Benelux Stocks: AB InBev, Ageas, ING, Imtech, TKH Are Active

Updated on

The Netherlands’ AEX-Index was little changed at 366.25 at the 5:35 p.m. close in Amsterdam. Belgium’s Bel20 Index dropped 0.3 percent to 2,675.65.

The following were among the most active stocks in Benelux markets today. Symbols are in parentheses.

Dutch stocks:

Imtech NV (IM NA) rose 1.5 percent to 25.385 euros, the first gain this month. The largest Dutch technical services company was rated “overweight” in new coverage at HSBC Holdings Plc.

ING Group NV (INGA NA) added 2.8 percent to 9.088 euros, ending two days of losses. The biggest Dutch financial services company started an auction for its U.S. online banking unit and may obtain as much $10 billion for the business, the New York Post reported, citing unidentified people.

Randstad Holding NV (RAND NA) lost 1.5 percent to 39.360 euros, falling for the third day in a row. The world’s second-largest staffing company was cut to “underweight” at Morgan Stanley.

TKH Group NV (TWEKA NA) gained for a fifth day, increasing

3.6 percent to 18.90 euros. The Dutch maker of cables and tire-producing machines reported full-year net income of 40.9 million euros ($56.8 million), beating analysts’ estimates.

Belgian stocks:

Ageas NV (AGS BB) lost 3.2 percent to 2.12 euros, the lowest since Jan. 31. The insurer formerly known as Fortis reported second-half earnings that missed analysts’ estimates because of a surge in weather-related claims in the U.K. and an addition to reserves in Hong Kong. Profit from insurance operations fell 14 percent to 210.8 million euros.

Anheuser-Busch InBev NV (ABI BB) added 0.9 percent to

41.425 euros, gaining for a second day. The brewer of Bud Light and Stella Artois had the rating on its senior unsecured debt raised to Baa1 from Baa2 at Moody’s Investors Service. The outlook on the rating is stable, Moody’s said.

Vision IT Group SA (VIT BB) gained 0.9 percent to 6.56 euros, erasing two days of losses. The consulting company said full-year sales rose 31 percent to 106.4 million euros and reiterated its forecast for revenue of more than 120 million euros this year.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE