Monday 25 October 2021

Amsterdam’s blue chip AEX sets new record after almost 20 years

Photo: DutchNews.nl

Amsterdam’s blue chip AEX closed at a new record of 708.43 in Thursday trading ahead of the Easter weekend break.

The index ended up almost seven points on its previous record from September 2000, boosted by positive sentiment on the Asian markets and then again when New York opened strongly.

The AEX had already broken its intraday trading record on Wednesday, when it peaked at 704.25, a record that was beaten again on Thursday.

The Amsterdam exchange has also benefited from a shift towards more tech-orientated stocks, making it one of the best performers in Europe.

Before the credit crisis, the AEX was dominated by ABN Amro, ING, Fortis and Aegon. But now ING, the biggest bank in the Benelux, only has a weighting of 6%. Payment processor Adyen is the heaviest of the financial shares on the AEX with a weighting of 7% but in fact it counts as a tech company, the Financieele Dagblad said earlier.

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