Bankia, BCP, Caixabank, Popular: Iberian Equity Market Preview

The following companies may have unusual price changes in Spanish and Portuguese trading. Stock symbols are in parentheses and share prices are from the previous close.

Spain’s IBEX 35 Index lost 2 percent to 8,222.70 in Madrid. Portugal’s PSI-20 Index lost 2.2 percent to 6,011.55.

Spanish stocks:

Banco Popular SA (POP SM), Bankia SA (BKIA SM), Bankinter SA (BKT SM), Caixabank SA (CABK SM): Spanish banks may be active as their executives speak at a conference for investors in London. Popular shares lost 1.9 percent to 3.36 euros. Bankia shares slipped 1.6 percent to 3.59 euros. Bankinter shares fell 0.1 percent to 3.90 euros. Caixabank shares rose 2.4 percent to 3.32 euros.

Portuguese stocks:

Banco Comercial Portugues SA (BCP PL): BRE Bank SA (BRE PW), the Polish unit of Commerzbank AG, and Intesa Sanpaolo SpA (ISP IM) are among five to six companies that placed initial bids for Bank Millenium SA, the Polish unit that the Portuguese lender is selling, Gazeta Wyborcza reported on its website today, without saying where it got the information. BCP shares lost 4.7 percent to 20 euro cents.

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