2. Bolsa de Madrid (Madrid Stock Exchange) is the largest and most
international of Spain's four regional stock exchanges (the others
are located in Barcelona,Valencia, and Bilbao) that trade shares
and convertible bonds and fixed income securities, and both
government and private-sector debt. Bolsa de Madrid is owned by
Bolsas y Mercados Españoles.
The reorganization of Spain's financial market under the national
umbrella of the Spanish Stock Market includes the bolsas, the
derivatives markets, and fixed-income markets.Trading is linked
through the electronic Spanish Stock Market Interconnection
System (SIBE), which handles more than 90% of transactions; all
fixed-income assets are traded through SIBE.
3. The Madrid Stock Exchange General Index (IGBM) is the
exchange's principal index and represents the
construction, financial
services, communications, consumer, capital/intermediate
goods, energy, and market services sectors.The IBEX 35 Index is a
capitalization-weighted index comprising the 35 most liquid
Spanish stocks traded in the continuous market, and is Bolsa de
Madrid's benchmark. Bolsa de Madrid also offers the FTSE-
Latibex Index, a European market for Latin American stocks.The
Ibex New Market Index, for emerging companies, was offered
from 2000 to 2007.
4. As required by Spanish law, it is managed and operated by the
Sociedad Rectora de la Bolsa deValores de MadridS.A., a
corporation organized under the laws of the Kingdom of Spain.The
membership of the Madrid Stock Exchange consists of 41 major
financial institutions and 12 established securities dealers. At
December 31, 2001, approximately 1477 domestic and foreign
companies had their equity securities listed on the Madrid Stock
Exchange.
5. Stocks in Spain had a negative performance during the last
month. Spain Stock Market (IBEX 35), declined 0 points or 0.00
percent during the last 30 days. From 1987 until 2013, Spain Stock
Market (IBEX 35) averaged 7126 Index points reaching an all time
high of 15946 Index points in November of 2007 and a record low
of 1874 Index points in October of 1992.The IBEX 35 Index is a
benchmark stock market index which tracks the performance of
35 most liquid stocks traded on the Continuous market on the
Bolsa de Madrid. It is a free-float, capitalization-weighted index.
The IBEX 35 index has base value of 3000 as of December
29, 1989.This page contains - Spain Stock Market (IBEX 35) -
actual values, historical data, forecast, chart, statistics, economic
calendar and news. 2013-09-20
6. On a year-on-year basis, the economy contracted by 2 percent.
Spain has experienced seven consecutive quarters of economic decline.
The economy contracted by 0.8 percent in the fourth quarter of 2012.
the Bank of Spain revised down its gross domestic product (GDP)
forecast for the whole of 2013, from a contraction of 0.5 percent to a
contraction of 1.3 percent.
The recession forced Spain to revise its public deficit target down to 6.3
percent of GDP from 4.5 percent this year.The budget minister,
Cristobal Montoro, admitted last week that Spain would need two extra
years to bring its budget deficit back within the EU limit of 3 percent of
GDP.
Last week, the government announced a reform program aimed at
promoting growth rather than austerity, in order to combat the
recession and unemployment crisis.The jobless rate in Spain reached a
record high of 27.2 percent in the first quarter and the country's debt-
to-GDP ratio has reached 84.2 percent.
