AEX gets 800 points in sight thanks to record series | Financial

The AEX index closed 0.4% higher at 775.12 points. The stock market indicator sharpened the record in the afternoon at a position of 777.26 points and began to reach the magical limit of 800 points. The AMX rose 0.1% to 1075.74 points. The price boards in London (+0.5%), Paris (+0.2%) and Frankfurt (+0.2%) also turned green.

“There is still a lot of optimism in the trade,” says trader Daam-Martijn van Holst of ABN Amro Oddo. “But the turnover in traded shares has fallen below average. Stock exchanges do receive support from the oil market, which has picked up.” After falling 2.5% in Brent oil on concerns about a loss of demand due to new corona lockdowns, the commodity is trading 0.9% higher on Tuesday at $69.90 a barrel.

“The AEX continues the almost continuous upward trend that we have seen since October last year,” said Rabobank analysts. After dropping to nearly 700 points, “just three months later, we seem to be getting ready for the magic 800 point.”

Wall Street

Wall Street is this afternoon with modest profits has started. In Asia won de nikkei today 0.2%, the Hangseng index plus 0.5%.

Prosus in the lead, KPN at the bottom

Tech investor was listed in the AEX Prosus, with a sizeable stake in the Chinese Tencent, topped the list with 4.6% price gain. Tencent shares rose more than 5% today after the fund was recently under heavy pressure from the Chinese government, which wants to limit the power of tech giants.

Steel manufacturer ArcelorMittal traded 3.1% higher. Meal order group Just Eat Takeaway won 1.3%. There are rumors of takeovers in his market. Competitor Deliveroo rose to all-time highs after its German rival Delivery Hero took a 5% stake, fueling speculation about a takeover.

Telecom company KPN however, was bottom with 2.3% price loss, reacting to sector news. Indian billionaire Mukesh Ambani wants to make an offer with his conglomerate Reliance for T-Mobile Netherlands, according to Bloomberg news agency.

Corbion limited loss

Charging station manufacturer . went to the medium-sized funds Elves (+3.5%) in the lead. More at the bottom was special chemical company Corbion which made up for much of the morning’s 10% loss (-1.4%). It reported record first half sales growth for all three of its businesses. CEO Rigaud warned of the increasing costs for transport, raw materials and packaging material. Due to the higher costs, the profit margin this year is lower than previously expected, he says.

PostNL lost 1.9%. The postal and parcel deliverer already lost 3% on Monday after the publication of half-year figures.

Monday evening has automater ICT Group got certainty about the take over by a consortium led by investor NPM Capital and Teslin, following an increase from the original offer at €14.90 per share, €144.5 million in total.

The locally listed Hunter Douglas reports strong growth in its half-year figures. The share of the window protector went up 2.4%.

Fastned shot up 5.4%. The fast charging company reports a loss of almost €16 million in the first half of the year on a strong turnover growth. The growth was made possible thanks to the relaxation of the corona measures. In the first half, turnover increased by 63% to €4.4 million.

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