AMSTERDAM (AFX) - Shares in Amsterdam turned lower late afternoon, pulled down by a negative Wall Street, dealers said.
At 4.11 pm, the AEX was down 0.28 pct or 1.41 point at 505.71, after opening at 508.40.
Government bonds traded higher, while the euro stood at 1.2938 usd versus 1.2956 usd late Friday.
Philips provided the main news of the day, shedding 0.44 pct to 29.25 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.
Aegon led decliners on the AEX, falling 1.36 pct to 15.27. ABN Amro followed suit, losing 1.09 pct to 24.53 eur following a Dresdner Kleinwort downgrade to 'reduce' from 'buy'.
Wolters Kluwer led AEX gainers, rising 2.15 pct to 23.81.
Royal Dutch Shell traded 0.26 pct higher to 26.49. kaj.leers@thomson.com cmm/ic COPYRIGHT Copyright 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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