Mitengo yepasi rose indices munaKurume yakaratidza hunhu hwakapesana muhusiku huviri hwakafanana. Nepo kururamisa kwacho kuchinyanya kuzivikanwa mumazuva gumi nematanhatu ekutanga emwedzi, mumasvondo maviri echipiri ivo vakawana chikamu chakakodzera chekugadzirisa kwakapfuura. Semuenzaniso, iyo Ibex 16 akagadzirisa chiyero chako ne30% mumazuva ekutanga gumi nematanhatu, asi kubva musi iwoyo kuwedzeredzwa kweanopfuura gumi nerimwe muzana kwakanyorwa kusvika kupera kwaKurume, maererano nedatha razvino rakapihwa neAssociation of Collective Investment Institutions uye Pension Funds (Inverco).
Izvi zvinoratidza kuti chero munhu akaisa chinzvimbo muhafu yekutanga yemwedzi, zvichibva mukushomeka kwemusika musika, aisango fanirwa kutora kurasikirwa kwemazuva iwayo, asi zvakare anga asina kukwanisa kutora mukana kururamisa kwemazuva anotevera, ichisimbisa kuti zano rakaringana Investment nderimwe rinotarisa chinangwa charo pane yepakati nepakati refu. Yakagadziriswa mari misika zvakare yakanyoreswa kudzikiswa muukoshi, pamwe nekuwedzera muIRR yenguva refu-yeruzhinji chikwereti, inosvika ku0,54% yegore. 10-gore reSpanish bond (kubva pa0,30% mumwedzi wapfuura), kana - 0,49% yechikwereti chehurumende chenguva refu cheGerman kubva -0,61% mumwedzi wapfuura.
Kune rimwe divi, iyo premium njodzi inosvika kune zana hwaro poindi. Kutya kwekuderera kwehupfumi hwenyika nekuda kwemhedzisiro yedambudziko rakakonzerwa nechirwere checoronavirus kwaunza kusagadzikana kwakanyanya mumisika yezvemari, zvichikonzera kudzikiswa kwakakosha mukukosha muzvikamu zvese. Chiziviso chakaitwa neEuropean Central Bank (ECB) chechirongwa chitsva chekutenga nechimbichimbi nemari ine 750.000 mamiriyoni emamiriyoni kusvika kupera kwegore, pamwe nekutenderwa neUS kweUS $ 2 trillion chirongwa chekusimudzira hupfumi.
Mari yemari: goho repamusoro
Imwe yemidziyo yemari yakanyanya kukanganiswa nemamiriro azvino emari pasina mubvunzo chibereko chakakwira. Zvirinani kuzivikanwa sejunk bond, izvi zvigadzirwa zvekudyara izvo zvinopihwa nenyika kana makambani akagamuchira yakaderera ratidziro. nemasangano ekuongorora njodzi uye vanofanirwa kubhadhara mubhadharo wakakwira kumudyari nekuti vari kutora njodzi yakawanda nekuvatenga. Mupfungwa iyi, vamiririri vakaita seStandard & Poor's, Moody's kana Fitch, kutumidza anomiririra zvakanyanya, vhara iyo zvikwata zvemubatanidzwa zvinoenderana nekuchengeteka kwavanopa investor.
Chero zvazvingaitika, goho repamusoro kana zvisungo zvisina tsarukano chibereko chinotakura njodzi dzakawanda kupfuura dzimwe dzese, sezviri kuoneka mune iri nyonganiso yezvehupfumi. Nekuti inogona kunzwisiswa semari yemari yakabatana nehupfumi hwekutenderera. Mupfungwa yekuti vanopa pundutso yavo yakanakisa munguva dzakapamhama dzehupfumi uye, zvinopesana, vane hunhu hwavo hwakanyanya mukudzikira, senge iyo iri kusangana nekusvika kwekorionavirus. Nekusagadzikana uko kwakanyanya kuwanda kupfuura mune mamwe makambani emari yemari.
