Sabadell share price and market performance during the quarter
Macroeconomic news and highlights related to Sabadell share price during the quarter
Financial markets have been very volatile in the second quarter of the year. Economic outlooks have deteriorated, influenced by the three key factors: (i) the ongoing conflict in Ukraine, (ii) the zero-Covid policy implemented in China, which has caused problems in global supply chains, and (iii) high inflation, which continues to surprise to the upside, rebounding in the main developed economies. Central banks have made tackling inflation their top priority, initiating or announcing interest rate hikes.
Activity data in Spain have generally been positive in the second quarter of the year, supported by the recovery of tourism. Spain’s government extended the measures put in place to deal with the consequences of the conflict in Ukraine and approved a further VAT reduction, lowering the rate on electricity to 5%.
Against this backdrop, Sabadell’s share price was revalued by +2%* in the second quarter, bringing the cumulative revaluation in the first half of the year to +28%*, currently standing far above peers in Spain and Europe and thus remaining one of this year’s best value stocks on the IBEX.
Lastly, it is worth recalling that Banco Sabadell paid a cash dividend of €0.03 per share on 1 April.
* Excluding dividend payout adjustment.
Sabadell share price and volumes
Information about month-end prices and average daily volume of securities traded
*Source: Bolsas y Mercados Españoles (Spanish stock market operator)
Share price performance
Graph showing share price performance of Sabadell and other Spanish banks listed on the stock exchange
*Source: Bloomberg. Data rebased to 100 at the start of the period, adjusted for capital increases, dividends, stock splits, etc.
Quarter-end technical data
Key indicators of the Sabadell share for this quarter
*As at 30 June 2022
**Source: Bolsas y Mercados Españoles (Spanish stock market operator)