After Thursday’s significant loss, the AEX index stood at a plus of 0.3% at around 12.30 pm, with 554.1 points. The Midcap index lost 0.3% at 822.8 points.
Elsewhere in Europe, the picture is less positive: London’s FTSE100 is down 0.5%, in Paris the CAC40 is down 0.4%, and in Frankfurt the DAX index is unchanged from Thursday’s close
Investors are still keeping an eye on the developments surrounding the corona virus. The number of people worldwide who has been diagnosed with the corona virus has now passed thirty million. Most infections have been diagnosed in the United States. The number there stands at more than 6.6 million. The worldwide death toll is over 942,000. More than 197,000 deaths have been recorded in the United States.
Attention is also paid to the tech quarrel between the United States and China. US President Donald Trump does not want the Chinese tech company ByteDance to hold a controlling interest in the US branch of the video app TikTok. ByteDance recently concluded an agreement with the American software company Oracle. He proposed to manage the data of Americans. ByteDance would furthermore house all of TikTok’s activities in a US-based company.
“Novel period for companies”
Rein Schutte, investment advisor at Noesis Capital Management, emphasizes that the expiry of options trading plays a role in the price movements on the Damrak. He points out that the tech funds in particular are in demand again after selling pressure arose the day before. “In this news-leaning period for companies, many investors are already positioning themselves for the fourth quarter. While there is no good reason to look up, there is also no reason to be very gloomy, despite the upcoming debates between US presidential candidates Trump and Biden that could have an impact on sentiment from the end of September. Furthermore, it remains exciting whether there will be new corona support in the US. Technically, the main support for the AEX is 530 points. If you were to break this limit, the trapdoor would open towards 500 points. ”
Unibail down again
In de AEX had ASML the tailwind. The chip machine manufacturer won 1.7%. Other tech funds also did well. Leader Adyen thickness 4% while ASMI 1.5% higher.
Chemicals distributor IMCD welcomes investors with the acquisition of a Finnish supplier of fiber-reinforced plastic and composites. The company is rewarded with a 3.4% higher share price.
The fine chemicals companies Akzo Nobel in DSM also showed a favorable picture and were worth 1.7% and 1.4% respectively.
Shell (-0.6%) in Unilever (-1.1%), on the other hand, are losing. Financials also had a bad day. ABN Amro had to give up 2%. Aegon saw the share price decline 1.9%. Within the European Central Bank (ECB) there would be voices to allow banks to pay dividends again.
The bitten dog is again Unilbail-Rodamco-Westfield. After Thursday’s boom, another 12.8% of the stock market value of the real estate company crumbled. The share is only just above € 30, a historic low. According to Schutte, Unibail itself has brought the uncertainty to the market because of the doubts about whether or not the share issue will go ahead. “Shortsellers were able to take their chance.” Midkapper Eurocommercial Properties shared in the malaise in fell 4.4%. AScX fund Vastned suffered a blow of 6%.
Chipfonds went into the Midkamp index IRON 1% forward. PostNL gained 1.1%.
On the other hand hit Air France KLM 3.4% lost, Fugro fell 2.8%.
The shareholders of the stock market operator Euronext are pleased that the company can hold exclusive talks about the acquisition of the Milan stock exchange. The fact that new shares are issued in the process apparently makes little difference, as evidenced by the 4.8% higher price.
In Madrid, the banking sector is in the spotlight. The boards of directors of the major Spanish banks Caixabank and Bankia have approved the merger between the two banks. This creates the largest lender in the country, with more than 20 million customers and assets of more than 650 billion euros. Bankia was saved by the government in 2012 with a rescue package of more than 22 billion euros.