Pharmaceutical company Grifols took a breather and rose as much as 5 percent at the Stock Exchange open, but by 10 a.m. its shares were down 1.37 percent. The company suffered a stock market earthquake this Tuesday with the publication of a report by a bearish fund accusing it of hiding its accounts to hide part of its debt. The group’s securities fell by 25.91% in Tuesday’s session. The company sent two statements to the National Securities Exchange Commission, flatly denying the fund’s claims and hiding behind the fact that its accounts were “fully supported by its auditor, KPMG.” The regulator refused to suspend trading even though the company’s shares accumulated losses of up to 42% in value at some points during the session.
CNMV President Rodrigo Buenaventura, He assured on Tuesday that he had reviewed all the information from Grifols and the document published by bearish fund Gotham City Research.exposed the Gowex financial scandal of a decade ago. “Trading suspension is applied when the investor does not know about it, when the information is incomplete or asymmetric. This is not the current situation,” Buenaventura said at an event at the Palace of the Madrid Stock Exchange on Tuesday. said.
The Spanish stock market opened this Wednesday with a loss of 0.11%Following the negative trend in Europe the previous day, a mixed sign was seen on Wall Street and Asia. On Wednesday, the market will continue to focus on Grifols, which rallied almost 2% at the stock market’s open and rose as much as 5%. Grifols started the trading day this Wednesday on a rise, with the Ibex 35 rising almost 5% to 11,075 euros per share at 9:04 a.m., but minutes later it eased its momentum to 2.82% higher. up to 10.85 euros per title.
Ibex 35 in the first stages of the day, The main Spanish selector is trading at 10,049.3 points after falling slightly by 0.11%.. Losses recorded in the first sessions of the year reached 0.52%. Wednesday’s macroeconomic agenda includes several references, such as industrial production data in France and retail sales data in Italy.