Peripheral zvisungo
Icho chimwe chevakakundikana zvikuru mune iri dambudziko rehupfumi nekuti ivo havape vatyairi chivimbo. Semuenzaniso, mune chaiyo kesi ye Spanish neItaly zvisungo izvo zvisina kumira kurasikirwa nepundutso mumasvondo apfuura. Kusvika padanho rekuti chikamu chakanaka chevashambadziri vadiki nepakati vakasiya zvinzvimbo zvavo mune izvi zvemari zvinhu nekuda kwenjodzi chaiyo yekuti vangangoramba vachirasikirwa nekukosheswa kwavo mumavhiki anotevera. Kunge kusavimba kushoma kwavanogadzira pakati pevamiriri vakasiyana kana vamiririri vezvemari. Kuva chimwe chezvigadzirwa zvakagadzirirwa kudyara kwezve izvo zvinofanirwa kunge zvisipo mumazuva akasarudzika emunhu wese.
Nepo kune rimwe divi, hazvigone kukanganwika kuti mabhendi eperiya aripo muchikamu chakanaka chemari yekudyara zvichibva pamari yakatarwa. Chero zviri zvega kana sechikamu chemimwe midziyo yemari yehunhu hwakasiyana. Zvakare nenyaya yekuti inofungidzirwa kuti inivhesitimendi inoitirwa avo vanodzivirira kana vanochengetedza ma profiles. Asi ino nguva haisi shamwari yakanakisa yekuita kuti mari ichengetwe kubva kune chero zano rezvekudyara. Nokurasikirwa mumari yekudyara mukati memwedzi waKurume pakati pe10% ne13%. Kunyangwe kune rimwe divi zvakaratidza kupora zvishoma mumazuva ekutanga emwedzi uno waApril.
Ari kubuda misika
Nezve kuregererwa, zvikamu zvakarangwa zvakanyanya munaKurume zvaive zvese zvenguva pfupi-yakatarwa mari yemari uye mari yepasi rose (1.590 uye 1.417 mamirioni euros zvichiteerana). Asi chero zvazviri, iwo ari kusimuka emisika yemasheya ayo ane tarisiro yakaipisisa munguva pfupi. Nekuti ivo vachatambura zvakanyanya kupfuura misika mikuru yemari uye ivo vanokwanisa kuburitsa mari inotyisa kuwana kune vese vadiki nepakati varimi. Iine kudzoka kwakashata uko kunogona kusvika pamatanho padyo padyo ne30% kana kunyangwe iine masimba akakwirira. Kunyanya, nekuda kwekusahadzika kunokonzerwa mune idzi nyika nechikwereti chavakaunganidza kwemakore akati wandei. Munharaunda iyo isinganyanyo fadza hunhu hwavo mumisika yemari.
Kune rimwe divi, misika iri kubuda haisi yekupinda munzvimbo dzayo nekuti ndizvo mikana yakakura yekurasikirwa nemari pane kukunda. Uye nekudaro, njodzi dzisingakoshi hadzigoni kutorwa nekuti pakupedzisira mhedzisiro inogona kuve yakaipa kwazvo kumhuri yedu kana zvido zvedu. Kune misika mishoma kwazvo yehunhu uhu hwakaramba hutsinye hwekutengesa hwazvino hwatakatambura kubvira mazuva ekutanga aKurume. Ichi chiratidzo chekuti chikamu chakanaka chevashambadzi vadiki nepakati vanofanirwa kufunga kubva zvino zvichienda mberi. Chekutanga pane zvese, kuchengetedza yako mari pane mamwe maitiro ane hukasha.
