Benelux Stocks: ING, Fluxys, SBM Offshore, Shell, TNT Are Active
The Netherlands’ AEX-Index (AEX) gained 6.06, or 1.8 percent, to 349.26 in Amsterdam, advancing the most in more than six weeks. Belgium’s Bel20 Index rose 1.4 percent to 2,557.71.
The following were among the most active stocks in Benelux markets today. Symbols are in parentheses.
ING Groep NV (INGA) gained 2.7 percent to 8.61 euros. The biggest Dutch financial-services company reiterated in its annual report that in 2011 it will focus on preparing its insurance operations for two initial public offerings.
Royal Dutch Shell Plc (RDSA) , Europe’s biggest oil company, rallied 2.4 percent to 24.57 euros, rebounding from an eight-day slide. SBM Offshore NV (SBMO) , the largest supplier of floating oil and gas rigs, advanced 2.6 percent to 18.31 euros.
Oil rose for a second day, topping $100 a barrel in New York, as concerns that political unrest may cut Middle Eastern exports countered estimates that the earthquake in Japan will curtail fuel demand.
Qurius NV (QRIUS) lost 6.1 percent to 26.3 cents, the lowest in almost six months. The Dutch computer-services company had a full-year net loss of 7.96 million euros ($11 million).
TNT NV (TNT) rose 2.4 percent to 17.90 euros, the largest increase in more than five weeks. The Dutch mail carrier that’s planning to spin off its express delivery business said it got 1.14 billion euros of credit lines.
Fluxys (FLUX) SA jumped 5.6 percent to 2,440 euros, its largest gain in almost two years. The manager of Belgium’s natural-gas grid will pay a final dividend of 220 euros a share after full-year net income more than doubled to 247.4 million euros because of gains from selling units.
Jensen-Group NV (JEN) declined 2.4 percent to 10.30 euros, paring yesterday’s gain. The maker of heavy-duty laundry systems said the value of its order backlog on Dec. 31 decreased by 11 percent from a year earlier.
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