Iberdrola is the leader in market capitalization ahead of Inditex

Iberdrola retained the first place by Spanish stock market capitalization with a value of 69,815.3 million euros, after surpassing textiles conglomerate Inditex in moments of the session on Wednesday. iberdrolaAccording to market data.

at 11:00 local time, Inditex It had a capitalization of EUR 70,343.1 million, up 1% to EUR 22.57 per title, while that of Iberdrola fell 0.80% to EUR 10.92.

With this increase, Inditex’s capitalization, which ended at EUR 69,283.5 million, slightly exceeded Iberdrola, which at the time was worth 70,330 million on the stock market.

Close on third place continues Santander Bank with 50,986 million euros; the fourth captures that BBVA 33,392.7 million and with the fifth Selnex With 27,913.2 million euros.

On 31 March, Inditex lost first place by capitalization of the Spanish market, in the context of a sharp decline for the group due to the uncertainty surrounding the war in Ukraine.

From that moment to the present day, Iberdrola has been the most heavily weighted company on the IBEX 35.

On July 20, 2020, energy company Iberdrola managed to establish itself as the largest Spanish company by capitalization for the first time in its history, a position that has been disputed with Inditex.