Ticker	Volume	Price	Price Delta
DJIA	15,303.10	+8.60	0.06%
S&P 500	1,649.60	-0.91	-0.06%
Nasdaq	3,459.14	-0.27	-0.01%

Ticker

Volume

Price

Price Delta

DJIA

15,303.10

+8.60

0.06%

S&P 500

1,649.60

-0.91

-0.06%

Nasdaq

3,459.14

-0.27

-0.01%

Ticker	Volume	Price	Price Delta
STOXX 50	2,764.29	-12.49	-0.45%
FTSE 100	6,654.34	-42.45	-0.63%
DAX	8,305.32	-46.66	-0.56%

Ticker

Volume

Price

Price Delta

STOXX 50

2,764.29

-12.49

-0.45%

FTSE 100

6,654.34

-42.45

-0.63%

DAX

8,305.32

-46.66

-0.56%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

Vopak Drops Most in a Month on UBS Sell Rating: Amsterdam Mover

By Fred Pals - 2013-01-11T09:31:08Z

Royal Vopak NV (VPK), the world’s biggest chemical and oil storage company, dropped the most in a month in Amsterdam as UBS AG (UBSN) initiated coverage with a “sell” rating.

Vopak dropped as much as 3.5 percent to 49.24 euros, the biggest drop since Dec. 10. It was at 49.285 euros by 10:18 a.m. local time, valuing Vopak at 6.3 billion euros ($8.4 billion).

“Tank storage is fundamentally an attractive business, given its infrastructure characteristics and relative insensitivity to volume,” Dominic Edridge, a London-based analyst at UBS, said today in a note. “This success may now be a problem, as investment in the sector has grown substantially, which may mean lower returns.”

The storage company, based in Rotterdam, operates 84 terminals in 31 countries with a combined capacity of more than 29 million cubic meters.

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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