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Spanish Stocks: Abengoa, Faes Farma, Mapfre, Service Point Move

Spain’s IBEX 35 index was little changed, dropping 2.70, or less than 0.1 percent, to 10,732.3 at the 5:30 p.m. close in Madrid. The Madrid Stock Exchange General Index also slid less than 0.1 percent.

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

Abengoa SA (ABG SM) dropped for the first day in three, losing 2.7 percent to 23.36 euros. Spain’s biggest builder of solar thermal plants was cut to “hold” from “buy” at Kepler Capital Markets.

Faes Farma SA (FAE SM) advanced for the first time this week, adding 2.5 percent to 2.87 euros. The drugmaker said it will start selling its allergy treatment Bilastina in Spanish pharmacies in the first week of April.

Mapfre SA (MAP SM) rose 1.3 percent to 2.69 euros, snapping three days of losses. Aviva Plc, a U.K.-based insurer, may sell some of the alliances it has with some Spanish savings banks, especially the one in Bancaja, which could be bought by Mapfre, Spain’s biggest insurer, El Confidencial said.

Service Point Solutions SA (SPS SM) rose for the first day in three, gaining 1.4 percent to 51.9 euro cents. Spain’s only publicly traded document-management company aims for 2011 earnings before interest, tax, depreciation and amortization of 20 million euros ($28 million) to 22 million euros, the company said.

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