Basic-Fit down on a lower stock market | Financial

The AEX index ended 0.8% lower at 541.11 points. The AMX fell 0.9% to 785.63 points. The price signs in London (-1.3%), Paris (-0.8%) and Frankfurt (-0.3%) also turned red.

“Investors fear that stricter corona measures will disrupt the economic recovery,” said asset manager Jan-willem Nijkamp (Fintessa). This has been causing turbulence in the stock market for several days, with sharp declines alternating with strong recovery movements. “The bears and bulls are fighting each other at the fair. But the negative news is now starting to dominate. ” Nijkamp expects the stock market volatility to continue until the start of the quarterly earnings season in the course of next month.

“On balance, the stock exchange still does not know how to get far from its place. Since the end of July, the AEX index has moved into a corrective phase, with tops and bottoms becoming slightly lower, but there is no serious selling pressure ”, noted technical analyst Royce Tostrams.

Of American stock exchanges rates at the end of the afternoon 0.1% to 0.7% higher. A setback for investors was that the number of WW applications rose to 870,000 last week. Analysts had expected a drop to 840,000 support requests.

ING on profit

In the AEX ING the winners with a plus of 1.4%. The banking group fell out of favor with investors earlier this week over revelations about the Polish arm, which helped divert billions in criminal money from Russia. ABN Amro went up 0.8%.

Aegon became worth 1% more. The insurer is investigating the possibilities of a sale of its Central and Eastern European parts, reported Bloomberg news agency.

Adyen plus 0.3%. Technology CEO Arnout Schuijff will step down from his board position at the digital payment processor on 1 January. He is one of the founders of the Amsterdam fintech company.

Biotechconcern Galapagos (-3.1%) was the biggest loser among the main funds. Data supplier and trade fair organizer Relx (-2.9%) was also one of the laggards.

In the AMX went aviation concern Air France KLM 6.8% down. Gym chain Basic-Fit was even written down by 9%.

Corbion (+ 3.8%) was the leader among medium-sized funds. The chemical company and the French oil company Total will merge build a new factory for the production of polylactic acid bioplastic, PLA bioplastic. Real estate fund NSI (+ 3.1%) was also cheerful.

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