Spanish hotel group Sol Melia put in the worst performance on the Ibex 35 index on 20 August, falling 4.4%.
The fall was triggered by a report published by US investment bank Merrill Lynch, lowering its recommendation on the stock. After several days of share price rises, Sol Melia’s share price fell by 23 euro cents to close at ¬5.
El Mundo, 31 August 2002, p28
