Spanish Stocks Rise: Bankinter, Mapfre, Popular, Santander Move

Spain’s IBEX 35 index gained 153.4, or 1.5 percent, to 10,729.9 at the 5:30 p.m. close in Madrid, rebounding from three days of losses. The gauge gained 0.2 percent this week. The Madrid Stock Exchange General Index also climbed 1.5 percent today.

The following were among the most active stocks in the Spanish market. Symbols are in parentheses after company names.

Bankinter SA (BKT) jumped 3.1 percent to 4.99 euros. The bank said the first 175 million-euro ($248.3 million) tranche of its convertible bond sale was oversubscribed in a regulatory filing.

Banco Popular Espanol SA (POP) increased 1.5 percent to 4.21 euros, rebounding from three days of losses. Banco Santander SA (SAN) , Spain’s biggest bank, climbed 2.7 percent to 8.41 euros. Mapfre SA (MAP) , the country’s largest traded insurer, rose 2.1 percent to 2.71 euros.

Financial companies advanced in Europe after Irish regulators said in the final minutes of trading yesterday that four of the country’s lenders need to raise 24 billion euros in additional capital, absolving senior bondholders from taking any losses for now. The European Central Bank said it will accept all debt instruments backed by the Irish government as collateral against ECB loans as Ireland attempts to shore up its banking industry.

Bolsas y Mercados Espanoles (BME SM), operator of the Madrid stock exchange, surged 5.9 percent to 22.73 euros. Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. made an unsolicited $11.3 billion bid for NYSE Euronext, attempting to snatch the owner of the New York Stock Exchange away from Deutsche Boerse AG.

Natraceutical SA (NTC) retreated 1.4 percent to 35.5 euro cents, paring yesterday’s gain. Javier Adsera, the caffeine producer’s chairman, resigned from his post, the company said in a filing yesterday.

To contact the reporter on this story: Alexis Xydias in London at axydias@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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