AEX loses energy under pressure from DSM

After lunch, the AEX gave up the accumulated profits on Tuesday. After the good start of the year, investors took some gas back. DSM and IMCD were in the back of the main funds. Unibail had a beautiful day of recovery. Shell was also in demand.

The AEX is approximately half past three fractional lower at 630.75 points. On Monday, the most important Amsterdam stock market gauge reached the highest score in almost nineteen years with 631 points. The AMX rises 0.1% to 943.7 points.

The other European stock exchanges also show limited fluctuations after the pluses on Monday.

British Prime Minister Boris Johnson sounded the alarm on Monday night about the new virus variant and the pressure on hospitals. All of England is going back in lockdown.

There are

two Senate seats in Georgia today. If the Democrats win it, they will get their hands on the majority in the Senate. They can then extend the Coronas aid package, but also introduce tax increases.

Rein Schutte, investment advisor at Noesis Capital Management, emphasizes that investors in Amsterdam still see the glass half full despite the uncertainty about the outcome in Georgia. “With a majority in the House of Representatives and in the Senate, Biden would be given more scope to implement his policy. It is also not obvious that after that he will quickly increase taxes. In doing so, Biden would undermine the new corona aid.”

Furthermore, it is mainly waiting for the start of the new figures season, which will be kicked off by ASML later this month in the main funds. Schutte points out that the chip sector is not affected by the second corona wave because of the increase in forecasts from the German chip-angle. “It is expected that there will be more mobility in the stock markets because valuations have been very high, especially on Wall Street, which may lead to increased prudence among investors.”

Unibail-Rodamco-Westfield is still leading the Dutch main funds with a profit of 3.2%. The retail property fund thus largely recovers from the strong decline on Monday.

Shell climbs 2.7%. The OPEC countries and Russia are still unable to agree on a reduction in oil production. Schutte emphasises that the further revival of the oil and gas group is linked to the confidence that the economy will reopen quickly and that the demand for oil will be strongly regained.

ABN Amro is also quite on the go and takes 2.7%.

Prosus follows with a progress of 1.2%. At the investment experts surveyed by analyst Corné van Zeijl (Actiam), the tech investor is the favourite AEX fund this year.

The supplier to the food and pharmaceutical sector DSM and chemical distributor IMCD are at the bottom with minuses of 1.9% and 1.3%. Profitments put steel producer ArcelorMittal 1.1% down.

With the medium-sized funds Boskalis likes with a profit of 2.7, on the news that it can help complete the Antwerp ring. This will result in about €100 million. The dredger and maritime service provider also announced a takeover in the UK for €90 million.

Soil researcher Fugro is making progress of 2%. New leader OCI accounts for a plus of 3.3%.

JDE Peets drops 1.5%, after having already collapsed firmly on Monday without any concrete reason. The coffee producer promoted the AMX index at the end of last year.

Smallcap Heijmans wins 1.3%, after winning an assignment to build more than 700 student housing in Eindhoven for approximately €60 million.

Construction company Oranjewoud wins 0.8% on the local market. On Monday, director and major shareholder Gerard Sanderink quit.