Euronext Amsterdam sharply higher

The market rallied Thursday, and AEX-index closed at 908 points after an increase of 1.8 percent. The index has never gained more in one day since Aug 7, when it was up 2.2 percent.

86 shares showed a gain and 22 showed a loss. 7 shares were unchanged and closed at the same price as the previous day. There was no trading in 30 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 2.4 billion.

ArcelorMittal SA rose sharply to close at 21.90 euro, up 3.8 percent. We must go back to Feb 8 to find an equally strong rise. That time the stock gained 4.9 percent. This past week the stock has gained as much as 8.7 percent. The stock broke up through the resistance at 21.22 euro in inverse head and shoulders formation. This triggered a buy signal on increasing volume and a further increase to 23.93 euro within three months is indicated.
Prosus NV closed at 34.06 euro after a solid gain of 4.7 percent. We must go back to Feb 6 to find an equally strong rise. That time the stock gained 4.9 percent. It also looks good technically. The stock has broken up through resistance at 33.40 euro.
SAINT GOBAIN ended with a solid gain of 4.4 percent and closed at 84.52 euro. The stock has never gained more in one day since Apr 26, when it was up 6.9 percent. Since the buy signal from the rectangle formation two days ago, the stock now has gained 7.0 percent.
Aalberts NV ended with a solid gain of 6.4 percent and closed at 36.18 euro. We must go back to Feb 22 to find an equally strong rise. That time the stock gained 7.3 percent. The stock broke up through the resistance at 35.30 euro in double bottom formation. This triggered a buy signal on increasing volume and a further increase to 37.39 euro within two months is indicated. It was also high volume. Overall it was traded for 13 millions euro in the stock, which is three times as much as normal daily turnover.
ASM International NV closed at 591 euro after a solid gain of 5.6 percent. The stock has never gained more in one day since Apr 26, when it was up 7.3 percent. The stock has thereby closed up six out of the past seven days. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.

Most traded Thursday

ASML Holding NV530.35
Shell Plc220.38
SAINT GOBAIN140.75
ADYEN N.V. EO-,01138.26
ING Groep NV121.53
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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