STOCKS NEWS EUROPE-Sacyr jumps on Repsol results

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07:20GMT 13May2008-Sacyr jumps on Repsol results

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Shares in Spanish construction group Sacyr Vallehermoso (SVO.MC: Quote, Profile, Research) jump after oil and gas group Repsol (REP.MC: Quote, Profile, Research), in which it owns a 20 percent stake, posts higher-than-expected first-quarter results.

At 0720 GMT, Sacyr stock is up 2.5 percent to 23.20 euros. Repsol is up 1.4 percent at 26.80 euros.

"Sacyr is up thanks to some very good results at Repsol but you also have to remember that the volume is very low," said one trader.

Less than 4 percent of Sacyr's average daily volume has changed hands in the first 20 minutes of trade. For more on Repsol results double click on [ID:nMDT005183]

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