Shares of shipping giant AP Moller-Maersk surged more than 10% following the company's stronger-than-expected fourth-quarter earnings report.
The Danish firm reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of $3.6 billion for the quarter, surpassing analysts' expectations of $3 billion. Full-year EBITDA rose 26% to $12.13 billion.
After hitting their intraday high, Maersk's shares were up 9.13% at 11:03 am CET to sell at 11,862.