Page 138 - MEDIASET ESPAÑA / 2013. Corporate Responsibility Report

BUSINESS MODEL
138
Spain’s most salient index, the IBEX35, rose 21.4% overall
in 2013, the second-best performance by any European
index and its best year since 2009, after three consecutive
years of losses. It ended the year on 9,916.7 points, just
short of the psychological 10,000 barrier. Only four stocks
ended the year on a loss, while another four saw their
prices improve by over 100%. The overall capitalisation
of the Ibex35 at end-2013 was €516,088 million, a rise
of €117,500 million in the year. In parallel, and as another
significant example of the economic improvement, Spain’s
risk premium fell by around 176 points from 398 at the
beginning of the year to 222.24 base points at the year
end, in relation to the interest rate offered by German
bonds.
2013 will also be remembered as the year of the
reactivation of the stock markets, after two years of low
volumes of transactions. The end of the veto on short
positions on 31 January helped to boost trading. Over 48
million trades in the year means a rise of 18% compared
with 2012. In 2013 over 200,000 million securities were
traded (almost 1% more than in 2012), with a total
volume of €702,000 million.
Performance of the Ibex35 in 2013
Fuente: Bloomberg.
Evolution of International Stock Market Indices in 2013
Source: Bloomberg.
56.72%
26.50%
25.48%
21.42%
17.99%
17.95%
16.56%
14.43%
Japón - Nikkei
US - Down Jones
Frankfurt - DAX
IBEX 35
París - CAC 40
EuroStoxx 50
Milán - FTSEMIB
Londres - FT100