AEX keeps pace with enthusiasm for tech | Financial

Just after twelve hours, the AEX was 0.8% in the plus at 571.55 points, the highest level since mid-August. The AMX rose 0.4% to 853.3 points.

The other European stock markets performed less strongly, but amply held on to last week’s good profits. The UK FTSE 100, German DAX and French CAC 40 climbed 0.1%, 0.3% and 0.4% respectively.

Recent positive corporate reports have reinforced investor optimism for the quarterly earnings season. This will officially start on Tuesday with the figures published by major American banks.

Investors also remained confident that Republicans and Democrats will soon reach an agreement on a new bailout package in the US. They were also little concerned about the continued strong advance of the corona virus in many European countries.

Daam-Martijn van Holst, trader at ABN Amro, emphasizes that despite the concerns that hang above the market about whether or not the corona support will continue in view of the American elections and the further tightening of the corona measures, the stock market is very for the time being. He points out that at the start of the earnings season, the focus will mainly be on the tech funds and in particular on ASML, which will announce the results on Wednesday. “It is in any case positive that hardly any profit warnings have been issued. On the other hand, it remains to be seen how sustainable the beautiful rise in the stock markets in recent weeks is given the unpredictability of Trump to win the elections. ”

The Dutch main funds shone KPN with a profit of 7.5% off. Swedish investor EQT is interested in a takeover of the telecom company, according to Bloomberg news agency. In response to this, investment bank KBC increased its advice towards buying. Van Holst is still very cautious about whether a possible takeover deal has a chance of success. “In this way, KPN can create another protective barrier. In addition, there should also be a green light from the government. ”

Insurer Aegon headed 2.2% higher. Adyen (+ 2.2%) peaked to well above € 1700.

Tech investor Prosus climbed 1.7%, helped by a target increase to € 112 by British bank Barclays.

ING dropped fractionally%. The bank wants the salaries of its staff for the next three years.

Shell lagged behind with a minus of 1.3%, partly due to the drop in oil prices. According to Van Holst, whether there will be a cold winter will play a role in the coming direction of oil prices.

Supermarket chain Ahold Delhaize fell 0.7%. UBS raised the target price from € 20 to € 21, which is still well below the current price. The Swiss bank therefore maintained its sales advice.

Unilever thickness 0.2%. The British shareholders of the laundry and food group to vote this afternoon about the planned move to the United Kingdom. Van Holst assumes that it is almost certainly a ‘done deal’ that the British shareholder also give the green light.

The front runner was among the medium-sized funds Arcadis 8.8% up to € 20.34, after a price target increase to € 26 by ING on repeated buy advice. The bank points out that the engineering firm is profiting fully from the demand for sustainable solutions and is in good financial position.

Aalberts also did good business with a progress of 4.7%.

Maritime service provider Boskalis won 1.7%, in response to winning orders in Germany worth € 45 million.

Basic-Fit fell 6.4%. Investors’ fears that the cabinet will announce on Tuesday evening that the fitness chain will have to close its doors temporarily to contain the second corona wave played a major role in the price, says Van Holst. Basic-Fit was still on the rise last Friday.

The beverage maker included in the AScX index Lucas Bols won 0,5%, following the purchase of the US distribution rights to the Italian liqueur Pallini Limoncello.

TomTom (+ 2.5%) had a tailwind in the run-up to the quarterly results that the navigation maker presents on Wednesday.

Technology company CM.com grew 2.5% in the local market following the announcement of the acquisition of e-commerce customer service provider RobinHQ.com.

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