Oiri inotongwa nekusagadzikana
Inogona kunge iri imwe yeiyo kukosha kwekupotera par kugona, asi muchokwadi zvave zvisiri nenzira iyi. Kana zvisiri, pane kudaro, chave chiri chikamu chechinetso sezvo mutengo waro mumisika yezvemari wakadzikira kusvika pamatanho ane njodzi emadhora makumi maviri emadhora pagiramu. Kubva panguva ino yekutarisa, iri dambudziko zvakanyanya kupfuura mhinduro kumatambudziko edu ekudyara mumazuva ano akaoma atakaunzwa gore idzva iri. Icho chinhu chinobatsira kwazvo kuti utengese mukutengesa nekuda kwekusiyana kukuru pakati pemitengo yayo yepamusoro uye yepasi uye izvo zvinokutendera kuti uwedzere mashandiro zvakanyanya kana iwe uine imwe dzidziso mune yerudzi urwu mafambiro mumisika yemari.
Kune rimwe divi, haugone kukanganwa kuti pakave nechibvumirano pakati peRussia neSaudi Arabia iyo inobvumidza kuwedzera kugadzirwa kweichi chigadzirwa mbishi kubva zvino zvichienda mberi. Uye izvo saka, uye nemufungo wakanaka, zvichaita kuti mutengo weduri ukwire zvakanyanya. Muchokwadi, yatove pamatanho emadhora makumi matatu pabhari uye netarisiro yekuti inogona kuzviita mumazuva ano akaomarara ekutengesa. Muchirevo chitsva chinokwevera kutarisisa kwechikamu chakanaka chevashambadzi vadiki nepakati vane kusahadzika kwakawanda pamusoro pezvavanofanira kuita mazuva ano. Pamatanho akafanana ezvimwe zvinhu zvemari, sekutenga uye kutengeswa kwemasheya mumusika wemasheya kana mari yekudyara yemhando ipi neipi nemamiriro. Ndokunge, netsika dzakatsva zvachose kune vashandisi munyika medu.
Tekinoroji chikamu chikamu
Iko kune chokwadi chinokwevera kutarisisa kwakanyanya kubva kune vadiki nevepakati varimi uye ndezvekuti parizvino Nasdaq yakangodzikisira 7% kubva pamazuva ekutanga egore. Izvi mukuita zvinoreva kuti tech stocks haisi kuita zvakaipa mumisika yemari. Kana zvisiri, pane kudaro, uye neimwe nzira, ivo vari kuita senzvimbo dzakachengeteka mune ino mamiriro matsva ayo misika yequity irikupa kutenderera pasirese. Nevamwe vavo kunyangwe pamatanho akanaka uye ayo anovhurawo kune yekare kondinendi yekutengesa pasi uye izvo parizvino zviri chinhu chekufamba kwemari kuyerera.
Nepo pakupedzisira, zvinofanirwa kucherechedzwa kuti hunhu hwetekinoroji chikamu chimwe chezvikamu zvakanyatsomira kudonha kwakakosha mumusika wemasheya. Nguva dzose iri pamusoro petsika dzechinyakare dzemisika yepasi rese yemasheya. Uye chero zvakadaro, inosimbisa chokwadi chekuti hazvisi zvese zvichave nhau dzakaipa dzehupfumi hwemari munguva dzekupesana kwakapararira. Kana zvisiri, pane kudaro, zvinzvimbo zvinogona kutorwa kuti zviwane nekukurumidza kuwana mune aya anotengesa zvikamu. Kunyangwe iine michero yemicheto isina kukwirira seyedzimwe nguva dzakajairika, senge kudzamara chiitiko chisingafanoonekwi chaitika. Neshanduko yakakosha mune yedu tsika dzekudyara.
Kushanda pamusika weSpanish wemusika
Zviri 59,9% kupfuura mumwedzi mumwe chetewo sepagore rapfuura uye 46,4% kupfuura muna Kukadzi
Huwandu hwezviyero zvekutengeserana hwakaenzana kusvika 7,61 mamirioni munaKurume, iyo inomiririra gore-gore-gore kuwedzera kwe142,3%. Ndichiri kune rimwe divi, iro vhoriyamu yakatengeswa muFixed Income inonyora kukura kwemwedzi we26,1%. Iko 12 IBEX 77.763 PLUS ramangwana zvibvumirano zvakatengeswa munaKurume 35, nhoroondo yezuva nezuva yezvakaitika, kusasanganisa kupera mavhiki.
