Benelux Stocks: AB InBev, ASML, Fornix, KPN, Philips, Qurius
The AEX-Index was little changed at 361.04 at 9:46 a.m. local time in Amsterdam. Belgium’s Bel20 Index rose 0.03 percent to 2,663.20, a third day of gains.
The following are among the most active stocks in the Benelux markets today. Symbols are in parentheses.
ASML Holding NV (ASML NA), Europe’s biggest maker of semiconductor equipment, gained 2.8 percent to 29.305 euros. ASM International NV (ASM NA), the second-biggest, rose 0.8 percent to 26.53 euros. Texas Instruments Inc., the largest analog chipmaker, said fourth-quarter profit increased 44 percent.
Fornix BioSciences NV (FORBI NA) tumbled 3.8 percent to 2.55 euros, falling for a second day. The Dutch maker of medical aids said full-year earnings before interest and taxes fell 49 percent to 7.1 million euros ($9.7 million), mainly as a result of the sale of its allergy division.
Royal KPN NV (KPN NA) gained 1.3 percent to 11.75 euros. The largest Dutch phone company may be able to survive on its own for about another five years, Sanford C. Bernstein & Co. said in a note today. A merger with Telefonica SA could offer “upside,” Bernstein said.
Royal Philips Electronics NV (PHIA NA) declined 1 percent to 22.99 euros, extending yesterday’s 5.5 percent plunge. The world’s biggest lighting company was cut to “neutral” from “overweight” at HSBC Holdings Plc after publishing fourth- quarter results that missed analysts’ estimates yesterday.
Qurius NV (QRIUS NA) rose 3.3 percent to 31.7 cents, extending yesterday’s 2 percent gain. The Dutch computer- services company won an order from DS Smith Recycling. It concerns a “multimillion euro investment,” the company said in a regulatory statement.
Anheuser-Busch InBev NV (ABI BB) added 1.1 percent to 41.80 euros, a second day of gains. The maker of Budweiser and Stella Artois sold $1.65 billion of debt in its first dollar- denominated offer in 10 months. The company is reducing bank borrowings as a percentage of total debt, Chief Financial Officer Felipe Dutra said in a Nov. 3 earnings call. Proceeds from today’s sale will be used for general corporate purposes, the Leuven, the Belgium-based company said yesterday in a regulatory filing.
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