Tuesday, April 24, 2007

Real-Estate Stocks in Spain Tumble, Led by Astroc and Grupo Inmocaral

(Bloomberg) -- Shares of Astroc Mediterraneo SA, Grupo Inmocaral SA, Montebalito SA and other Spanish real estate stocks slumped more than 10 percent.

Astroc's shares dropped as much as 20 percent to 14.10 euros in Madrid, while Inmocaral fell as much as 15 percent to 4.13 euros. Montebalito declined as much as 18 percent to 20.62 euros and Urbas Proyectos Urbanisticos SA lost as much as 22 percent to 2.11 euros.


Read more at Bloomberg Stocks News

No comments: