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AEX above 800 points for the first time in history

Shortly before 10.30 am, the Amsterdam stock exchange index AEX rose above 800 points for the first time in its 37-year existence. After about 10 minutes, the index dropped below the symbolic limit again.

Like several international stock exchanges breaks the Amsterdam stock market index record after record in recent months. Just after the corona outbreak, in March of last year, the AEX fell to 431 points. More than five months ago, the AEX index broke the then record of 703.2 that was set in 2000 around the internet bubble.

Share prices have skyrocketed in recent years, helped in part by low interest rates and central bank support operations. Since the corona crisis, they have pumped hundreds of billions extra into the economy to ensure that enough money remains in circulation. Investors are looking for places where their money can become more valuable and due to the low interest rates they end up at stock exchanges.

Techbedrijven

The AEX is rising faster this year than other European equity funds. This is due to a number of technology companies in the index that weigh heavily. For example, chip machine manufacturer ASML rose almost 80 percent in value, payment processor Adyen rose 45 percent.

There are also companies within the AEX that have actually decreased in value, such as Philips, Justeat-Takeaway and Unilever.

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