Banco Commerical, Codere and Sonae: Iberian Stock Market Preview
The following companies may have unusual price changes in Spanish trading. Stock symbols are in parentheses and share prices are from the previous close.
Spain’s IBEX 35 fell 0.6 percent to 10,558.60. Portugal’s PSI-20 Index (PSI20) fell 0.4 percent to 7,727.48
Codere SA (CDR) : The Spanish casino operator with businesses in Spain and Latin America is studying plans to list shares of the company in Brazil, Mexico or the U.S., Expansion reported, citing Chief Executive Officer Jose Antonio Martinez Sampedro. Codere fell 10 cents, or 0.9 percent, to 11 euros.
Banco Comercial Portugues SA (BCP) : Portugal’s second- biggest publicly traded lender is scheduled to hold its annual shareholder meeting. The stock fell 0.9 percent to 56.8 euro cents.
Sonae SGPS SA (SON PL): The Portuguese retailer said it signed a partnership agreement with Condis of Angola to develop a retail business in the African country. Sonae (SON) shares added 0.4 percent to 82.5 cents.
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