AEX continues its climb with support from ECB and tech; Unilever on sale | Financial

The AEX closed 0.7% higher at a position of 739 points after having risen well above the limit of 740 points earlier in the day. The main index was already on the rise on Wednesday. The AMX is 0.9% in the plus at 1038.4 points.

The European Central Bank (ECB) added to the good mood in the afternoon by hinting in its new interest rate decision on longer-term support for the eurozone economy to support the recovery from the corona crisis. The central bankers are emphasizing that they are fine with inflation temporarily rising a bit before they start to reduce their support.

There was a damper on the American job market. Weekly unemployment claims showed an increase, while a decrease was previously expected.

“Stock exchanges are also supported by mostly positive quarterly results,” says Simon Wiersma, investment manager at ING. “But through the increasing turnover results, some companies also have the negative consequences of high raw material prices and the extra costs due to disrupted production chains.” “These problems already emerged at Jumbo, at Daimler you can see it in the chip supply problems.”

“Investors are mainly looking for growth stocks, ASML, for example, was optimistic about the future in its results,” said Wiersma of ING.

According to a poll by asset manager Natixis of strategists, stocks in technology, healthcare, environmental investment and real estate will emerge victorious from the corona crisis this year.

Crypto bitcoin rose over 7% to $31,976. Tesla CEO Elon Musk confirmed during a podcast that he owns cryptocurrencies such as bitcoin, ether and dogecoin. The energy consumption for the minen of coins, in his eyes too high, would now run for almost half on ‘green’ electricity.

Chip suppliers benefit

At the top of the AEX is Adyen with a race sprint of 4.7%. Chip funds are once again doing good business. ASMI is 3.4% higher and chip machine maker ASML adds 3.8%. ASML received a significant price target increase from KBC, from €580 to €640 with an unchanged advice to keep the Veldhoven giant. Degroof Petercam, with a buy recommendation, calls the performance strong and a price target of €720 on the board.

Lighting producer Signify heats up 2.2%. Chip supplier Iron wins 2.1%.

Leader Just Eat Takeaway pulls another final sprint and gains 4.7%.

retail property fund Unibal-Rodamco-Westfield drops 0.5%. The stock was still the best on Wednesday with a 4.4% increase.

At the bottom of the AEX is displayed Unilever bottom with a loss of 5.2%. The quarterly results of the laundry and food group disappointed investors – unlike analysts at ING who turned positive. ING does not think the margin will increase this year compared to 2020. UBS (‘sell’) calls the margin cooling and flat market development a setback. The Swiss were counting on an increase in volumes.

RD Shell also ended up in the rearguard with a price decline of 1.1%.

Aalbert’s star

At the medium-sized funds shines Aalberts out with 4.8% profit on well-received quarterly results. Degroof Petercam has a hold recommendation at a price target of €49.

Elves goes up 3.6%. Air France KLM win 0.4%.

Food chain sligro (+3.7%) reports bright spots after a sharp decline in sales last quarter. According to ING analyst Hans D’Haese, the numbers are strong. “The market needs to raise expectations for the whole of 2021,” he predicts. According to Degroof Petercam, Sligro is just short of expectations. Sligro does not pay a dividend because it receives state aid.

Accel wins

Bicycle manufacturer Accell steps 5% higher. It reports half-year figures on Friday. According to ING analyst Tijs Hollestelle, Accell is keeping up financially in a preview. Due to all the disruptions, he forecasts only €631 million in revenue, a year-on-year decline of almost 7%. But the targets for 2022 would not be jeopardized.

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