Stock market starts strong November | Financial

Stock market starts strong November | Financial
Stock market starts strong November | Financial

At a quarter past twelve the AEX index was 1.6% higher at 542.3 points. The AMX rose 1.7% to 789.4 points. The stock exchanges in London (+ 1.2%), Paris (+ 1.9%) and Frankfurt (+ 2.1%) also turned dark green.

Elsewhere, stock markets were also on the rise. The Japanese Nikkei index closed 1.4% higher this morning thanks to better-than-expected corporate results. Wall Street is expected to open 1.3% to 1.8% in the plus this afternoon.

Investment advisor Rein Schutte of Noesis Capital Management sees no concrete reason for the nice profits. “It does help that the purchasing managers index from China on production was not that bad. On the other hand, England, among others, announced new lockdowns. Incidentally, just like last week’s decline, the stock market recovery is accompanied by low turnover. ”

Schutte is especially looking forward to the American elections, the first results of which are expected to be released on Wednesday morning. “Although the national polls indicate a clear victory for Biden, I wouldn’t be surprised if does win. The most important thing is that the winner quickly comes up with a support package and then it helps that the Senate also comes into the hands of his party. ”

In the AEX, supermarket group Ahold Delhaize and meal delivery company Just Eat Takeaway with pluses of 3.2% and 2.8% respectively the winners. Tech investor Prosus climbed 2.7%, after a target increase to € 120 by Deutsche Bank.

Royal Dutch Shell continued the solid recovery following the publication of the better-than-expected quarterly report on Thursday with a profit of 2.3%.

Unibail-Rodamco-Westfield (-2.6%) was the largest decrease. The retail real estate fund warned that the new measures being taken to prevent the spread of the coronavirus could affect performance and results in the fourth quarter. The group saw things go better in the third quarter, because corona restrictions were eased in many countries.

Biotechnology company Galapagos fell 1.4%.

In the AMX went biotechnology business Pharming with a plus of 5.8% in the lead, probably thanks to takeover speculation in response to the bid for industry peer Kiadis.

Air France KLM won 5.2%. Investors apparently assume that KLM will still receive the full € 3.4 billion in support from the Dutch government. Over the weekend, not all unions agreed to longer periods of wage restraint.

Corbion rose 3.8%, after the publication of better-than-expected quarterly figures. The specialty chemicals company maintained its expectations for the whole of this year.

PostNL plummeted 4.1%, because the quarterly figures were less strong than expected. With the important holiday period just around the corner, the mail and parcel deliverer will take the necessary measures to cope with the crowds in the future. According to top woman Herna Verhagen, PostNL will again pay out dividend at the end of this year. However, investors had expected more from the quarterly results.

Shot at the local market Kiadis Pharma 250% up to € 5.13. The French pharmaceutical company Sanofi wants to acquire the biotechnology company for € 5.45 per share. The board of Kiadis supports the offer.

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