News

Amsterdam’s AEX breaks 800 barrier as tech stocks boom

Euronext Amsterdam. Photo: DutchNews.nl

Amsterdam’s blue chip AEX index has risen above 800 points for the first time in its 37 year history.

The index topped the 800 mark at around 10.30 on Wednesday morning before dropping back in later morning trading.

The AEX fell to 431 points last March, with an intraday low of 389,60, as the coronavirus pandemic unfolded but broke its former record of 703.2 points five months later. That record dated from 2000 at the height of the dot.com boom.

Semi-conductor firms ASMI and ASML, up 91% and 87% this year, and payment processor Adyen, up 45% are the biggest AEX gainers, as tech stocks take the upper hand. Philips, Justeat-Takeaway and Unilever have all lost value over the year so far.

Most European and US indices have also been breaking records this year.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *