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BUZZ-Electrocomponents: hits 16-year high on strong trading update

** Semiconductor co Electrocomponents (LSE: ECM.L - news) rises 3 pct to a 16-year high after a solid trading update

** Sees H1 revenues growth of 13 pct, traders say slightly ahead of consensus

** Jefferies ("hold") says trading update positive, likely to see low/mid-single digit pct upgrades to FY18 EPS consensus

** Liberum ("buy") says this revenue growth combined with improvements in gross and operating margins supports an upgrade of 6 pct to FY18 PBT estimates

** Most traded on Stoxx 600 by average volumes (75 pct 30-day ave in first hour)