How have the constituents of the IBEX 35 fared over the past 10 years? Explore the chart below to separate the stalwarts and fast growers from the cyclicals and turnarounds.
In the last decade (2009 -2019), the Spanish IBEX has returned 38% (excluding dividend returns), leading to an annualised gain of 3.2%. As is usually the case with many peripheral nations, the financial sector remains the dominant influence on the index. Consequently, with the ECB cutting interest rates into negative territory, alongside expansive monetary policy, central bank policy has been pivotal in determining the outlook for Spanish banks and thus the index.
Graph shows IBEX 35 performance year on year over the past decade. Additional companies can be added to the chart using the search facility and filters below.
Given the strong weight of the banking and brick sector in the Ibex 35, the history of this index in the last decade is a reflection of the evolution of these two sectors. After setting record highs of 16,000 points at the end of 2007, the Ibex began his special decrease that led the Index to fall 58%, from November 2007 to March 2009.
It was precisely in 2009 when the bank rescue in the United States made Spanish investors believe that the worst was behind them, but nothing could be further from the truth. The severe financial crisis suffered by the countries of southern Europe, and that was about to force the European authorities to the financial rescue of Spain, led the Ibex 35 to mark its lowest level of the last 15 years in the summer of 2012.
From that moment, the Spanish Index joined the recovery of European markets, encouraged by the crucial intervention of the European Central Bank (ECB), with Mario Draghi and his ''whatever it takes'' at the head.
Investors buying stocks given ECB's carte blanche put the Ibex on course to 12,000 points at the beginning of 2015. However, the doubts shown by China since then, and the entry on the scene of Trump and Brexit kept the reference index in Madrid at bay and maintains it in a long-term lateral range alien to the bullish trend that Wall Street has experienced. From May 2017 to the beginning of 2019, the index had remained in a bearish channel that surpassed the rise.