Spanish Stocks: Azkoyen, Duro, Europac, Gamesa, FCC Shares Move
Stock Chart for Gamesa Corp Tecnologica SA (GAM)
Spain’s IBEX 35 Index advanced for the fourth day in five, adding 29.3, or 0.3 percent, to 10,151.2 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.
Azkoyen SA (AZK SM) climbed 4.8 percent to 2.06 euros, breaking four days of losses. The vending machine maker was added to Banesto Bolsa’s top picks for Spanish small-cap stocks, according to a note sent to clients today.
Duro Felguera SA (MDF SM) rose for a second day, gaining 3 percent to 5.22 euros. The Spanish contractor that designs and builds power plants was raised to “accumulate” from “reduce” at Caja Madrid Bolsa (ESN) by equity analyst Inigo Recio Pascual. The 12-month share-price estimate is 6.16 euros.
Elecnor SA (ENO SM) advanced 1 percent to 9.79 euros, the fourth gain in five days. The Spanish engineering company inaugurated a 10 megawatt solar plant in Spain’s Badajoz province, the company said in an e-mailed statement today. The new plant will serve energy to more than 7,800 homes throughout the region, it said.
Fomento de Construcciones y Contratas SA (FCC SM) rose 1.3 percent to 18.70 euros, erasing the 1 percent decline in the last trading session. General de Servicios ITV SA, a subsidiary of FCC, agreed to sell its vehicle inspection businesses in Spain and Argentina to SGS SA for 180 million euros ($237 million).
Gamesa Corporacion Tecnologica SA (GAM SM) climbed 3.9 percent to 5.60 euros, the stock’s fifth consecutive gain and the best performance on the IBEX 35 today. Iberdrola SA increased its stake in Gamesa to 17.587 percent, according to a regulatory filing.
Obrascon Huarte Lain SA (OHL SM) gained 3.8 percent to 22.43 euros, erasing the last two days of losses. OHL Mexico SAB, the Mexican unit of Spain’s Obrascon, reported third- quarter earnings of 832.3 million pesos. Third-quarter sales were 5.3 billion pesos, according to a filing with the Mexican stock exchange. OHL Mexico raised 9.7 billion pesos in an initial public offering on Nov. 10.
Papeles y Cartones de Europa SA (PAC SM) soared 4.6 percent to 3.42 euros, the biggest gain since Oct. 13. The Spanish company, known as Europac, acquired a factory in France owned by Sweden’s Svenska Cellulosa AB, Europac said in a regulatory filing today. The French factory consumes 40,000 tons of paper per year, it said.
Tubacex SA (TUB SM) increased 2.1 percent to 2.45 euros, the fourth straight gain. The world’s second-largest maker of seamless stainless-steel tubes was added to Banesto Bolsa’s top picks for Spanish medium-cap stocks, according to a note sent to clients today.
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