Tuesday 02 June 2020

Amsterdam’s AEX index closes up 17% but a ‘gorilla’ does it better

Photo: DutchNews.nl

The Amsterdam AEX blue-chip index closed 2017 up 16.5% at 555.22 points on Friday. The Midkap index did even better, noting a total return of 24.7% over the year but the smallcap index AScX topped the lot with a rise of 34.4%.

The rise in the Amsterdam indices is part of a global trend, with the S&P 500, the FTSE and the DAX30 in Frankfurt all booking new records, the Financieele Dagblad noted.

Although the three semi-conductor stocks traded in Amsterdam all beat their respective indices, the best performer was BE Semiconductor Industries, the Financieele Dagblad said.

‘If you had invested €1 in the Duiven-based firm on December 30, 2016, it would not be worth €2.30,’ the FD said.

Air France-KLM was another strong performer, rising from €5.17 at the beginning of the year to close at €13.58 on Friday afternoon.

Gorilla

Despite the positive AEX performance, a random basket of shares traded by a computer increased in value 27% over the year, according to investment website Beursgorilla.

The original share basket was selected 10 years ago by a gorilla called Jacko who picked his favourites from a choice of 25 bananas. But problems with filming the gorilla making his pick every month mean a computer simulated gorilla has now taken over the job, website RTLZ said.

Jacko and his computer namesake have beaten the AEX in 14 of the 18 years the experiment has been running, RTLZ said.

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.