Nov. 22 (Bloomberg) -- The Amsterdam Exchange Index declined 2.16, or 0.6 percent, to 342.42 at the 5:30 p.m. close, extending a 0.5 percent loss on Nov. 19. Belgium’s Bel20 Index lost 0.8 percent to 2,643.35.
The following are among the most active stocks in Benelux markets today. Symbols are in parentheses.
ArcelorMittal (MT NA) dropped 2 percent from 24.40 euros, a second day of declines. The world’s biggest steelmaker was cut to “neutral” from “buy” at UBS AG.
Royal Boskalis Westminster NV (BOKA NA) rose 2.5 percent to 33.69 euros, extending last week’s 8.6 percent jump. ING Groep NV analyst Tijs Hollestelle raised the share price estimate for the world’s biggest dredger to 43 euro apiece, from 38 euros.
Delta Lloyd NV (DL NA) slid 3 percent to 14.63 euros, the first loss in four days. Aviva Plc’s publicly traded Dutch insurance unit expects dividend growth to be at least 3 percent in 2011 and 2012. That missed the average analyst estimate for 8.6 percent dividend growth in 2011 and a 5.3 percent rise in 2012.
Draka Holding NV (DRAK NA) soared 27 percent to 19.60 euros, a record jump. The Dutch cable maker received a 1 billion-euro ($1.37 billion) takeover offer from China’s Tianjin Xinmao S&T Investment Corp., hours after agreeing to be taken over by Prysmian SpA for 840 million euros.
ING Groep NV (INGA NA), the biggest Dutch bank and insurer, fell 2.1 percent to 7.77 euros, a second day of declines. Banking stocks in Europe fell as Ireland’s request for a bailout failed to convince investors that the region’s sovereign-debt crisis can be contained.
KBC Groep NV (KBC BB), Belgium’s biggest by market value, retreated 2.2 percent to 29.56 euros.
Roularta Media Group NV (ROU BB) rose 3.2 percent to 25.79 euros, advancing for a second day. Belgium’s biggest magazine publisher said third-quarter revenue advanced 4.6 percent to 140.9 million euros as sales in its print division rose for the first time in almost two years.
To contact the reporter on this story: Jurjen van de Pol in Amsterdam at email@example.com.
To contact the editor responsible for this story: John Fraher at firstname.lastname@example.org.