Market Updates
Europe Movers: ASML, BE Semi, Hays, Harbour Energy, Hunting, UBS
Inga Muller
24 Aug, 2023
Frankfurt
European stocks headed higher after chipmakers rallied and energy stocks traded volatile.
The DAX index increased 0.3% to 15,779.91, the CAC-40 index increased 0.4% to 7,278.76 and the FTSE 100 index edged higher 0.4% to 7,344.88.
European chipmakers rallied after Nvidia reported record quarterly sales.
ASML Holding NV jumped 0.6% to €630.20, Aixtron SE advanced 1.% to €36.50, BE Semiconductor Industries NV jumped 2.5% to €108.60 and ASM International NV increased 1.7% to €465.15.
UBS Group AG jumped 2.5% to CHF 21.86 after the company said its group company Credit Suisse dropped its plan to list its real estate fund citing weak demand from Swiss investors.
Norwegian Air Shuttle ASA dropped 7% to €0.84 after the discount air carrier reported a decline in second quarter profit.
Harbour Energy PLC declined to 231.60 pence after the company narrowed its production forecast narrowed towards the lower end of its estimate
Hunting Plc decreased 9.6% to 230.0 pence after the company said it plans to sell its non-core production and exploration assets in order to further its business restructuring.
Hays Plc increased 0.3% to 103.60 pence and the recruiting company appointed a new chief executive.
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