Chipa shares put AEX at high altitude

The Amsterdam stock exchange index AEX rose on Thursday, on the one hand because of the expectation that the future US president Joe Biden will provide additional economic support. Above, chip shares were gaining on positive news from the sector.

The AEX ended up as much as 1.9% higher at 656.7 points. The index was last over 650 points at the end of 2000. The AMX went 1% forward to 983.8 points.

The other European fairs were not able to keep up with Damrak. The German DAX and the French CAC 40 won 0.4% and 0.3% respectively. The British FTSE 100 climbed 0.8%.

At the closure of the European stock exchanges, the Dow Jones index and NASDAQ index were 0.4% and 0.5% higher.

Asset manager Renco van Schie (Valuedge) ascribes the positive vote mainly to reports that Joe Biden would like to come up with an incentive package of $2000 billion. “It also helps that Donald Trump says he will peacefully renounce his presidency next week.”

According to Van Schie, there is even more to the barrel in the short term, especially for small value shares. “These have lagged considerably over the past year, but will do well in the expected economic recovery.”

Investors were also looking forward to the speech of top man Jerome Powell from the US Central Bank tonight. Derek Halpenny, head of European markets at the Japanese investment bank MUFG, believes that Powell will try to convince investors that short-term interest rates will remain low for a long time to come. “The market, to his disappointment, hardly reacted to the change in targets in August, such as inflation should be 2% on average. Good communication is now very important and I do not rule out the fact that the Fed further expands its incentive programme later this year.”

Good figures TSMC

In the AEX, the suppliers to the chip sector ended after the Taiwanese chipreus TSMC came up with better than expected quarterly figures. ASMI and ASML won 7.6% and 5.9% respectively, to which price increases by UK bank Barclays also contributed.

Prosus also did good business with a plus of 5.4%. Tencent, in which the tech investor has a major interest, went well ahead because American investors are allowed to enter the Chinese tech company anyway.

Unibail-Rodamco-Westfield retail property fund took 4.3%.

Just Eat Takeaway ended with a minus of 4.2% at the bottom. Wednesday, the service provider of meal delivery already got a tick because his profit margin was disappointing last year.

Payment processor Adyen, who has been plagued by fear of heights among investors for a few weeks after the sprint in 2020, contributed 0.8%.

Aegon fell by 0.6% after being put on the sales list by the French bank Société Générale.

In the case of medium-sized funds, the supplier to the chip sector Besi was firmly leading with a plus of 6.8%.

Signify continued its way up with a profit of 2.9%, aided by a target increase by the US bank JP Morgan. The lighting company rewarded shareholders on Wednesday with the payment of the deferred dividend.

Fugro continued the correction started on Wednesday with a drop of 0.8%, after the soil researcher more than doubled after his share issue in October.

Smallcap Sligro grabbed 5.4%. Business bank Kepler Cheuvreux has increased the advice for the wholesale company from holding to buying.

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