December 1, 2020

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PostNL for sale on green damrak

PostNL for sale on green damrak

PostNL was the negative outlier on an otherwise positive Amsterdam stock exchange on Monday. Investors were clearly not satisfied with the postal company’s quarterly report. European stock markets rose across the board. Investors were able to take courage from positive industry figures from China and Europe, among other things. The US presidential elections on Tuesday were also excited.

PostNL (down 6.2 percent) was the last mid-range fund on Damrak. Post and parcel delivery companies also achieved higher sales in the third quarter. The growth was mainly driven by the parcel division, which continues to benefit from the corona crisis. However, according to analysts, profitability was lower than expected.

Due to significant price gains in funds such as Shell and ING with plus points of almost 5 and almost 6 percent, the AEX index rose significantly. The Amsterdam main index closed with a plus of 1.9 percent at 543.91 points. The MidKap rose 2 percent to 791.47 points. London, Frankfurt and Paris thickened to 2.1 percent.

Kiadis Pharma also rose in value thanks to a takeover offer from the French pharmaceutical company Sanofi. The biotechnologist rose nearly 250 percent in the local market. Sanofi wants to acquire the company for 308 million euros. The board of directors of Kiadis supports the offer of the French pharmaceutical company. The biotechnologist Pharming also benefited from the takeover reports in the industry and was the leader in the MidKap with a plus of 7.6 percent.

Air France-KLM eventually gained 5 percent after a significant opening loss. This weekend, the airline KLM was unable to get all unions to agree on longer periods of wage moderation. These commitments are necessary in order to receive the second part of the support package from the Dutch government.

In addition, specialty chemicals company Corbion rose 7 percent after a well-received trade report. Various companies in other European countries also looked at the books. In London, Ocado rose 8 percent. The UK online supermarket has raised its profit forecast for this year. Ryanair rose nearly 5 percent in Dublin despite the Irish airline’s six-month loss.

The euro was valued at $ 1.1633 compared to $ 1.1651 on Friday. A barrel of American oil was 1.2 percent more expensive at $ 36.22. Brent oil was also 1.2 percent more expensive at $ 38.38 a barrel.