AEX on its way to a radiant end with banks leading the way | Financial

The AEX index is around a quarter to four 1.5% higher at 674.4 points, the highest level since September 2000. The AMX rises 0.8% to 1010.2 points.

The other European stock market indicators lag behind the sprinting AEX. The UK FTSE 100 is up 0.1%. The German DAX and French CAC 40 are down 0.5% and 0.1% respectively.

Tech party

According to Joop van de Groep, asset manager at Fintessa, companies in the chip sector are facing the wind from both sides. “On the one hand there is a lot of demand from the mobile telephony sector that is getting ready for 5G and on the other hand the automotive sector, which needs a lot of chips to make electric cars.”

Van de Groep sees few bears on the road as yet. “The undercurrent on the stock market is still positive with persistently low interest rates, which means that, among other things, the mountain of debt in peripheral EU countries gives little cause for concern. In addition, the stimulation of central banks and government will continue as usual. Investors should keep an eye on inflation expectations. Increasing interest rates can disrupt the fair party. ”

Corné van Zeijl, analyst at Actiam, emphasizes that the AEX, fueled by the continued prosperous state of affairs at tech funds, continues to keep pace. “Especially ASML with a weighting of 19% makes an important contribution to the rise of the index, but also funds such as Prosus and Adyen continue to rise despite the very high valuations. The big difference with the tech boom in 2000 is that profits are now being made as a result of the corona crisis. We just have to wait and see what will happen with the reweighting of the AEX at the beginning of March, with the weighting of ASML going back to 15%. ”

The earnings season will be continued next week. “In the US in particular, things are going well with a net improvement in profitability over the fourth quarter compared to last year for S & P500 funds that have released figures so far. In Europe there is a decline in profit of 11% ”, says Van Zeijl.

10-year Treasury yields in Italy plunged to 0.4%, the lowest level ever after former ECB chairman Mario Draghi was given the green light to form a new government in the Southern European country.

ING luminary

With the Dutch main funds ING with a plus of 6.4% firmly in the lead. The couch reported a halving of the annual profit, while analysts foresaw a stronger decline. The bank will also pay a dividend of € 0.12 per share. According to Van Zeijl, the reduced increase in the straw pot for bad loans was a big windfall. In addition, ING was positive about the current year. Industry colleague ABN will receive 3.3% in the slipstream of ING. Van de Groep emphasizes that it is a good thing that there are few concerns about banks despite the low interest rates.

Unibail-Rodamco-Westfield is also doing good business. The price of the property fund rises 3.2%.

Shell is heading 1% higher. Van Zeijl indicates that the cautious shift in the course of the oil and gas concern came as no surprise given the uncertain earnings of green energy, although he points out that the extraction of fossil fuels also involves increasingly higher costs.

The suppliers to the chip sector ASMI in ASML continue to improve their records, this time with pluses of 2.3% and 2.1%. Telecom concern KPN plus 3.6%.

Steel giant ArcelorMittal falls 1.5%, after having already lost firmly on its quarterly figures on Thursday. Galapagos must donate another 1.6%.

Flow Traders high flyer

With the medium-sized funds Flow Traders with a price jump of almost 11% firmly at the top. The stock market intermediary published a surprisingly strong profit in the fourth quarter and will pay a final dividend of € 2.50 per share.

The supplier to the chip sector Iron follows at a distance with a progress of 3.3%.

Basic-Fit wins 0.6%. The fitness chain raised € 150 million to weather the crisis.

Financial service provider Intertrust falls 3.2% on its quarterly figures, possibly out of disappointment about the cancellation of the dividend. The figures were in line with the expectations of investment bank Degroof Petercam, which is sticking to its buying advice.

Smallcap Heijmans drops 3%. Investors are not impressed with the annual figures and the dividendvoorstel from the construction company.

Real estate fund Wereldhave climbs 1% after his rating publication.

Secondment Brunel sprints forward 7.5% after the publication of the annual figures. ING is particularly enthusiastic about the issued forecast for the first quarter and the proposed dividend of € 0.30.

ESG Core Investment on the local market is 3.5% above its introductory price of € 10. This investment fund looks for a sustainable investment for its shareholders.

Biotech company Kiadis increases 0.8% to € 5.40. As announced at the end of last year, the French pharmaceutical company Sanofi made a takeover bid of € 5.45 per share this morning.

See which ones here tips Nico Inberg (DeShareholder) and Albert Jellema (Pro Beleggen) gave Thursday evening during the DFT seminar.

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