Strong daily profit for Amsterdam main index due to investor optimism
The main index on the stock exchange in Amsterdam closed sharply higher on Tuesday. The AEX ended the trading day with a plus of 3.7 percent. Sentiment was helped by investors’ hopes that the US central bank may slow down with improving yields. At the Damrak, the name chip funds and financial funds gained a lot of market value.
The AEX ended at 669.59 points. The other stock market indicators also see bottom profits. The MidKap rose 3.2 percent to 888.23 points. The main indicators in Paris and Frankfurt advanced to 4.2 percent and the FTSE in London was 2.6 percent higher. Stock markets in New York and Asia also showed upside gains.
This appears to be mainly a sense of relief among investors. September and actually August were bad stock market months. Then the AEX went down due to the interest rate and recession fears on the markets. The gauge has not returned to its peak in early August, as it was above 730 points.
Financial funds such as Adyen and to more ING at the Damrak 7 percent ahead. The frontrunner was meal delivery company Just Eat Takeaway, the parent company of Thuisbezorgd.nl. That fairly volatile stock closed with a price gain of almost 8 percent. eventually all 25 funds in the Amsterdam main index rose. The smallest plus was for telecom company KPN (plus 0.5 percent).
The chip companies ASMI, ASML and Besi gained more than 6 percent. Elders in Europe also had the wind behind the chip funds. For example, the German Infineon rose 7 percent in Frankfurt and STMicroelectronics gained more than 5 percent in Paris.
Fitness chain Basic-Fit topped the MidKap with a profit of more than 6 percent, followed by aviation group Air France-KLM (plus 4.7 percent). There were no negatives to be seen at the end of the session at the companies session on Beursplein 5 either.
In Zurich, Credit Suisse continued to be in the spotlight with a plus of almost 9 percent. On Monday, the stock fell to a new low due to concerns about the financial stability of Switzerland’s second-largest bank. In London there was a winner with a profit of about 10 percent revenues well received quarterly figures.
Oil prices were also on the rise again. A VAT US oil oil $86.64 and Brent oil became more than 3 percent more expensive at $91.94 per VAT. The euro was worth $0.9976, against $0.9822 a day earlier.