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Spanish Stocks: Gestevision Telecinco, Unipapel Are Active Today

Spain’s IBEX 35 index fell 77.5, or 0.7 percent, to 10,678.6 at the 5:30 p.m. close in Madrid. The Madrid Stock Exchange General Index dropped 0.8 percent today.

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

Gestevision Telecinco SA (TL5 SM) slid 1.2 percent to 8.17 euros, paring the previous two days of gains. The commercial television station missed its first-quarter forecast for advertising revenue following its merger with Cuatro, El Economista reported, citing unidentified people in the industry.

Unipapel SA (UPL SM) advanced for a third day, gaining 1.4 percent to 12.76 euros. Spain’s largest maker and distributor of paper products proposes paying a dividend of 1.55 euros per share for its 2010 earnings. Unipapel will pay 55 euro cents per share as an ordinary dividend and 1 euro per share as an extraordinary dividend, the company said.

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