IBEX 35 definition
The IBEX 35 is the benchmark stock market index of the Spanish Continuous Market. The index is consisting of the 35 most liquid stocks traded on the Continuous market. The index was created on December 29, 1989, with a base level of 3000. It is a free-float, capitalization-weighted index.
What does IBEX stand for?
The IBEX 35 is acronym of Índice Bursátil Español, literally Spanish Exchange Index is the benchmark stock market index of the Bolsa de Madrid, Spain’s principal stock exchange.
How IBEX 35 is calculated?
IBEX is calculated, controlled and published by the Sociedad de Bolsas. To calculate the index, the equities, use free float shares. The IBEX 35 is a capitalization-weighted index. The market cap used to calculate the weighting of each constituent is multiplied by a free float factor (ranging from 0.1 to 1) depending on the fraction of shares not subject to block ownership.