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The runaway risk premium has already reduced its annual profit by 2,000 million The main listed Spanish companies could not hold out any longer. And they took a leap further in the face of the passivity of the CNMV. The presidents of the Ibex companies demanded in writing that Moncloa prohibit short sales because the risk premium at historical highs is weighing down their accounts: they have already reduced their annual profit by 2,000 million due to their collapse on the stock market. As El Confidencial Digital has learned from business sources, the pressure from the main Ibex companies has caused the veto to be extended this time to the shares of all companies . The managers intended to avoid what happened last year: the banks were shielded but the speculators did not leave the trading floor , but began to operate with the rest of the non-financial companies . Another August of extreme volatility in the markets, with the risk premium several days above 600 points , would have once again been cannon fodder for speculators.
The CNMV prohibited short positions between August and February of this year, in agreement with the stock market supervisors of France, Italy and Belgium and under the coordination of the European supervisor , ESMA , although on that occasion the veto affected only securities of the financial sector. The risk premium at maximums Middle East Mobile Number List reduces the profit According to the calculations used by some analysts and the companies themselves, the annual increase in the risk premium will mean a reduction in the profits of Ibex companies of almost 2,000 million euros . The percentage of the profit affected by the risk premium will vary depending on the level of debt of the different companies. The market punishes companies with high leverage , while those less indebted with very low levels of leverage, or high but sustainable ones given their business structure, hardly suffer harassment from speculators .
Collapse of large companies on the stock market In the last quarter, Bankia leads the deterioration in the Ibex 35 with a fall of 73.65%. They are followed by Popular (-42.84%), Bankinter (-28.52%), Sabadell (-26.41%), Santander (-12.045), BBVA (-10.25%) and Caixabank (-8.31 %). Outside of the banks, Telefónica (-26%), Repsol (-45%), Iberdrola (-33%), Sacyr Vallehermoso (-72%) or FCC (-58%) are also being harshly punished. They demanded to stop speculators before August The presidents of the main Ibex companies demanded that the Government remove speculators from the stock market before the beginning of August , since during that month there is less liquidity in the market, with which the operations of speculators magnify the turbulence in the markets. Short selling is a common practice of hedge funds , which borrow shares from a third party and sell them to others, trusting that their price will fall.
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發表於 18:42:06