Kune rimwe divi, veSpanish Stock Exchange vakatengesa mamirioni makumi mashanu nemakumi mana neshanu emamiriyoni eEvable Income munaKurume, 55.468% kupfuura iwo iwo mwedzi wegore rapfuura uye 59,9% kupfuura muna Kukadzi. Huwandu hwekutaurirana munaKurume hwaive 46,4 mamirioni, 7,61% kupfuura munaKurume 142,3 uye 2019% kupfuura mwedzi wapfuura. Muna Kurume, BME yakasvika pamusika mugove mukutengesa kweSpanish kuchengetedzwa kwe82,9%. Ivhareji renji munaKurume yaive 72,39 hwaro poindi padanho rekutanga remutengo (14,96% zvirinani pane inotevera yekutengesa nzvimbo) uye 16 hwaro mapoinzi nekudzika kwema21,43 euros mubhuku reodha (25.000, 26,1% zvirinani), sekureva kwekusununguka LiquidMetrix mushumo. Aya manhamba anosanganisira kutengeserana kunoitwa munzvimbo dzekutengesa, zvese zviri pachena bhuku rekuti (LIT), kusanganisira maokisheni, uye iyo isiri-yakajeka kutengeserana (rima) kunoitwa kunze kwebhuku.
Investment mune yakatarwa mari
Huwandu hwese hwakatengwa muFeeded Income hwaive 31.313 mamirioni euros munaKurume, izvo zvinomiririra kukura kwe26,1% zvichienzaniswa naFebruary. Kubvumidzwa mukutengesa, kusanganisira nyaya dzePublic Debt uye Yakasarudzika Yakagadziriswa Mari, yaisvika mamirioni 42.626 emamiriyoni, nekukura kwe19,5% zvichienzaniswa nemwedzi mumwe chetewo we2019 uye 83,7% zvichienzaniswa naKukadzi wegore rino. Iyo bhalansi yakasarudzika yakamira pa1,59 trillion euros, zvinoreva kuwedzera kwe0,9% kana ichienzaniswa naMarch 2019 uye 2% mune yakaunganidzwa yegore.
Pakati pemwedzi waKurume kutengesa mumusika weFineral Derivatives kwakaramba kuchikura. Kunyanya mu Index Futures, mumwedzi unoratidzwa nekuwedzera kwekusagadzikana. Musi waKurume 12, 77.763 IBEX 35 PLUS zvibvumirano zvenguva yemberi zvakatengeswa, zvinyorwa zvezuva nezuva, kusanganisa kupera kwemavhiki. Vhoriyamu yeRamangwana paIBEX 35 yakawedzera ne74,6% uye muFutures Mini IBEX ne200,8% zvichienzaniswa nemwedzi waMarch wegore rapfuura. MuStock Sarudzo, Kurume yaive mwedzi wechitatu wakateedzana wekukura uchienzaniswa nenguva imwechete mu2019, iine kuwedzera kwe60,4%. Ndichiri kune rimwe divi, zviitiko zviri muBME Derivatives Market zvakanyoreswa gore-ne-gore kukura kwe17,8%.
Kubvumirana kwezvisungo zvakagadzikana
BME, kuburikidza neBilbao Stock Exchange, inobvuma nhasi nhaurirano nyaya nyowani yezvisungo zvakachengetedzwa yakatangwa neBasque Hurumende nemari inosvika mazana mashanu emamiriyoni emamiriyoni. Izvo zvisungo zvine makore gumi-gore (kukura kwavo kwekupedzisira kwakarongerwa Kubvumbi 500, 10) uye inowedzera coupon yegore ye30%. Uku ndiko kwechitatu kuburitswa kwezvisungo zvakabatana neEnharaunda, Zvemagariro kana Utongi (ESG) zvinhu zvinoitwa neBasque Hurumende, iyo huwandu hwayo hunosvika 2030 miriyoni euros. BBVA, Santander, Caixabank, Natixis naNomura vakapinda mukuiswa kwenyaya iyi.
