October 26, 2020

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AEX closes green, Galapagos stands out

AEX closes green, Galapagos stands out

The AEX index in Amsterdam went out of business on Wednesday with a profit. The mood was positive elsewhere in Europe too. The indicators showed some recovery after the sell-off of the last few days, led by American technology companies. News that British pharmaceutical company AstraZeneca has halted trials of a possible corona vaccine barely affected the positive mood.

The AEX index in Amsterdam closed with a plus of 2.1 percent at 552.05 points. All 25 funds ended up in positive territory. The MidKap gained 1.3 percent to 799.71 points. The stock exchanges in Paris, London and Frankfurt rose to 2.1 percent.

The biotechnology company Galapagos led the leading index in Amsterdam with a plus of 5 percent. Unilever (plus 3.6 percent) was also one of the strongest climbers. The food group expects a lot of support from shareholders for the plan to make the company fully British on paper. A possible “resettlement penalty” for moving the headquarters, as suggested by GroenLinks in the House of Commons, would violate European law, according to CEO Alan Jope.

Shell also rose 1.7 percent after the heavy loss the day before. The oil and gas giant has signed a contract with Kosmos Energy in the United States to acquire interests in several exploration projects. This includes an amount of at least $ 100 million and possibly $ 200 million.

Wolters Kluwer rose 2.9 percent. The information provider sells the ComplyTrack component, which deals with health solutions and risk management, to the cloud solution provider Symplr.

In the MidKap, real estate company Eurocommercial Properties was at the top with an increase of more than 7.4 percent. The fitness studio operator Basic-Fit closed the series with a loss of 1.4 percent. With the smaller companies, the bicycle manufacturer Accell grew thanks to the increased advice from ING by 4.2 percent.

In London, AstraZeneca made up an earlier loss. The stock eventually gained 0.5 percent. The British pharmaceutical company and Oxford University are suspending advanced studies with a possible corona vaccine for safety reasons.

The euro was at $ 1.1820 versus $ 1.1786 the day before. Oil prices rebounded after falling sharply on Tuesday. A barrel of American oil was 3.7 percent more at $ 38.10. Brent oil was 2.5 percent more expensive at $ 40.79 a barrel.