dividend payments. Corporate actions such as stock splits have no ( distorting ) influence on the index. The calculation is updated during trading hours 9:00 to 17:30 CET every second.
In its composition, the IBEX 35 is dominated by the financial, telecommunications and energy. They placed the end of October 2010, the five largest index members that came together for 68.5 percent of the index capitalization. These included the former state monopoly, Telefónica, the two major banks Banco Santander and BBVA, Iberdrola, and the oil company Repsol. Despite this unequal weighting of the index is being used by providers certificates as an underlying for numerous products.
The index value (indicated as I) of the IBEX 35 Index is calculated using the following formula:
The Spanish blue-chip index IBEX 35 was introduced on 14 January 1992 and calculated back to December 31, 1986, closing at 2201.00 points. The base index is 3,000 points by 31 December 1989.
Milestones in the development were December 26, 1996, when the index closed at 5101.76 points for the first time above the 5,000 -point mark, and March 24, 1998, when he for the first time on trade 10093.92 points of the 10,000-point mark ended. As of 6 March 2000, the IBEX rose to a closing at 12816.80 points. After the bursting of the speculative bubble in the technology sector ( dot-com bubble ), the index fell to a low of 5452.40 points to 12 March 2003. That was a decline since March 2000 by 57.5 percent.
March 12, 2003 marks the end of the descent. As of spring 2003, the IBEX began to rise again. On 8 November 2007, the stock index ended trading at 15,945.70 points at an all time high. Since the low in March 2003, the profit amounted to 192.5 percent. In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the IBEX began to fall again. From the autumn of 2008, the crisis had an increasing impact on the real economy. As a result, stock prices plummeted worldwide.
On 9 October 2008, the index closed at 9902.90 points again below the limit of 10,000 points. During the crisis, the volatility of the index rose. On 10 October 2008, he suffered with 9.14 percent the biggest daily fall in history. A new low was achieved by the IBEX on March 9, 2009, when he finished trading with 6817.40 points. Since November 8, 2007, this represents a decrease of 57.2 percent. The highest price increase experienced the IBEX 10 May 2010 ( 14.44 percent) to the decision establishing the European Stability Mechanism. The March 9, 2009 marked the turning point of the descent. From the spring of 2009, the index was back on the way up. As of 6 January 2010, he rose by 79.3 percent to a closing level of 12222.50 points.
The euro crisis from 2010 and the slowdown of the global economy in 2011 led to a fall in the IBEX 35 On July 24, 2012, the Spanish blue-chip index closed at 5956.30 points, its lowest level since April 1, 2003. Loss since peaking on 6 January 2010 is 51.3 percent, and since the all-time high on 8 November 2007 at 62.6 percent. The announcement of new bond purchase programs of the European Central Bank and the U.S. Federal Reserve in principle unlimited extent led to a recovery of prices in the stock market. The monetary stimulus played a greater role in price formation, as the shrinkage of the Spanish economy and the situation of the company. On January 11, 2013, the IBEX 35 closed at 8664.70 points, up by 45.5 per cent as on 24 July 2012.
The overview shows the all-time highs of the IBEX 35
The table shows the milestones of the back-calculated to 1987 IBEX 35
The best days
The table shows the best days of back-calculated to 1987 IBEX 35
The worst day
The table shows the worst days of back-calculated to 1987 IBEX 35
The table shows the development of the IBEX 35 since 1987.
The IBEX 35 sat 3 October 2011 from the following companies together: