IBEX 35 index
What is the IBEX 35 index?
The IBEX 35 index is a domestic and international benchmark for the BME Spanish Exchange. It is made up of the 35 most liquid stocks traded on the Spanish stock market.
IBE stands for Índice Bursátil Español, which translates to Spanish Exchange Index.
Where have you heard about the IBEX 35 index?
Like all major international benchmark indices, the performance of the IBEX 35 index is reported in financial market news.
The index performed particularly well between 2000 and 2007 surpassing many big Western exchanges like the FTSE 100 and CAC 40 – when Spain enjoyed a period of strong economic growth.
What you need to know about the IBEX 35 index.
The IBEX 35 index was established in 1992, although to set its base level of 3000, the index was calculated from December 1989. The Sociedad de Bolsas calculates the index in real-time (European time zone) – it is euro-denominated and stocks are weighted by market capitalisation.
Unlike other Western stock indices, the IBEX 35 index set its highest price in 2007, before the global economic crash, instead of during the 1990s dot.com boom.
Companies such as Banco Santander, BBVA, Repsol and Telefonica are currently included in the IBEX 35.
Find out more about the IBEX 35 index.
Read more about the BME Spanish Exchange to learn about its relationship with the IBEX 35 index.