Benelux Stocks: Aperam, ArcelorMittal, Qurius, SBM Are Active
The Netherlands’ AEX-Index gained 1.26, or 0.3 percent, to 371.11 in Amsterdam, rising for a third day. Belgium’s Bel20 Index increased 0.1 percent to 2,726.95.
The following were among the most active stocks in Benelux markets today. Symbols are in parentheses.
Aperam (APAM NA) added 1.9 percent to 30.05 euros, extending yesterday’s increase. The stainless-steel maker spun off by ArcelorMittal reported fourth-quarter net income of $2 million.
ArcelorMittal (MT NA) rose 2.8 percent to 28.02 euros, the highest price since May. The world’s largest steelmaker forecast a stronger year in 2011 as demand rebounds. The company also reported fourth-quarter earnings before interest, taxes, depreciation and amortization of $1.85 billion, beating the $1.68 billion median estimate of analysts surveyed by Bloomberg.
Qurius NV (QRIUS NA) added 2.3 percent to 31.5 euro cents, the highest price in three weeks. The Dutch computer-services company said it started exclusive discussions with French rival Prodware. Qurius plans to sell 11 million new shares to Prodware.
SBM Offshore NV (SBMO NA) increased 2 percent to 18.74 euros, extending yesterday’s gain. The world’s biggest supplier of floating oil rigs was raised to “overweight” from “equal weight” at Morgan Stanley.
VastNed Offices/Industrial NV (VNOI NA) lost 1.7 percent to 12.75 euros, erasing two days of gains. Nieuwe Steen Investments NV (NISTI NA) said its merger talks with VastNed O/I are in the final phase.
Cie. d’Entreprises CFE SA (CFEB BB) jumped 3.7 percent to 55.75 euros, rising for a third straight day. Dredging Environmental & Marine Engineering NV, the dredging company co- owned by CFE and Ackermans & van Haaren NV, said Dredging International NV and Middle East Dredging Co. won a $260 million contract to create two artificial islands off the coast of Abu Dhabi for oil and gas exploration.
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