Heineken Hangover at the Red Financial Stock Exchange



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AEX closed down 0.5% to 573.2 points. The AMX fell 0.1% to 784.9 points

Elsewhere in Europe, stock markets also ended down. The German DAX and the French CAC40 respectively lost 0.4% and 0.3%.

Investment strategist Simon Wiersma of ING is not worried about the setback and points out that company figures are not usually too bad. "And especially in the US Absolute profit growth is impressive at 24%." Development is also positive in Europe, but setbacks are severely punished, as is the case today with Heineken. "

Wiersma also notes that bond yields are rising. "I think these will increase further in the coming months, partly because of higher inflation levels.This is good for financial institutions.Because of interest rates higher are a sign of economic strength, they should not be an obstacle for the stock market as a whole. "

Wiersma is particularly positive about stocks, mainly because of strong economic development and good companies. "In addition, the preliminary trade agreement has reduced tensions between the United States and the EU, and could also be a precursor to positive trade negotiations between the United States and China."

Heineken fell by 5.3% after the publication of its half-year results. "In and of themselves, they are good." The fierce competition in South America, however, is affecting the profit margin more than expected, investors are punishing it, "says wealth manager Krist Plaizier of Fintessa

Altice ] (-4%) announced that he would sell his remote control in the Dominican Republic to an investor for $ 170 million.

] ING lost 0.3%, in anticipation of the publication of the quarterly figures on Thursday Plaizier hopes that these will be better. "After all, expectations are low. Partly because of the decline in long-term interest rates, the stock price has disappointed in recent months. "

The Lighting Company Signify began its stock repurchase program and grew by 4.4%

Galapagos added 1 The biotech group has received a recommendation to buy the British bank Barclays with a target price of € 130.

Backed by rising bond yields, insurers have gained ground. ASR Aegon and NN increased from 0.8% to 1%.

In the mid-size funds Air France KLM ] with a more than 1.7% at the top

PostNL plus 1.3% The company may increase the price of the stamp by 14% next year from the authority ACM regulation

Besi still loses 3.5%, after the end of last week it had already dropped significantly following a disappointing semi-annual report.] Takeaway lost 2.4% after the announcement of a takeover in Israel for 135 million

Smallcap Pharming reported 2 , 2%. Two members of management exercised options, following which the number of shares outstanding of the biotechnology company increased by 1%.

Winkelvastgoedfonds Retail Estates gained 2.3% in the local market.

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