April 26 (Bloomberg) -- Spain’s IBEX 35 Index rose for a second day, climbing 21.1, or 0.2 percent, to 10,939.3.
The following were among the most active stocks in the Spanish market today.
Fersa Energias Renovables SA (FRS SM) slumped 3.2 percent to 1.66 euros, the lowest close since October 2008. Spain may cut premiums paid for renewable energy by 40 percent from this year through 2013 to help cut the government’s electricity bill by as much as 12 billion euros ($16 billion), El Mundo reported.
Iberdrola Renovables SA (IBR SM) sank 4.9 percent to 2.87 euros and Solaria Energia y Medio Ambiente SA (SLR SM) declined for an eighth day, losing 4.2 percent to 2.08 euros.
Natra SA (NAT SM) gained 1.9 percent to 2.45 euros, a second day of advances. Banesto Bolsa upgraded Spain’s largest maker of cocoa products to “buy” from “sell.”
Red Electrica Corp. SA (REE SM), the operator of Spain’s power grid, fell for a fourth day, retreating 3.6 percent to 36.52 euros. Spain’s Industry Ministry sent energy regulator CNE a proposal to delay electricity infrastructure investments valued at 1.25 billion euros.