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Spanish Stocks: Inditex, Tecnicas, Repsol, Antena 3, Gamesa Move

March 23 (Bloomberg) -- Spain’s IBEX 35 index advanced 61.9, or 0.6 percent, to 10,638 at the 5:30 p.m. close in Madrid. The Madrid Stock Exchange General Index added 0.5 percent today.

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

Antena 3 de Television SA (A3TV SM) dropped 1.4 percent to 7.02 euros, extending yesterday’s loss. The broadcaster was downgraded to “underperform” from “hold” at Jefferies Group Inc. by analyst Nicholas Bell.

Gamesa Corporacion Tecnologica SA (GAM SM) climbed 2.9 percent to 6.93 euros, erasing the last two days of losses. Spain’s biggest wind turbine maker won a contract to supply five 2-megawatt turbines to the Valley View wind farm outside Chandler, Minnesota, the company said today in an e-mailed statement.

Inditex SA (ITX SM) soared for a fifth day, jumping 6 percent to 57.25 euros, the largest increase in more than nine months. The owner of the Zara chain said fourth-quarter net income advanced 14 percent, according to calculations based on full-year results, beating analysts’ estimates, as the company sold more clothing and opened stores in Asia.

Repsol YPF SA (REP SM) fell 1.8 percent to 23.57 euros, snapping four days of gains. Spain’s biggest oil company said in a filing the price set for the sale of 26.2 million shares in its Argentine unit, YPF, was set at $41 per American depositary share.

Tecnicas Reunidas SA (TRE SM) rose 2.8 percent to 41.84 euros, erasing yesterday’s loss. The Spanish engineering company won a $500 million contract to build an ammonium nitrate factory for Yara International ASA in Western Australia. The facility will produce 330,000 metric tons of the explosives ingredient a year to supply mines in Pilbara.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

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

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