Belgium's Keyware shoots up 40 percent after Reuters interview

Shares in Keyware shot up by as much as 40 percent to a 12-month high after an exclusive Reuters report on Sept 2 that the Belgian credit card terminal company was in buyout talks. Chief Executive Stephane Vandervelde revealed during an interview that the company had received a number of approaches after it posted its first-ever profit the previous week. The shares jumped 9 percent within five minutes of the Reuters report being filed, and ended the day 38 percent higher. They had barely traded until the Reuters report appeared. Overall trading volume for the day was some 60 times the 30-day average. The report received wide play in Belgian media, appearing, for example, on the front pages of business dailies De Tijd and L`Echo.