Galapagos and Ahold avoid sell-off in AEX | Financial

Galapagos and Ahold avoid sell-off in AEX | Financial
Galapagos and Ahold avoid sell-off in AEX | Financial

The AEX index recorded 0.8% at 549.8 points around 09:45 am. The AMX was then 0.9% lower at 819.2 points.

In Germany, the software company lost SAP 13% in a red DAX (-2.6%), after the group reported disappointing outlook. The British FTSE 100 fell 0.6%, the French CAC-40 dropped 1.1%.

In Asia, the Hang Seng gained 0.5%, the main index in Tokyo closed 0.1% in the min.

When the New York stock exchanges open at 3:30 p.m., the Dow Jones, S&P 500 and Nasdaq will lose around one percent, according to the futures.

The dollar, a refuge in crises, became 0.2% more expensive against the euro. Gold and silver lost ground as the US 10-year Treasury fee dropped to 0.809%.

Fear coronavirus

Additional restrictions have been set in many European countries to limit further spread of the corona virus. Worldwide, 1.15 million people have died of the virus in 43 million infections, according to figures from Johns Hopkins Institute.

In the Netherlands, the cabinet is unlikely to announce lockdowns on Tuesday, sources told De Telegraaf. “A second economic dip is increasingly likely,” concludes ING analyst Simon Wiersma.

The British pound fell 0.3% after the deadline for the trade agreement between Britain and the European Union was postponed from Sunday to Wednesday.

Analysts are looking this week, among some twenty quarterly results, especially at Thursday, when both the ECB explains its interest rate decision and large tech companies Apple, Amazon, and Google (Alphabet) come out with figures. Corné van Zeijl of Actiam warns of a possible downer, now that tech profits are lagging: the profits must be very strong on Thursday to meet expectations.

Shell leads losers

The rate of Shell 2% reacted negatively, the oil price plunged 3% on expected less demand due to lockdowns. The Telegraph reported that former CEO Charles Holliday of mining giant BHP could become Shell’s new chairman.

The main funds also included a real estate fund Unibail-Rodamco-Westfield at the bottom with a 1.7% loss.

ABN Amro lost 1.4%, ING lost 1% and Aegon 0.7%. Concerns about the bank dividend returned. According to Bloomberg, the second corona wave may take longer before banks can again pay dividends to their shareholders.

Biotechfonds Galapagos recovered and led the winners with 1.7%. Prosus in Ahold Delhaize made small profits.

Tap for Basic-Fit

Only the market maker won for the medium-sized funds Flow Traders: +1,8%.

Fitness chain Basic-Fit led the list of losers with 4.4% loss. It reported a 14% decline in sales to € 318 million over the first three quarters.

Gyms in France and Belgium had to close again. The company is postponing the construction of new clubs for the time being, Basic-Fit is still maintaining its growth goals. Annoying, but no cause for panic, according to KBC in an analysis. Degroof Petercam is keeping its buying advice upright, revenue growth will be ‘temporarily’ halted, the analyst concluded.

Air France KLM lost 3%.

Eurocommercial Properties sector colleague Unibail followed with 2.4% overdraft.

Air France KLM lost more than 2.7%.

Biotechnoloog Kiadis Pharma (+ 0.2%), according to a press release, can present their NK cell treatment for lung cancer at the global conference on immunotherapy.

Coca-Cola European Partners (-1.1%), listed in Amsterdam, wants to buy its Australian industry peer Coca-Cola Amatil in a deal worth $ 5.6 billion.

Large construction companies warned of the loss of ‘thousands of jobs’ because the government has failed to determine nitrogen space for new projects after a year and a half. Builder BAM lost 2.1%, Heijmans fell 0.2%.

The Vereniging van Effectenbezitters (VEB) warned owners of Rabobank certificates (-0.2%). The bank announced that it would make a payment anyway. But the value of the verdict is limited: only certificates are printed, according to the VEB. “Investors who assume that the old payment will be resumed may count themselves rich,” says the VEB, because Rabobank said several times after the cancellation of the payment in March that there is no guarantee whatsoever for the payment.

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