Benelux Stocks: Ageas, Fugro, Nyrstar, TomTom Shares Move

The Amsterdam Exchanges Index rose 2.98, or 0.9 percent, to 338.01 as of 10:56 a.m. local time, extending yesterday’s 1.4 percent gain. Belgium’s Bel20 Index advanced 0.7 percent to 2,613.70.

The following are among the most active stocks in the Benelux markets today. Symbols are in parentheses.

Dutch stocks:

Amsterdam Molecular Therapeutics Holding NV (AMT NA) tumbled 5.5 percent to 1.796 euros, extending the decline so far this week to 14 percent. The Dutch developer of treatments for rare genetic disorders said it plans to raise 15 million euros ($21 million) selling stock in a private placement to help fund development of its lead product Glybera.

Fugro NV (FUR NA) advanced 1.1 percent to 49.795 euros, a second straight increase. The world’s largest surveyor of deepwater oil and gas fields said it bought the remaining 30 percent stake it didn’t already own in Canadian unit Fugro Jacques GeoSurveys Inc. for an undisclosed amount.

TomTom NV (TOM2 NA), the maker of personal navigation devices that gets 28 percent of sales from the U.S., soared 3.1 percent to 5.759 euros, the highest level in five months. U.S. holiday retail sales will climb 2.3 percent, for the best season in four years, as customers are lured by promotions purchase apparel and electronics, the National Retail Federation said.

Belgian stocks:

4Energy Invest SA (ENIN BB) fell 5.9 percent to 2.54 euros, on course for a close at the lowest level since the shares started trading in June 2008. The Belgian operator of two co- generation plants said it will abandon a project in the U.K. following the withdrawal of partner Pontrilas Group Ltd. As a result, 4Energy will write down capitalized development costs and goodwill for a combined amount of 1.2 million euros.

Ageas (AGS BB) advanced 2 percent to 2.201 euros, extending yesterday’s 2.5 percent gain. Two investors in mandatory convertible securities issued by the insurer formerly known as Fortis said they want to extend the maturity date for the securities as far as Dec. 7, 2030, instead of the scheduled conversion into Ageas share this Dec. 7.

Nyrstar NV (NYR BB), the world’s biggest zinc producer, rose 1.7 percent to 10.13 euros as zinc and other metals increased on the London Metal Exchange.

ArcelorMittal (MT NA), the biggest steelmaker, gained 1 percent to 24.235 euros.

To contact the reporter on this story: Maud van Gaal in Amsterdam at mvangaal@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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