Heineken’s bitter decline on flat AEX | Financial

At around 2:50 pm the AEX index was 0.1% lower at 571.8 points. The AMX advanced 0.2% to 849.3 points. The price signs in London (-0.3%), Paris (-0.2%) and Frankfurt (-0.1%) turned red.

“With the new corona wave, investors have a preference for companies that hardly suffer or even profit from it. Today Just Eat Takeaway is a good example of the latter, ”said wealth strategist Simon Wiersma (ING). “This is a trend that we will see more often in the coming days and weeks.”

The halting of the investigation into a possible vaccine against the coronavirus by pharmaceutical company Johnson & Johnson and the suspension of the study into a treatment of the virus by Eli Lilly did cause some restraint on the stock exchange floors.

The US stock markets are expected to open flat to slightly higher this afternoon. Bank of America, Goldman Sachs and Wells Fargo opened their books this afternoon on Wall Street.

ASML down after numbers

In the AEX ASML set by investors 0.5% lower despite the chipmachinefabrikant managed to further increase sales and profit in the third quarter. “ASML’s figures did not look wrong. But the price had already risen considerably recently, ”noted ING strategist Wiersma. Industry colleague ASMI gave in 0.1%.

Heineken was the biggest loser among the main funds with a minus of 1.7%. The stricter measures due to the second corona wave put the brewer’s course under pressure. The insurers ASR (-1.5%) in Aegon (-1.3%) also declined.

Leader Just Eat Takeaway headed 5.1% higher. It meals delivery company benefited from the corona pandemic as more people have food delivered to their homes. The parent company behind Thuisbezorgd.nl, among others, saw the number of orders increase by almost half in the third quarter.

Steelmaker ArcelorMittal was allowed to add 2.3%. Banking group ABN Amro (+ 2%) on techinvesteerder Prosus (+ 1.1%) were also happy.

Sprinted in the AMX Basic-Fit 2.4% ahead because of the relief that the tightened corona restrictions are less severe for the gyms than feared. Trading house Flow Traders (+ 2.7%) was the largest riser among medium-sized funds.

Eurocommercial was the biggest descender in the AMX. The real estate fund fell 2.5%.

Smallcapfonds TomTom fell 0.4% after an initial price jump of more than 8%. The navigation producer remained optimistic despite the impact of the corona crisis. The navigation service provider suffered a loss of € 67 million last quarter. Sales amounted to € 148 million, a fifth more than the previous quarter.

–