The Amsterdam Stock Index AEX is expanding from 25 to 30 companies. It is the biggest change in 35 years. Among Others, Meal Delivery Service Just Eat Takeaway, Coffee Roaster JDE Peet’s and the Belgian Real Estate Company WDP Are Being Added to the Index.
That was announced by Parent Company Euronext on Tuesday. The Changes Will Take Effect on Friday, September 19, After the Trading Day Has Ended.
In Addition to the Aforementioned Companies, Postal Company Inpost and Investor CVC Capital Partners Are Also Joining. The Five Companies Have Been Chosen because they are Popular Among Investors and because they have Issued many Shares.
The AEX HAS consisted of 25 companies for 35 years. But Euronext Felt It was time to expand the stock exchange. This should make it more attractive for companies to opt for a listing in Amsterdam, Says René van Vlerken, CEO or Euronext Amsterdam.
With Thirty Funds, The Chance is Greater That You Will Be Included In The Aex Sooner Or Later. If you are in it, your shares are generally traded more and you can raise new capital more easy as a company.
In Addition, The Expansion Should Make the Stock Exchange More Interesting for Investors. This is because with five extra companies, the range of aex funds is more various.
It is striking that with just eat takeeaway and jde ge peet’s, two companies have leg added that may soon disappear from the Stock Exchange Again Due to a Takeover. For Example, Tech Investor Prosus Has Made a Bid for Just Eat, While the American Beverage Concern Neat Dr. Pepper Has Set its sights on JDE Peet’s, The Company Beind Douwe Egberts.
If the Companies are indeed tasks about and disappear from the stock exchange, replacements will come within a few week or months.
Companies Promote from Midkap to AEX
The Five Companies That Are Now Being Added To The Aex Come From Another Index: The Midkap. These are funds whose shares are traded less frequently.
That index will continuous to consist of 25 funds after the revision, which mean that five new companies will be added. These are AMG, Havas, Flow Traders, Hal Trust and Pharming Group. Companies that are already in it and will remain there include Air France-KLM, Basic-Fit and Construction Company Bam.
The Third Index in Amsterdam is The Smallcap. It goes from 25 to 20 Companies and Gets A Different Name: The Amsterdam Next 20. This should say polish up the image of the index someWhat. “These companies are the future contenders for the aex, but they are now seen as less attractive,” Says van Vlerken.
Tech funds Increasingly Important in AEX
The AEX is the Most Important Index of the Amsterdam Stock Exchange and Has Existed Since 1983. It is intended as a gauge of how the Dutch stock market is doing. Many companies would like to be in this index, because it improves their image and ensures that their shares are traded more often.
The index started in 1983 with Thirteen Funds and Has Expanded to First 20 and later 25 Funds in Six Years. That Number Has Remained the Same Since 1989, Although the Composition Has Changed Considerly.
For Example, Technology Funds Such as Prosus and Payment Company Adyen Have Been Added Over The Years. Companies Active in the Chip sector, Such Asml and Besi, also form an important share in the index.
At the same time, quit a few companies have disappeared. For Example, Boskalis, TomTom, Insurer Delta Lloyd and Biotech Company Galapagos Are No Longer in the Index. They have bone downgraded to the midkap or tasks off the stock exchange to a takeover.