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Santander exhausts the Brexit rally and lags behind in the Ibex

By E.B.

Specifically, Santander shares fell by 0.84% ​​by mid-morning to 2.64 euros in the framework of an Ibex 35 that at the same time rose 0.58%. So far this year, the value accumulates a fall of 25% that has left its market capitalization in the environment of 45,750 million euros.

The entity chaired by Ana Botín returns to the red after three consecutive days of progress, exhausting the mini rally experienced in recent days before the optimism of investors about the trade agreement between the European Union and the United Kingdom for after Brexit, finally confirmed the Christmas Eve in the afternoon.

It does extend the advances Banco Sabadell, the other Spanish bank with a significant presence in the United Kingdom. In the case of the entity chaired by Josep Oliú, it advanced 1.26% by midmorning to 37.1 cents.

However, the value is the worst hit in the entire banking sector so far this year, with a cumulative drop of 62% to a market capitalization of around 2,000 million euros.

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