AEX excited continues seeker

The Amsterdam exchange is closed with a nice profit for the second consecutive day. Especially Just Eat Takeaway and PostNL were in the liking of investors. They also reacted calmly to the ECB‘s interest rate decision.

The AEX index ended 0.7% higher at 663.88 points. At the beginning of the afternoon, the stock market gauge reached the highest level since the end of 2000 at a booth of 666.66 points, thus giving the AEX the record of 703 points from September 2000. The AMX went 0.4% forward to 982.58 points.

โ€œ The atmosphere was good,โ€ said wealth strategist Richard Abma (OHV). According to him, the British variant of the coronavirus is an uncertain factor in the short term. But he emphasises that stock exchange prices can go further up, as the new President Joe Biden is going to boost the American economy sharply, the global economy will reopen this year and corporate profits will be normalized. โ€œShares are still not expensive,โ€ says Abma.

The price signs in London (-0.3%), Paris (-0.4%) and Frankfurt (-0.1%) turned red. On Wall Street, the Dow Jones index was almost flat at the end of the afternoon. Techbeurs Nasdaq rose 0.6%. Wall Street tightened records on Wednesday night when the new President Biden took office. The good start of the American grading season also contributed greatly to the enthusiasm among investors in the US. Especially streaming service Netflix got wings.

ECB decision

The ECB today left the interest rate unchanged at the first policy meeting of the year. The central bank is ready to intervene if necessary. The interest rate decision in December extended the bond buy-back programme. ECB President Christine Lagarde considered it necessary to further support the euro area economy in connection with the new lockdowns in many countries.

According to investment strategist Joost van Leenders (Kempen), the ECB acted as expected today. โ€œFavorable financing conditions, a theme that was on the agenda of the entire Lagarde press conference, is the ECB’s compass for the time being. This means that monetary policy will remain extremely flexible,โ€ he says. However, the bar for further additional easing measures seems to be high with the central bank.

Takeaway in the lead, Unibail at the bottom

In the AEX, Just Eat Takeaway was the leader with a plus of 5.1%. The meal delivery company is expected to benefit from the stricter corona measures. Last week, Just Eat Takeaway‘s course was still under pressure due to concerns about the growing competition.

The chip funds also showed a cheerful image. ASML, which was already 3% on Wednesday due to well-received quarterly results, received a further 3.8%. ASMI posted a profit of 2.9%.

Chemicals distributor IMCD won 3.8%. Galapagos continued the recent revival firmly following a revival from the United Kingdom. The British drug watchdog has recommended the Galapagos drug filgotinib for the treatment of adults with rheumatism. The biotech group’s price went up 2.3%.

Unibail retail property fund (-8,4%) was the largest fall in the main funds. Heavyweight Royal Dutch Shell (-2.4%) also quoted lower.

In the AMX PostNL excelled with a price jump of 4.9%. The postal and parcel company delivered a record number of 337 million parcels last year and is counting on significant earnings growth. Chipsupplier Besi went 3.4% ahead.

Real estate fund Eurocommercial (-5.2%) was the largest loser among medium-sized funds. Air France KLM went down 2.7%. The aviation group is suffering greatly from the tightened corona measures. At KLM, 800 to 1000 jobs disappear, on top of the 5000 jobs already announced.