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Galapagos down in lower AEX | Financial

At a quarter past four, the AEX index was 0.7% lower at 527.4 points, after dropping to 523.2 points this morning. Technical analyst Nico Bakker speaks of a valid breakthrough of the resistance at 525-528 points “after the bull’s thrust” on Wednesday. “By removing the resistors, there has been room for a further increase. In other words, the playing field has been widened because the trading range phase. I would call it an extension of the recovery with 560 points as a viable level. Below 520 points, the image will fade. ”

The Dutch index of medium-sized funds AMX was 0.7% lower at 701.7 points.

Elsewhere in Europe, the picture was mixed. The British FTSE 100 gained 0.3%, while the German DAX and the French CAC 40 lost 0.5% and 0.3% respectively.

The American stock markets got off to a good start. The Dow Jones index and the Nasdaq index were 0.1% higher and 0.2% lower after 45 minutes of trading.

2.4 million Americans applied for unemployment benefits last week, it turned out at half past two. That’s in line with analyst expectations, but investors are apparently happy with it. Figures this morning showed that the eurozone economy is slowly recovering from the corona crisis.

Director Cees Smit of asset manager Today’s Group believes that investors are very enthusiastic. “The stock market leads a bit of a life of its own and doesn’t care much about what happens to the economy. For example, ASML is near an all-time high, while the recession will cause fewer TVs and telephones to be sold and therefore less need for chips. ”

Smit fears that many sectors will run into problems. “It is nice that central banks have provided liquidity in the market, but ultimately consumption is more important. And it is under great pressure. Although the lockdowns are being reversed, retail, hospitality and theaters continue to struggle. But also the suppliers and the landlords are affected. Banks can also get into trouble. ”

Asset manager Renco van Schie (Valuedge) is considerably more positive. “The stock markets are doing so well this week, in part because there is an increased chance that there will be a vaccine against the coronavirus by the end of this year. For example, Moderna came up with positive research results, only to place shares a day later. And AstraZeneca has received $ 1 billion to develop a vaccine. ”

In the AEX, Galapagos was at the bottom with a loss of 7.6%. The research results of the use of his drug filgotinib for the treatment of patients with chronic inflammatory bowel disease were somewhat disappointing.

Unibail Rodamco Westfield dropped 5.2%. The real estate fund thus ended up at the lowest level ever.

The technology companies ASMI and Prosus fell by 2.2% and 2%, respectively.

Food delivery service Just Eat Takeaway, information provider Wolters Kluwer and KPN were at the top with pluses from 0.8% to 1%.

The medium-sized funds went Altice Europe Down 13.4% after the publication of disappointing quarterly figures. The French cable and telecom company still expects to grow this year. Major shareholder Patrick Drahi also wants to claim compensation from the football association UEFA, because European football can no longer be broadcast due to the corona crisis.

Basic-Fit was the biggest riser with a profit of 4%. Maritime service provider Boskalis climbed 3% after a positive analyst report.

Small cap fund Vastned (+ 2.5%) announced a strategic update in February 2021. The real estate fund cites the changing retail landscape and the corona crisis as a reason to take a closer look at its strategy.

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