Benelux Stocks: Royal Ahold, Delhaize, Lotus Bakeries Move
Stock Chart for Koninklijke Ahold NV (AH)
The AEX-Index retreated 1.82, or 0.5 percent, to 356.14 at the 5:30 p.m. close in Amsterdam, extending yesterday’s 1.6 percent decline. Belgium’s Bel20 Index fell 0.6 percent to 2,626.24.
The following are among the most active stocks in the Benelux markets today. Symbols are in parentheses.
Royal Ahold NV (AH NA) slipped 1.3 percent to 9.61 euros, ending a five-day rally. The owner of Stop & Shop supermarkets in the U.S. said fourth-quarter sales rose to 6.98 billion euros ($9.38 billion) from 6.8 billion euros a year earlier.
“The environment remained challenging and customers continued to focus on value, driving intense promotional activity, particularly in the United States,” Ahold said.
Delhaize Group SA (DELB BB), the owner of the Food Lion and Hannaford supermarkets in the U.S., fell 2.6 percent to 56.05 euros, ending three days of gains. Delhaize is scheduled to give a trading update tomorrow before the market opens.
Lotus Bakeries NV (LOTB BB) fell 1 percent to 396 euros, reversing two days of gains. A Ghent court rendered Lotus’s patent on crunchy caramelized biscuit spread void. The verdict will have “almost no impact” on the market position of its product in its Belgian home market, the Belgian maker of caramelized biscuits and Peijnenburg gingerbread said.
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