By Jeremy van Loon
Nov. 9 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.
The benchmark DAX Index added 0.1 percent to 5,488.25. Futures on the measure expiring in December were little changed.
Allianz SE (ALV GY): Europe’s biggest insurer said third- quarter net income from continuing operations more than doubled to 1.32 billion euros ($1.97 billion) as investment income rebounded. The stock rose 54 cents, or 0.7 percent, to 79.31 euros.
Colonia Real Estate AG (KBU GY): The real estate company posted nine-month net income of 8.3 million euros compared with a net loss of 49.8 million euros in the year-ago period. The shares rose 6 cents, or 1.4 percent, to 4.30 euros.
Continental AG (CON GY): Europe’s second-largest auto-parts maker was upgraded to “buy” from “hold” at Citigroup Inc. The stock fell 50 cents, or 1.4 percent, to 36.60 euros.
Deutsche Post AG (DPW GY): Chief Executive Officer Frank Appel is seeking permission from German regulators to raise stamp prices for the first time in 12 years to compensate for declining postal sales, Wirtschaftswoche reported. The stock rose 13 cents, or 1.1 percent, to 11.93 euros.
MorphoSys AG (MOR GY): The drugmaker got clearance from Germany’s Paul Ehrlich Institute to start a clinical trial in patients with rheumatoid arthritis using its investigational MOR103 drug. The shares fell 22 cents, or 1.3 percent, to 17.18 euros.
Munich Re (MUV2 GY): The price estimate for the world’s largest reinsurer was raised to 101.05 euros from 96.91 euros at ING Bank NV. Te shares fell 89 cents, or 0.8 percent, to 105.31 euros.
Puma AG (PUM GY): The company owned by PPR SA said third- quarter net income declined to 67.9 million euros from 89 million euros. The shares rose 71 cents, or 0.3 percent, to 223 euros.
To contact the reporter on this story: Jeremy van Loon in Berlin at jvanloon@bloomberg.net
Last Updated: November 9, 2009 02:15 EST
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