Hurumende yeBasque ine chiyero cheA3, chimiro chakatsiga, naMoody's; A +, maonero akanaka, neS & P; uye AA-, yakadzikama maonero, naFitch. Nhepfenyuro iyi inogadzirwa mukati mehurongwa hweUnited Nations Sustainable Development Goals (SDG). Izvo zvikamu zvinopihwa mari zvinoenderana ne83% kuzvirongwa zvemagariro uye muna 17% kuzvirongwa zvezvakatipoteredza Pakati pevamwe, nzvimbo uye marongero ekuita kweyakagadzika emesi sisitimu yeHurumende yeBasque: dzimba dzinodhura, kuwana mabasa akakosha sedzidzo uye hutano, marongero enharaunda, kugadzira mabasa, simba rinowedzerwazve, kutakura kwakasimba, kudzivirira uye kudzora kusvibiswa zvakatipoteredza uye chengetedzo manejimendi yemvura uye yakasviba mvura. Iyi nyaya yezvisungo zvisungo neBasque Hurumende iri kuwedzera kune iyo yakaitwa muna Kukadzi apfuura neAutonomous Community yeMadrid.
Kutora bhidha pamusika weSpanish wemusika
Ndichiri pakupedzisira, zvinofanirwa kucherechedzwa kuti Bhodhi revatungamiriri veBME nhasi ratambira mushumo unosungirwa paPublic Offer yekutenga masheya akatangwa neSITI yezana muzana yemakambani makuru. Basa racho rakagamuchira mvumo kubva kuDare reMakurukota munaKurume 100 uye iyo CNMV yakapa mvumo kubhurocha remashoko rekutora bhodhi munaKurume 24.
Bhodhi revatungamiriri veBME, vachibvumirana, vakapa pfungwa yakanaka pamusoro peOTA mumushumo uyu. Kanzuru "inokoshesa mutengo wekupa" uye inofunga kuti "zvipikirwa zvinofungidzirwa neCHitanhatu uye mamiriro uye matanho akaiswa nemvumo yeKanzuru yeMakurukota, zvakakwana, kuchengetedza budiriro yakakwana yeiyo yechipiri sekondari misika nemaSpanish masisitimu ayo anozvipira izvi ”.
Nekusanganisirwa kwemakambani matatu aya, chikamu chekukura cheEpM chinovhurwa, icho chinoitirwa makambani ane nzira yakadzika mumhando dzese dzematunhu.
Ivo vaviri vatsva vanobatana muchirongwa ichi cheBME iSouthern Spain Bhizinesi Association, CESUR, iyo inotsvaga kusimudzira bhizinesi, hupfumi uye magariro mamiriro ekumaodzanyemba kweSpain, neAtZ Financial Advisors, wezano rezvemari boutique inozivikanwa mumapurojekiti emagetsi anovandudzwa muSpain neLaram, kuwana chikwereti nekuenzana mukubhadhara mari, kugadzirisa chirongwa nekuita kweM & A.
Iko kudaidzira kwePamberi-Musika Nzvimbo kuti igamuchire makambani matsva yakavhurika kune zvinowaniswa. Kuti uwane chirongwa ichi, makambani anofanirwa kuve akabatana-stock kana mashoma makambani, aine hushoma zera remakore maviri, aripo akaongorororwa maakaunzi egore uye nekupa yavo bhizinesi chirongwa che2 makore.
"Kubva payakatanga muna2017, iyo Pre-Musika Nharaunda haina kumira kukura uye iri kuzadzisa chinangwa chayo chekubatsira makambani kugadzirira kukwira kumusika wemasheya uye kubatsira mukusiyana kwakanyanya mumanyuko emari emabhizinesi ejira Spanish" , anotsanangura Jesús González Nieto, maneja maneja weMAB.