Business · Markets · 8 hrs ago
Inditex retakes the Ibex 35's top market value from Santander
Inditex has become the most valuable company on Spain's Ibex 35 again, overtaking Banco Santander on Tuesday.
The ranking compares companies by their total value on the stock market, known as market capitalisation.
Inditex shares closed up 2.06% at €56.56, giving the Spanish clothing group a value of more than €176.2 billion.
Santander's shares fell 0.37% to €11.728, leaving the bank valued at about €170.7 billion.
Inditex is now ahead by more than €5.5 billion.
Santander took the top spot on June 22, but its share price has since fallen, and a share buyback followed by the cancellation of more than 462 million shares reduced the number of its shares on the market.
Inditex regained the top market-value position on Spain’s Ibex 35, overtaking Banco Santander.
Inditex shares closed at 56.56 euros on Tuesday, up 2.06%, giving it a market value above 176.277 billion euros.
Santander shares closed at 11.728 euros, down 0.37%, with a market value of 170.71863 billion euros.
Inditex’s lead was just over 5.559 billion euros.
Santander had taken the lead on June 22, nearly four months earlier.
- Who
- Inditex and Banco Santander.
- What
- Inditex regained the Ibex 35’s highest market value, overtaking Santander.
- When
- Tuesday, October 20, 2026.
- Where
- Spain’s Ibex 35 stock index.
- Why
- Inditex’s share price rose, while Santander’s share price fell and its share count declined after a buyback and subsequent share cancellation.
This story does not have two clearly opposing sides.
Santander became the Ibex 35’s most valuable company, with a market value of 176.242 billion euros.
Santander completed a 5.03 billion euro share buyback programme.
Inditex regained the top position, with a market value above 176.277 billion euros.
- Inditex closing share price
- 56.56 euros
- Inditex market value
- More than 176.277 billion euros
- Santander closing share price
- 11.728 euros
- Santander market value
- 170.71863 billion euros
- Inditex lead
- Just over 5.559 billion euros
- Santander shares cancelled after buyback
- More than 462 million