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Spanish Stocks: Banco Santander, Vueling Airlines Are Active
Spain’s IBEX 35 Index fell for the first time in four days, sliding 124.9, or 1.3 percent, to 9,889.9 at the 5:30 p.m. close in Madrid.
The following are among the most active stocks in the Spanish market. Symbols are in parentheses after company names.
Banco Santander SA (SAN SM) fell for the first day in four, losing 18.6 cents, or 2.2 percent, to 8.15 euros. Spain’s largest bank will reimburse investors in its Santander Banif Inmobiliario FII fund and if all the fund’s investors decide to withdraw, the operation will cost the bank between 2.35 billion euros ($3.14 billion) and 2.45 billion euros, Expansion reported.
Vueling Airlines SA (VLG SM) fell for a second day, declining 28 cents, or 3 percent, to 9.07 euros. The strike by Spanish air traffic controllers cost the nation’s tourism industry 400 million euros, Expansion reported, citing Juan Iranzo, the director of the Instituto de Estudios Economicos in Madrid.
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