NN and KLM popular on sunny fair | Financial

At around noon, the AEX index was up 1.6% at 548.7 points. The Midkap index advanced 1.9% to 745.1 points. Prices were also on the rise in London (+ 1.1%), Paris (+ 2.3%) and Frankfurt (+ 1.2%).

“In the past three months you have seen that bad trading days are quickly followed by recovery. Investors then follow the “buy the dip” strategy. That is also the case today, ”said asset manager Renco van Schie (Valuedge). He is therefore not afraid that Thursday’s sharp declines for the AEX (-3.4%) and the Dow Jones (-6.9%) will break with the strong upward trend on the stock markets since the March crash. “We expect this trend to continue.”

According to Van Schie, it was also not surprising that the stock markets fell on Thursday after a sharp increase in two weeks. “Investing sometimes also involves consolidation.”

The US stock markets are also expected to recover strongly this afternoon with target opening gains of 1.7% to 2.4%. Wall Street made a plunge on Thursday evening due to fears of a new wave of corona infections in the United States. Fed Chairman Jerome Powell’s cautious tone also made investors cautious.

In Asia, the Japanese stock market saw a 0.8% loss on the last trading day of the week. Production in the sizeable Japanese industry shrank by nearly 10% in April as a result of the corona crisis compared to the previous month.

In the AEX, the winners were led by NN with a plus of 6.5%. Activist shareholder Elliott has put pressure on the insurer ahead of strategy day later this month. Elliott thinks NN is worth more than the current stock price indicates.

Unibail was allowed to add 6.2%. The real estate fund went down 13% on Thursday due to investors’ fears of a second corona wave.

ArcelorMittal was also at the forefront. The steel group’s share price rose 5.5%. It plummeted Just Eat Takeaway, which struck a major blow in the US the previous day, showed a recovery of 2.8%.

DSM was worth 2.4% more. Investors responded with approval that the specialty chemicals group has acquired Austrian Erber for € 980 million. KBC emphasizes that this acquisition will strengthen DSM’s position in the animal nutrition market.

Biotech fund Galapagos on the other hand, went 1.1% lower. Supermarket group Ahold Delhaize also had to give up 1.1%. Unilever, which held up a day earlier due to the choice to continue under the British flag, lost 0.7%.

Into the AMX PostNL 0.4% higher. After the invalidation of the license for the merger with Sandd, PostNL may be more under a magnifying glass in the future. That could ultimately lead to lower returns in the postal delivery division, say analysts at KBC Securities. The court in Rotterdam ruled on Thursday that the permit from the Ministry of Economic Affairs for the amalgamation of PostNL and Sandd is not valid.

Gate closer Vopak lost 2% in medium-sized funds. On the other hand made Air France KLM an end to the recent dive with a plus of 6.4%. Subsidiary Air France will fly to 250 destinations this summer. Gym chain Basic-Fit that the doors of more and more branches can open, is also 6.4% thick.

Small cap fund Accell won 4.1%. The bicycle manufacturer was severely affected by the corona measures in the second quarter, but saw sales pick up again in May. Incidentally, Accell borrows tens of millions of euros, which the Dutch state guarantees. Because of these state guarantees, the company from Heerenveen is not allowed to pay a dividend for this year.

The locally listed exchange company Euronext was worth 1.4% more. The Swiss stock exchange has today listed the Madrid stock exchange.

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