| Málaga beat Girona 4-2 (H) on 10 Oct 1948 |
| Girona beat Hércules 2-0 (H) on 3 Oct 1948 |
| Hércules beat Levante 4-2 (H) on 26 Sep 1948 |
| Levante beat Mestalla 1-0 (H) on 19 Sep 1948 |
| Mestalla beat Badalona 3-2 (H) on 12 Sep 1948 |
| Badalona beat Real Murcia 3-0 (H) on 3 Oct 1948 |
| Real Murcia beat Real Sociedad 3-0 (H) on 26 Sep 1948 |
| Real Sociedad beat Racing Ferrol 3-1 (H) on 3 Oct 1948 |
| Racing Ferrol beat Barakaldo 1-0 (H) on 12 Sep 1948 |
| Barakaldo beat Sporting Gijón 1-0 (H) on 3 Oct 1948 |
| Sporting Gijón beat Granada 2-0 (H) on 10 Oct 1948 |
| Granada beat Castellón 1-0 (H) on 12 Sep 1948 |
| Castellón beat Racing Santander 3-2 (H) on 19 Sep 1948 |
FLP: Thick arrows show the earliest chain of wins that passes through every team.