The three most active funds and stocks in pre-market trading on the NYSE were Nexen
(NYSE:NXY), SPDR S&P 500 ETF
(NYSEARCA:SPY), and ING Groep
(NYSE:ING) as of 9:10 a.m.
5.15 million shares of Nexen, which was down $1.82, or 7.17%.
Over the weekend, the Canadian government rejected
a $5.2 billion buyout offer by a Malaysian state company for Process Energy Resources. Investors believe the Canadian government may also block a $15.1 billion offer for Nexen made by a Chinese-state owned firm.
Investors exchanged 1.45 million shares of
SPDR S&P 500 ETF, which was down $0.20, or 0.14%
. (Also see: Pre-Market Primer: Stocks Bounce Back Ahead of Busy Earnings Week, Spaniards Back Rajoy's Party
Investors also traded
1.07 million shares of ING Groep, which was up $0.25, or 2.79%
. ING plans
to divest insurance divisions in Macau, Hong Kong, and Thailand to Pacific Century Group for $2.14 billion. ING should receive a net gain of 1 billion euros from the deal.
No positions in stocks mentioned.