Banana cutter VS leaves sunny AEX cold | Financial


At around a quarter to three, the AEX index was 1.1% higher at 564.53 points. The AMX rose 1.5% to 785.46 points.

Elsewhere in Europe, the signs also turned green. London (+ 0.7%), Paris (+ 0.8%) and Frankfurt (+ 0.5%)

Elsewhere, stock markets showed a mixed picture. The Japanese Nikkei index closed 0.3% lower this morning. The US stock markets ended 0.4% to 0.6% higher on Tuesday evening. Wall Street is expected to open around 0.3% in the plus this afternoon.

In the afternoon, a disappointing figure on employment in the US corporate sector was released. The number of new jobs measured by salary processor ADP was significantly lower in the past month than economists had anticipated,

In the morning, the services sector of several European countries cleared up in July after the strong dip in April and the first stabilization in May and June. The news that Democrats and Republicans have made progress on the launch of a new stimulus package in the US has already been well received.

Rein Schutte, investment advisor at Noesis Capital Management, emphasizes that investors have been supported by mainly better than expected operating results and the recovery in the European services sector. “A week earlier, there were still fears of an economic cooling, but this week investors have shaken off concerns.”

Schutte takes into account that the AEX will hardly move on balance this month. “I see little reason why the prices will rise sharply unless there is a corona vaccine in the short term. On the other hand, there is not expected to be a major drop in anticipation of the planned new US government support package. ”

Ahold Delhaize excels

In the AEX fell Ahold Delhaize good taste with a price jump from 7% to the highest level ever above € 26. The supermarket group doubled its second-quarter profit and boosted its profit forecast for the year. The parent company of Albert Heijn and once again benefited from consumer hoarding due to the coronavirus outbreak, as in the first quarter. CEO Frans Muller also stated that Ahold has not made an offer for industry colleague Hema. The increase in the dividend gave the stock extra support, Schutte says.

Wolters Kluwer was also in demand and was worth 4.5% more. The information provider achieved a turnover of € 2.3 billion in the first six months of the year. Organic revenue growth amounted to 3% in the reporting period. Wolters Kluwer did not forecast the rest of this year. Steel manufacturer ArcelorMittal also performed well and advanced 4%.

ASR gained 3.1% after the insurer’s report resume its dividend distribution and share buyback program. Both were previously temporarily suspended due to the corona crisis, but after an announcement by De Nederlandsche Bank (DNB), it is possible for the listed company to distribute money to the shareholders again. ASR will pay € 1.20 per share as a special dividend, which is equal to the suspended final dividend of 2019.

Shell rose 1.6%, helped by a strong upturn in oil prices after an unexpected drop in US oil stocks.

Beer brewer Heineken (-0.3%) was among the scarce fallers. Telecom group KPN fell 0.8%. ASML also had a lesser day with a fall of 0.8%.

Fertilizer manufacturer stole in the AMX OCI the show with a price jump of 8.4%. Air France KLM also got wings and shot up 5.4%. The aviation group was also on Tuesday 5% in recovery.

Arcadis (+ 1.5%) announced that it had sold its shares in the Brazilian sustainable gas collaboration project ALEN to its local partner Porto de Cima Concessões. In December last year, the consultancy and engineering firm already announced that it would stop investing in the project, because the results were disappointing. Arcadis then made a provision of € 85 million. Now the company repays € 6 million in debt and releases part of the provisions. “I am very happy with the agreement,” says Arcadis CEO Peter Oosterveer. “With the closing of the transaction today, we can finally put this old issue behind us.”

GrandVision headed 0.2% in the min. The owner of optical chains such as Pearle and Eye Wish, plunged into the red during the first half of the year. Due to the corona outbreak, many stores were temporarily closed, which put a lot on sales. However, according to the company, there has been a solid recovery since the reopening of the branches in various countries. GrandVision still emphasized its support for the deal with EssilorLuxottica despite the legal battle with the eyewear giant.

Atrium European Real Estate (-0.8%) saw its rental income fall sharply in the first half of the year due to the corona crisis. In early May, it became clear that Atrium is suffering from the virus outbreak. At the time, the company indicated in Poland, for example, that it was obliged to reduce rents because of the crisis.


Please enter your comment!
Please enter your name here