March 16 (Bloomberg) -- The Netherlands’ AEX-Index declined for a sixth day in Amsterdam, dropping 4.89, or 1.4 percent, to 343.2 at the 5:30 p.m. close in Amsterdam. Belgium’s Bel20 Index slipped 1.7 percent to 2,522.96.
The following were among the most active stocks in Benelux markets today. Symbols are in parentheses.
AMG Advanced Metallurgical Group NV (AMG NA) surged 4.9 percent to 13.16 euros, the biggest jump since Feb. 8. The maker of vacuum furnaces and specialty alloys based on aluminum and titanium reported full-year net income of $2.4 million. The average estimate was for a loss of $7.01 million in a Bloomberg survey of five analysts.
Ctac NV (CTAC NA) lost 4.2 percent to 2.03 euros, after two days of gains. The Dutch reseller of SAP AG’s business software reported full-year sales of 71.4 million euros ($99.4 million).
Royal Brill NV (BRILL NA) increased 3.1 percent to 13.51 euros, the largest gain in almost five months. The Dutch publisher of reference books said net income rose 29 percent to 2.76 million euros in 2010.
Ion Beam Applications SA (IBAB BB) fell 3.1 percent to 8.10 euros, retreating for a fourth day. Europe’s largest maker of proton-therapy equipment forecast that its net income in 2011 will drop from 6.23 million euros. Ion Beam also predicted that its pharmaceuticals division will fail to break even before 2015 as spending will exceed 100 million euros over five years.
KBC Groep NV (KBC BB) retreated 2.7 percent to 26.87 euros, extending yesterday’s plunge. Belgium’s biggest bank and insurer by market value said preparations for its planned initial public offering of a minority stake in its Czech unit CSOB AS are “on track.”
Newspaper Lidove Noviny earlier reported that KBC had stopped the share sale.
Separately, banks were the worst performing industry group in the Stoxx Europe 600 Index today after Moody’s Investors Service downgraded Portugal’s debt rating.
ING Groep NV, the biggest Dutch financial-services company, slid 2.4 percent to 8.39 euros, the lowest price since Jan. 31.
To contact the reporter on this story: Martijn van der Starre in Amsterdam at firstname.lastname@example.org
To contact the editor responsible for this story: Andrew Rummer at email@example.com