AEX limited with support DSM damage; KPN colors less red | Financial

The AEX is 0.2% lower at 682.4 points around a quarter to three. The AMX drops 0.6% to 1002 points.

The other European stock exchanges also color less red. Frankfurt and Paris are making small losses.

Western countries’ sanctions against China over the oppression of the Uyghur Muslim minority caused some restraint. China immediately hit back by imposing punitive measures on European politicians, including Member of Parliament Sjoerd Sjoerdsma.

In Germany, the lockdown has been extended to April 18. In Austria, the government has decided to postpone the reopening of cafes, restaurants and bars. In the Netherlands, the caretaker cabinet is not expected to announce any new easing tonight. The curfew will probably start an hour later.

“Tech brake on AEX”

Cees Smit, trader at Today’s, emphasizes that investors are slowing down a bit, partly because of the downer about the extension of the corona restrictions in the large EU countries Germany and France. He also points out that US President Biden has set the tone with the harsh language towards China, while previously expected more rapprochement in the relationship between the two economic superpowers.

Smit keeps a close eye on a further advance in Amsterdam. “The sky-high valuations among tech funds that are even more strongly represented with the promotion of Besi, can put a brake on the AEX, especially if the economy opens again and the focus of investors shifts to equities, such as Air France KLM.”

With the Dutch main funds KPN 2.9% backwards, after slipping even 10.6% when opened. The telecom company goes with pension fund ABP one joint venture for the construction of nearly a million fiber optic connections. Analyst Corné van Zeijl (Actiam) attributes this to the disappearance of takeover fantasy. “I thought the initial race reaction was exaggerated. KPN’s share price had not risen that much after the Swedish EQT showed interest. ”

Iron yields 1.8%. On Monday, the supplier to the chip sector still excelled on its first day as an AEX fund.

Bottom of the league Shell has to give up 3.2%, under the influence of the further fall in oil prices.

Retail real estate investor Unibail-Rodamco-Westfield drops 3% in response to the extension of lockdowns in Europe.

Philips plus 0.8%. The medical technology company will soon decide on the sale or an IPO of its home appliances division. Smit thinks there is a good chance that Philips will directly dispose of the branch, including vacuum cleaners, to another party in order to free up its hands even more for healthcare technology. Nutrition also keeps feet dry. Unilever in Heineken rates 0.6% and 0.5% higher.

DSM takes the lead. The fine chemicals concern will receive 1.8% extra. Adyen is good for a 1.5% higher price.

The supplier of rare metals is among the medium-sized funds AMG with a loss of 3.9% at the bottom. Air France KLM is also in the rear with a price drop of 1.1%.

Secondment Brunel can count on strong buyer interest with a progress of 3.1%, after a price target increase to € 14.25 by ING.

In Porceleyne Fles is still not traded on the local market. Due to the corona crisis, the maker of Delft blue porcelain made a loss last year with almost halved turnover.

Will the stock markets rise further in the coming months? And what are interesting stocks? Two stock market experts will give their vision during a DFT seminar on Thursday evening. Report you here.

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