The most relevant indices of the Spanish stock market

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For its part, the íBCN PER-30 Index, integrado por las acciones de las 30 sociedades incluidas en el IBEX 35 que presentan la menor vinculación precio / beneficio (PER), no sufre variaciones en su composición. Las acciones más ponderadas en este índice son Arcelor Mittal, International Consolidated Airlines Group (IAG) y Merlin Properties SOCIMI, que disponen el PER más bajo. La composición de los índices de la Bolsa de Barcelona antes mencionados, a 4 de marzo de 2019, se puede consultar en la página Web de la Bolsa de Barcelona (www.borsabcn.es), capítulo Índices-Cotizaciones, capítulo Composición BCN Índices (www.borsabcn.es/esp/indices/BBarna/ComposicionIndices.aspx).

This is proof that there is life in Spanish equities beyond the selective index of the Spanish stock market, the Ibex 35. With some reference sources that may be absolutely unknown for a good part of the small and medium investors and that can be very profitable at any given time. Even though it is also true that these are small capitalization securities that show less activity in terms of the volume of their contracting. With the problems that these types of operations usually generate to make the available savings profitable.

Stock exchanges in Spain

Today there are four terms where securities are exchanged between financial agents and they are Madrid, Barcelona, ​​Bilbao and Valencia. Not all are the same and they see a wide divergence in terms of the volume of their shares. With levels that can be around levels very close to the 80% and that you must pay attention to the exact moment of developing your operations in the national equity markets.

On the other hand, another aspect to pay attention to with respect to the places listed is that which has to do with their values. The same companies are not represented in all of them. Not much less, even though this factor mainly affects the small and mid-cap securities. That is where the greatest differences between the representatives of the Spanish Stock Market are reflected. Beyond other technical considerations and perhaps also from the point of view of their arguments. Not surprisingly, this is a very plural market and this is an aspect that we do not really know when it comes to opening positions in its most relevant stock indices.

General Index of the Madrid Stock Exchange

It is the stock index where most of the operations in the national stock markets are concentrated and all the securities listed in other national markets are represented. It is the reference point for making investments and also for foreign investors since it brings together the cream of the listed companies in our closest environment. With securities of all levels, from the most relevant to those with the smallest capitalization. In other words, and to better understand it, the catchall of the Spanish bag par excellence.

Although on the other hand, it is also worth mentioning that the General Index of the Madrid Stock Exchange is very important due to its high liquidity to open and close positions in these financial assets. It is one of the stock indexes where the operations of a good part of the small and medium investors are reflected. It stands out especially for the high capitalization of the companies that comprise them and for being constituted with securities that provide great liquidity. In other words, it is extremely easy to adjust your entry and exit prices.

The dividend index

Many investors may not know it at the moment, but the securities that distribute dividends among their shareholders are integrated in an index of these characteristics. Of course, it is extremely easy to operate in it since they all have a common denominator and that is none other than the distribution of this charge on behalf of investors. There are the best Spanish equity companies and all of them with a constant growth of their profits. It is one of the reference sources to open positions on the stock market without taking on excessive risks in the movements made.

On the other hand, the so-called dividend index is highly recommended due to its special characteristics since there is no room for improvisation. In the sense that they are not companies that offer surprises to investors who take positions at any time in their lives. If not, on the contrary, it provides high security to the investors' portfolio since they offer a fixed and guaranteed performance Every year, whatever happens in the stock markets. Beyond other technical considerations and perhaps also from the point of view of their arguments.

The alternative market

There is no doubt that the alternative stock market is another option for investors with a greater appetite for risk. It's no wonder that there are start-up companies that have only been listed on the stock markets for a long time. The MaB It has adapted all the existing procedures so that these companies can be listed on the market, but without losing an adequate level of transparency. For this, the new figure of the so-called registered advisor has been entered, specialized professionals to help companies throughout the procedure, from entering the market to the day-to-day of their quotation.

On the other hand, the MaB expands the universe of companies to investors. This makes it possible to diversify current portfolios by investing in new companies and sectors. It is also essential to emphasize that the Alternative Securities Market (MaB) is a multilateral trading system (SMN). It is directed and managed by Bolsas y Mercados Españoles (BME) and supervised by the National Securities Market Commission (CNMV). Where it provides companies with simple and efficient access to the stock market. It is a platform designed for small companies with expansion projects You can benefit from the advantages of the market: financing, visibility, liquidity, valuation, etc.

No presence of new markets

In contrast, there are no traces of technology markets in national equities after the disappearance of the so-called new markets index. It was a source of reference for the few technological values in the Stock Market of our country. While on the other hand, the Spanish Stock Market opens this Friday. Bolsas y Mercados Españoles (BME) has created new strategic indices on the Ibex 35 from the information contained in derivatives of futures and options on the selective in which the main companies of the Spanish Stock Market are listed.

Donde hace falta sustentar la idea de que su principal target it is measure implied market volatility. Con la finalidad de verificar determinadas estrategias de inversión a través de productos negociados en el mercado de derivados de BME. Es un índice sectorial algo más complejo que está dirigido a inversores que aporten mayor experiencia en sus operaciones en los mercados financieros. No es sorprendente que el riesgo en sus operaciones be significativamente mayor y dependa de muchos factores en la configuración de los precios de los activos financieros.

Other options are more specific and among which stands out the Vibex or the one known as the index that measures fear in investment or even another very innovative one such as the Ibex 35 Buywrite that replicates the positions of buyers within the selective index of the Spanish Stock Exchange. And in which it is much more complex to operate due to its special characteristics that are suitable for every retail investor. But for a very special group of them.