Benelux Markets: Ahold, ASML, Batenburg, Corio, ICT, Keyware

The Amsterdam Exchange Index lost 1.69, or 0.5 percent, to 344.58 at 5:30 p.m. local closing time, trimming this week’s advance to 0.4 percent. Belgium’s Bel20 Index dropped 0.2 percent to 2,665.01.

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

Dutch stocks:

ASML Holding NV (ASML NA) advanced 2.8 percent to 24.79 euros, rising for a third day. Europe’s biggest semiconductor equipment maker expects capital expenditure to rise next year as companies order new equipment to lower costs, Chief Financial Officer Peter Wennink said at a conference in Barcelona, Spain.

Batenburg Beheer NV (BATEN NA) surged 3.1 percent to 20.26 euros, the biggest gain in two months. The Dutch provider of technical equipment and services said nine-month sales rose 2 percent and forecast full-year profit of at least 3.8 million euros ($5.2 million).

Corio NV (CORA NA) fell 0.8 percent to 46.88 euros, the lowest price since Sept. 2. The largest Dutch property developer had its rating cut to “underweight” from “overweight” at Morgan Stanley.

ICT Automatisering NV (ICT NA) added 3.3 percent to 4.75 euros, the highest close this year. The software maker with operations in the Netherlands, Germany and Poland said third- quarter sales were about 23 million euros.

Royal Ahold NV (AH NA) dropped 2 percent to 9.37 euros, the lowest level since March. The Dutch owner of U.S. Stop & Shop supermarkets was cut to “hold” from “buy” by John David Roeg and Jan Meijer, Amsterdam-based ING Groep NV analysts. The third-quarter results didn’t bring the expected improvement in sales momentum in the U.S., they wrote in a note to investors.

Belgian stocks:

Keyware Technologies NV (KEYW BB) declined 4.6 percent to 1.66 euros, the most in almost two months. The Belgian supplier of electronic-payment terminals reported a third-quarter profit of 80,000 euros and said it’s still in “non-binding” talks with potential buyers and partners.

Van de Velde NV (VAN BB) gained 1.6 percent to 39.35 euros, rising for a third day. Belgium’s largest maker of luxury lingerie expects revenue growth for this year of about 5.6 percent excluding Intimacy stores. Profit growth for 2010 is healthy and Van de Velde targets earnings before interest, taxes, depreciation and amortization in excess of 49 million euros, also excluding Intimacy stores.

To contact the reporter on this story: Fred Pals in Amsterdam at fpals@bloomberg.net.

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net.

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