Benelux Stocks: ASML Holding, Barco, SBM Offshore, SNS Reaal Are Active
The Amsterdam Exchanges Index advanced 1.73, or 0.5 percent, to 356.16 at 9:55 a.m. local time, the first increase this week. Belgium’s Bel20 Index dropped 0.3 percent to 2,701.79.
The following are among the most active stocks in Benelux markets today. Symbols are in parentheses.
ASML Holding NV (ASML NA), Europe’s biggest maker of semiconductor equipment rose 1.6 percent to 26.58 euros after first-quarter net income topped estimates. ASML is “on track” for full-year sales above its 2007 peak of 3.8 billion euros ($5.18 billion), Chief Executive Officer Eric Meurice said.
ASM International NV (ASM NA) and BE Semiconductor Industries NV (BESI NA), the second- and third-largest Dutch makers of equipment for chip production, increased 2.9 percent to 20.60 euros and 10 percent to 3.60 euros, respectively.
SBM Offshore NV (SBMO NA), the world’s largest supplier of floating oil-production platforms, fell 1 percent to 15.88 euros, ending a three-day rally. BofA Merrill Lynch Global Research cut its recommendation on the shares to “neutral” from “buy.”
SNS Reaal NV (SR NA) climbed 1.9 percent to 4.99 euros, reversing yesterday’s 1.8 percent loss. The second-biggest Dutch life insurer said it will probably be profitable in the first quarter.
Barco NV (BAR BB), the world’s second-biggest maker of digital cinema projectors, gained 1.9 percent to 33.26 euros, the first increase in five days. Barco said it won a contract to supply 123 projectors to Dallas, Texas-based Starplex Cinemas by the fourth quarter.
To contact the reporter on this story: Martijn van der Starre in Amsterdam at email@example.com