Amsterdam shares close higher tracking Wall St; Aegon soars - UPDATE |
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Published
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Tue, 09 Jan 2007 18:27
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(Updating with full report)AMSTERDAM - Shares in Amsterdam closed broadly higher, spurred on by a higher Wall Street, while Aegon soared after an upgrade at Merrill Lynch, dealers said.The AEX closed 3.06 points or 0.62 pct higher at 495.87 after trading in a range of 494.05-497.97.Government bonds traded broadly lower while the euro stood at 1.3003 usd versus 1.3015 usd late yesterday.Aegon rose 5.26 pct to 15.20 eur following an upgrade to 'buy' from 'neutral' at Merrill Lynch.Fortis also rose, adding 0.28 pct to 32.59 eur. ING added 0.84 pct to 33.77 eur after announcing the acquisition of Dutch pension service AZL for 65 mln eur.Philips put on 1.79 pct to 28.51 eur after Heineken settled its beer tender patent infringement case with Philips and InBev, and after Philips won a patent infringement case against Epistar.Ahold edged up 0.38 pct to 7.93 eur after announcing the sale of 10 supermarkets in the Netherlands for an undisclosed price.Rodamco Europe added 1.27 pct to 99.75 eur and Wolters Kluwer added 1.71 pct to 22.56 eur.SBM Offshore closed 1.62 pct lower to 24.83 eur amid profit taking and lower oil prices after earlier rising on news that it was awarded new contracts and contract extensions worth more than 500 mln usd.Royal Dutch Shell declined 0.39 pct to 25.51 eur.Vedior lost 1.43 pct to 15.87 eur, TomTom dropped 1.44 pct to 34.15 eur, and Numico shed 0.57 pct to 39.99 eur.Among midcap shares, Aalberts added 1.75 to 69.95 eur after a price target hike to 73 eur from 66 eur at Kempen.Hunter Douglas shed 2.12 pct to 59.95 eur and Randstad dropped 2.06 pct to 52.20 eur.On local markets, Arcadis dropped 2.92 pct to 47.60 eur after a downgrade to 'sell' from 'hold' at Kempen.kaj.leers@thomson.comkel/vbCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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