Acerinox, Solaria, Bankinter, Indra: Spanish Equity Preview
The following companies may have unusual price changes in Spanish trading. Stock symbols are in parentheses and share prices are from the previous close.
Spain’s IBEX 35 Index fell 0.1 percent to 10,815.4.
Acerinox SA (ACX SM): The stainless steel producer was rated “buy” in new coverage at Nomura Holdings Inc. The shares fell 1.4 percent to 12.38 euros.
Bankinter SA (BKT SM), Banco Popular Espanol SA (POP SM): Spanish lenders may move after Finance Minister Elena Salgado said the country’s lenders require no more than 20 billion euros ($27 billion) of extra capital, “all or part” of which they will be able to raise in financial markets. Bankinter shares fell 1.1 percent to 5.1 euros. Popular shares retreated 2.4 percent to 4.41 euros.
Indra Sistemas SA (IDR SM): Spain’s largest computer- services company said 2011 sales will grow more than 2 percent in 2011. Indra’s contracts will exceed those of 2010, the company said in a filing yesterday. The shares dropped 0.4 percent to 13.38 euros.
Solaria Energia y Medio Ambiente SA (SLR SM): The Spanish solar-panel maker that lost 42 percent of its market value last year is looking to acquire a raw materials supplier as it branches upstream into more profitable businesses. The shares fell 0.3 percent to 1.52 euros.
Telefonica SA (TEF SM): Movistar Venezuela, a subisidiary of Madrid-based Telefonica SA, said it will not be receiving any Research In Motion Ltd.’s Blackberry mobile handsets “for the moment.” The shares advanced 0.4 percent to 18.45 euros.
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