Means bitten dog in sunny AEX

Friday, July 29, 2022 5:53 p.m

In this article you will find information about: NED25, NLMID,

The Amsterdam Stock Exchange closed Friday with a nice profit, but Signify did not contribute to that.

The AEX index rose 1.0 percent to 729.44 points, while the AMX showed a rise of 2.2 percent and the AScX rose 0.8 percent.

Damrak was backed by the powerful figures of tech giants Amazon and Apple. The pre-market market was also busy with numbers in Amsterdam.

On Friday, attention was also focused on European inflation figures. Eurozone consumer prices rose 8.9 percent in July from 8.6 percent in June.

“Food and core prices continue to rise, while the gas crisis keeps energy prices high. Supply rather than demand remains the main force behind rising inflation. Don’t rule out another 50 basis point rate hike from the ECB in September,” warned economist Bert Colijn of ING.

According to the European Harmonized Index of Consumer Prices, inflation in the Netherlands was 11.6 percent in July. In June, inflation was still 9.9 per cent.

The PCE core price index in the US rose 0.6 percent month-on-month. Annual core inflation stood at 4.8 percent against 4.7 percent in May. Economists expected inflation of 4.7 per cent.

On a macroeconomic level, it was also announced that economic growth in the Eurozone accelerated slightly in the second quarter. On a quarterly basis, the economy grew by 0.7 percent against 0.5 percent in the previous quarter. On an annual basis, the economy grew by 4.0 percent. The French economy grew, but the German economy stalled.

Euro/dollar trades at 1.0202. At the start of the trading day in Europe, the currency pair was still moving at 1.0195 and at the close of the American exchanges on Thursday, there was a position of 1.0169 on the plates.

Oil rose 4.4 percent on Friday.

Risers and Fallers

In Amsterdam’s main indicator, 20 of the 25 green stocks closed, led by Just Eat Takeaway with a gain of 6.3 percent, followed by Randstad and ArcelorMittal with gains of 3.5 percent.

Signify plunged no less than 11.8 percent into the red. Signify posted higher sales and profits in the second quarter of 2022, but warned that free cash flow and margins this year will be lower than previously expected.

In the AMX, the figures from Air France-KLM were welcomed by investors with a plus of 4.4 percent. The airliner saw a marked improvement in the second quarter of 2022 and even managed to turn a profit again. For the third quarter, Air France-KLM expects a “significant” positive operating result. And thus the company also expects to end 2022 positively, for the first time since 2019.

WDP rose 5.1 percent after numbers and a rise in outlook. KBC Securities saw room to put the stock on the buy list, although the price target fell slightly.

The results of Aperam were also rewarded with a plus of 9.0 percent. Basic-Fit rose 0.5 percent. The fitness club operator welcomed significantly more members in the first half of this year, while opening significantly more clubs, but also warned that underlying EBITDA in 2022 will be slightly lower than previously expected.

Galapagos fell 2.7 percent, making it the strongest decliner among mid-caps.

Small cap Heijmans rose by 3.6 per cent. The developer posted slightly less revenue in the first half of 2022, while the underlying performed well. Heijmans reiterated its expectations for the whole of 2022, where the company expects the results in the first half of this year to continue into the second half.

Ebusco shot up 4.9 percent after a Spanish contract. Financial details were not shared.

Brunel closed down 0.4 percent on figures, while Ctac gained 1.5 percent on figures.

Wall Street position

At the close of the Amsterdam stock exchanges, the leading S&P 500 index was 0.6 percent higher at 4,094.46 points. The Dow Jones index rose 0.2 percent and the Nasdaq technology exchange was 0.7 percent in the green.

The NED25 share price is traded live at € * with a difference %. Today’s highest price is € * with the low of € *.

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