Philips and Aegon put AEX in the red again

Philips and Aegon put AEX in the red again

The Amsterdam AEX index returned an earlier profit on Friday and fell into the red, due to significant price losses by Philips and Aegon. Prosus also fell due to price pressure in the Chinese tech sector, in which the tech investor has major interests. Investors also looked forward to the US government jobs report, which will be released later in the day. A strong recovery in the labor market makes it easier for the Federal Reserve to further reduce corona support.

The main index on Beursplein 5 was down 0.2 percent at 777.34 points around noon. Since the discovery of the new corona variant Omikron at the end of last week, the indicator has lost about 3.7 percent in value. The MidKap fell 0.9 percent to 1017.62 points. The stock exchanges in Frankfurt and Paris lost 0.1 percent. London won 0.1 percent.

Healthcare technology group Philips and insurer Aegon were at the bottom of the AEX, with minuses up to 2.9 percent. Paint manufacturer AkzoNobel was the strongest climber with a profit of 2 percent. Oil and gas group Shell continued to benefit from the recovering oil prices and gained 1 percent.

Prosus lost 1.6 percent. Investors processed the announcement of the Chinese taxi service Didi to delist its New York stock exchange. The US authorities want more information from the Chinese companies listed on Wall Street. However, Beijing does not want sensitive data about Chinese consumers in the hands of the Americans and had previously requested Didi to give up the listing. Tencent Music, the music streaming service of tech group Tencent in which Prosus has a major interest, is also listed in New York.

ASMI continued the decline, falling 1.1 percent. Industry peers Besi and ASML fell 0.2 percent. The chip companies lost up to 7.7 percent on Thursday after reports that Apple needs fewer parts from suppliers because the demand for iPhones is falling.

In the MidKap, Aalberts closed the row with a loss of 3 percent. Morgan Stanley lowered the advice for the industrial supplier. Pharmacy company Fagron, which wants to change the composition of its board of directors to strengthen the expertise within the top, led the way with a plus of 1.2 percent.

The euro was worth USD 1.1304, against USD 1.1318 a day earlier. A barrel of US oil rose 2.6 percent in price to $ 68.22. Brent oil also cost 2.6 percent more, at $71.51 a barrel.

Philips and Aegon put AEX in the red again
Source link Philips and Aegon put AEX in the red again

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