Amsterdam shares almost flat at midday; Philips down after Q4 earnings |
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Mon, 22 Jan 2007 12:21
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AMSTERDAM (AFX) - Shares in Amsterdam were almost unchanged from last Friday, with Philips down after reporting lower-than-expected underlying earnings, dealers said.At 11.50 pm, the AEX was up 0.06 pct or 0.31 points at 507.44, after opening at 508.40.Government bonds traded flat to higher, while the euro stood at 1.2947 usd versus 1.2956 usd.Philips shed 0.71 pct to 29.17 eur after reporting lower-than-expected underlying figures for the fourth quarter, while net profit doubled mainly due to lower taxes and one-offs.The stock came back from earlier highs reached after Philips announced a sharply higher dividend.Akzo Nobel rose 0.96 pct to 49.25 eur after Goldman Sachs added the stock to its 'Conviction Buy' list. Heineken put on 0.51 pct to 39.28 eur after also being added to the list, while Goldman Sachs also upgraded the stock to 'buy' from 'neutral'.Rodamco Europe rose 2.20 pct to 106.80 eur, while SBM Offshore added 1.57 pct to 25.25 eur and Royal Dutch Shell added 0.79 pct to 26.63 eur.On the downside, ABN Amro lost 0.40 pct to 24.71 eur after a downgrade to are duce' from 'buy' at Dresdner Kleinwort.Numico dropped 0.41 pct to 39.05 eur, ASML shed 0.56 pct to 19.38 eur and TomTom lost 0.31 pct to 31.75 eur.Among midcap shares, Hunter Douglas rose 2.33 pct to 68.05 eur, Corio added 2.18 pct to 65.55 and Fugro put on 1.23 pct to 36.27 eur.CSM shed 0.47 pct to 27.46 eur after announcing a takeover in the US, while investors shrugged off news that BAM sold a shopping centre in the UK for 123 mln eur. BAM dropped 0.74 pct to 16.02 eur.kaj.leers@thomson.comkel/harCOPYRIGHTCopyright 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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Amsterdam shares AFX at a glance outlook 