AEX drops from record level | Financial

The AEX is 0.5% lower at 794.9 points at ten for one. The AMX is doing significantly better, rising 0.3% to 1114.3 points.

Most European stock market indicators give up something. The UK’s FTSE 100, Germany’s DAX and France’s CAC 40 are down 0.4%, 0.3% and 0.1% respectively.

The main stock markets in Asia showed a positive picture on balance this morning. Japan’s Nikkei index continued its rise and ended with a 0.9% gain. Investors are happy that Prime Minister Suga is not running for election as leader of the Liberal Democratic Party and hope his successor comes with more stimulus measures.

The index futures point to a flat opening of the US stock market indicators at 3:30 this afternoon. Wall Street was closed on Monday due to labor day.

Director Cees Smit of Today’s Beheer attributes the strong price increases on the European stock exchanges on Monday mainly to the closing of the American stock exchanges. “The mood is often positive when Wall Street is closed. Many US speculators seem to have bought European stocks yesterday.”

Smit thinks the AEX may fall back slightly. Investors are now barely paying attention to reports about high inflation and the start of the tapering (the phasing out of the bond buying program) at the end of this year. In addition, the earnings season for the third quarter could be somewhat disappointing. German carmakers have already indicated that they are becoming more cautious, because they can supply less due to the persistent chip shortages.”

Technical analyst Nico Bakker is more positive. “A nice round number is always a psychological threshold that must be taken to be able to extend the trend. There is no overstrain on the daily chart, the indicators all point to a further advance. So with or without an extra run-up to 795, it seems a matter of time when the 8 is on the screen. Only when the price is below 785 will the 800 be out of sight for the time being and the AEX can first dip to 750 points.”

KPN in demand

Paint producer AkzoNobel with a loss of 1.8% at the bottom. Chip manufacturer ASML, which weighs 20% in the AEX, falls 1.4%.

KPN excels with a profit of 3.6%. Investors are happy that T-Mobile Netherlands is being sold to two investors, causing the Indian Reliance to miss out, which is largely in the hands of the richest Asian.

ASMI wins 2.1%. Although the supplier to the chip sector has tripled in market value in the past twelve months, the French bank Exane BNP Paribas sees reason for an increase in advice to buy.

Tech investor Prosus follows with a plus of 1.5%, thanks to the continued price recovery of its main shareholding, the Chinese Tencent.

Aperam strong

Among the medium-sized funds, aperam with a gain of 5% on top. The steel producer reports during a capital markets day for analysts and professional investors that the future normal for results is closer to 2021 than to the difficult years 2016-2018.

The electrical engineering company specialized in large batteries, switchgear and charging stations Elves rises 2.2%.

Galapagos adds 0.6%. The biotechnology company has been in demand since last week, because the announced departure of CEO Onno van de Stolpe has sparked takeover speculation. This morning, investment bank Kempen organized a roadshow.

Inpost is 0.2% recovering after a few difficult trading days. The operator of parcel lockers will publish its quarterly figures on Wednesday.

Ease2Pay falls 6% on the local market. The parking and fuel app developer published quarterly figures after trading on Monday.

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