October 26, 2020

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The Amsterdam Stock Exchange keeps losses to a minimum

The Amsterdam Stock Exchange keeps losses to a minimum

The Amsterdam stock exchange closed with minimal losses against the backdrop of an increasing number of corona infections in Europe. In other parts of Europe the mood was mostly negative. The losses at the end were much less than earlier in the day. Investors appeared to be making interim profits on Wall Street. Prime Minister Mark Rutte announced restrictive measures for more regions in the Netherlands as corona infections rise sharply.

The AEX index closed a fraction lower at 540.91 points. The MidKap fell 0.1 percent to 785.05 points. The stock exchanges in Paris and Frankfurt lost up to 1.1 percent, while London lost 0.3 percent.

The brewer Heineken closed after previous growth by 0.6 percent lower. Shortly after the announcement of restrictive measures for the catering industry in more regions of the Netherlands, the share quickly fell, but later recovered.

Tech investor Prosus was the largest decline in the Damrak’s major funds, down 1.7 percent. Galapagos led the way with a gain of nearly 3 percent. The Jyseleca drug from biotechnologist and partner Gilead, also known as filgotinib, was approved in Japan for the treatment of rheumatoid arthritis, an autoimmune disease.

In the MidKap, the airline combination Air France-KLM continued the decline with a loss of 1.9 percent. The industrial service provider Aalberts was at the bottom of the league with a minus of more than 3.2 percent. Basic fit fell 0.3 percent. According to ING analysts, the fitness chain is suffering heavily from the new lockdown measures in France.

In Stockholm, the thickness of Electrolux is 2.5 percent. The Swedish home appliance manufacturer plans to resume dividend payments due to its earnings recovery last quarter. The dividend was canceled in March due to the pandemic. The German defense company Hensoldt made its stock market debut in Frankfurt. The share was 8.1 percent below the introductory price.

The euro was at $ 1.1618 versus $ 1.1658 the day before. A barrel of American oil was $ 40.03, 0.6 percent less. Brent oil fell 0.6 percent to $ 41.67 a barrel.