Galapagos gets hit in revived AEX | Financial

The AEX index recorded 0.7% in the plus at 564.37 points around a quarter past nine. The Midcap index also rose 0.7% to 844.27 points.

Elsewhere in Europe, the stock markets also showed a recovery. London, Paris and Frankfurt gained up to 1.3%.

Wall Street rebounded after a gloomy start last night. Renewed hopes for a deal on new corona support in the US added to this. US President said he wanted to go further with the stimulus package than his own party in the drawn-out negotiations with the Democrats. US futures were off to a flat start for this afternoon.

Investors continued to be cautious due to the resurgence of the corona virus in many European countries and the stricter measures to contain the virus. The Japanese stock market ended the week with a loss of 0.4% after fears of a drag on the economic recovery were raised.

Major damage to Galapagos

In the largely green-colored AEX went Galapagos on sale with a loss of 8% after a new setback at the biotech fund in research into a potential medicine against osteoarthritis. The new research booster at Galapagos confirms that so-called ostoarthritis is a very difficult ailment to treat, analysts from KBC Securities say.

Just Eat Takeaway another 2.5%. British bank HSBC ramped up their recommendation for the meal delivery company.

ArcelorMittal was also in the forefront with a plus of 2.3%. ABN Amro could also count on buyers’ interest. The share price of the banking group rose 1.4%. Industry colleague ING won 1.1%.

Unibail Rodamco (-2.3%) had to give up ground after the price jump from the day before. The real estate fund emphasized that it would continue to steer its own course despite the opposition of major shareholders to a possible share issue.

In the Midkap Signify the long list of winners with a progress of 1.2%.

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