The Amsterdam AEX index once again broke the 700 point limit on Tuesday. The benchmark reached this level for the first time in 21 years the previous day, but ultimately closed at 697.94 points. Hopes for a strong economic recovery from the Corona crisis and an acceleration of the vaccination program in the United States, the world’s largest economy, continued to spark optimism in the stockroom.
The main index on Beursplein 5 rose 0.3 percent in morning trade at 700.13 points. The last time the index was able to close above 700 points was on September 4, 2000. On that day, the highest broker price ever, at 703.18, was also clicked. MidKap scored 0.3 percent to 1,019.74 points. Stocks in Frankfurt, Paris and London rose to 0.7 percent.
The strongest climber among Damrak’s main companies was real estate retailer Unibail-Rodamco-Westfield, with a profit of 2.5 per cent. Financial firms followed suit Aegon, NN Group, ASR and ING, with positives of 2.1 percent. Data supplier Wolters Kluwer closed the row with a 0.5 percent decrease.
Boskalis wins
Pam shares rose 0.8 percent. The construction company sells its Swiss subsidiary BAM Swiss to Implenia. No sale price is given. The division is good for sales of up to 45 million euros. Soil researcher Fugro announced the sale of Seabed Geosolutions to PXGEO Seismic Services for $ 16 million. The share fell 0.3 percent.
Poskalis won, by 0.4 percent. Releasing a container ship ever in the Suez Canal will not generate millions for the bulldozer and marine service provider. “This has no effect on Boskalis’ annual profits,” said CEO Peter Berdowski. However, the job will generate additional brand awareness. InPost increased by 2 percent. The Polish provider of parcel lockers, which recently went public in Amsterdam, doubled its turnover last year. The company has benefited from the surge in online shopping due to the Corona crisis.
Investors also monitored developments around the US hedge fund Archegos. The fund was unable to meet its financial obligations. As a result, big banks like Japan’s Nomura and Swiss Credit Suisse were forced to reduce their positions in the fund, which resulted in massive selling of shares. Credit Suisse won by 0.2 per cent in Zurich, after prices fell more than 14 per cent the previous day.
The euro was valued at $ 1.1749, compared to $ 1.1779 the previous day. The price of a barrel of US oil fell 0.2 percent to $ 61.41. A barrel of Brent oil is 0.1% cheaper at $ 64.89.
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