Thursday, November 20, 2008

Ahold white to deep red raven Damrak

On a deep red colored stock exchange in Amsterdam was supermarket group Ahold Thursday the white raven. The company had fair results presented in the third quarter and knew that the dance of falling rates to rise. The AEX index on the Damrak reached a new low for the year and noted at the lowest level since spring 2003. After the stock exchanges in New York and Asia by concerns about the economy were already significantly decreased, European investors also opted for the road down. Shortly before noon, the Amsterdam's main gauge in the minus 3.4 percent at 229.97 points. The Midkap index for mid was 4.3 percent lower at 304.56 points. The major European stock exchanges in London, Frankfurt and Paris fell 2-3 percent. Expectations exceeded Ahold has been with the earnings surpassed analysts' expectations. This was reason for investors to steps, the rate went up by 6.6 percent. Super de Boer, a competitor of Ahold, followed in the wake of a 2.7 per cent higher rate. The biggest loser in the AEX was steel group Arcelor Mittal with a minus of 10.2 percent. The commodity-related companies suffered further declines in commodity prices. A barrel of U.S. crude oil of 159 liters was 3 percent cheaper and cost 52 dollars. Lose The prices of oil group Shell and SBM Offshore platform builder fell by 2.3 and 2.4 percent respectively. Soil Researcher Fugro had fair trade message in a mid informed that the demand for its services remains high. Fugro's share price level. Insurer Aegon and ING bancassurer included in rates of 7 and 10 percent with the biggest losers. It was reported that Citigroup's share, by concerns about the survival of the American bank, during trading on Wall Street have diminished by 23 percent. Small funds In the small funds was TKH Group, the former Twentsche Cable, the largest Daler with a minus of 9.4 percent. The company had reported before trading may not be immune to the weakening economy and expect that this will see the effects. The euro stood at 1.2515 dollars, against 1.2595 dollars at the end of European trading on Wednesday.

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