Sacyr y Activate Energy They are the main candidates to enter the Ibex 35 in the revision of the composition of the index that will be carried out by the Technical Advisory Committee this Thursday. This is what market experts say, who agree that on this occasion – they meet every six months – there will be changes in the Spanish selective.
Diego Morin, from IG, sees likely changes in the Ibex 35, “especially with Sacyr meeting the necessary requirements and with companies like Cie Automotive in the eye of the Committee.” Morín recalls that we must also be aware of the takeover bid launched by Siemens Energy on its subsidiary Siemens Gamesa, especially if there is a delisting, which would leave a vacancy in the Spanish selective.
In this sense, it clarifies that until the result of the takeover bid is known, “there is the possibility that the decision” of the Committee will be delayed. The analyst explains that the companies that do not meet the requirements to be within the selective are Cie Automotive, Almirall, PharmaMar or Meliá Hotels, taking into account the necessary percentage of capitalization.
Likewise, he adds, the first company is also surpassed by Sacyr in traded volumes, thus fulfilling the latter with the necessary requirements.
In the absence of a few sessions for the decision, “Sacyr meets the necessary requirements to enter the selective, especially by beating Cie Automotive, one of the candidates to leave the top 35,” he says.
Morín adds that Acciona Energía is also positioned as a candidate to enter the indicator, with a capitalization of around 11,400 million euros, having a weight of 0.44%.
The company rises more than 46% from its annual lows, and has even reached highs for the year.
The analysts of Bankinter They also foresee changes in the composition of the indicator, and see Acciona Energía, Logista and Sacyr as possible candidates to enter.
All three, they explain, meet the minimum capitalization requirement, a condition that, as they point out, is again breached by Meliá Hotels, which, however, has a trading volume “clearly higher than that of the potential candidates.”
However, they assure that Sacyr and Logista are more likely to enter the index than Acciona Energía, since they accumulate several quarters with high volumes. On the other hand, they highlight that the majority stake (almost 83%) of Acciona (already a member of the Ibex 35) in Acciona Energy “could be a factor against its incorporation.” Renta4 analysts expect Acciona Energy to replace Admiraly Logista a CIE Automotive.
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