Spanish Stocks Summary: Codere, Ferrovial, Fluidra Move in Madrid Trading
Stock Chart for Ferrovial SA (FER)
Spain’s IBEX 35 Index rose 143.8, or 1.4 percent, to 10,148.2 at the 5:35 p.m. close in Madrid, for a weekly gain of 0.5 percent. The Madrid Stock Exchange General Index increased 1.4 percent to 1,048.7.
The following were among the most active stocks in the Spanish market today.
Ferrovial SA (FER SM), the Madrid-based builder, gained 2.9 percent to 6.88 euros. The Canada Pension Plan Investment Board agreed to buy Intoll Group of Australia for A$3.44 billion ($3 billion), gaining a 30 percent stake in the 407 ETR highway near Toronto. Ferrovial’s Cintra division owns 53 percent of the toll road.
Analysts at Mirabaud today set a price estimate for Ferrovial shares of 9.50 euros, as the Intoll acquisition values Ferrovial’s stake in the highway at 3.78 billion euros.
Fluidra SA (FDR SM) added 1.5 percent to 2.70 euros. The swimming-pool maker said first-half net rose to 20.6 million euros from 3.2 million euros a year earlier. Sales in the period grew 4.9 percent, the company reported.
Iberdrola Renovables SA (IBR SM) advanced 1.8 percent to 2.58 euros. The company said it won a contract to operate nine Brazilian wind farms with a total capacity of 258 megawatts for a period of 20 years.
Repsol YPF SA (REP SM), Spain’s largest oil company, gained 1.8 percent to 18.09 euros. Crude for September delivery gained for a third day on the New York Mercantile Exchange.
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.