AEX Index Rises 0.78% as ArcelorMittal Hits 5-Year High

Market Update: AEX Index Gains

The Amsterdam AEX index concluded Monday's trading session with a notable gain, rising by 0.78%. The positive momentum was primarily fueled by strong performance in the Basic Materials, Telecoms, and Financials sectors.

Sector and Stock Performance

Leading the advance was steel manufacturing giant ArcelorMittal SA (AS:MT), which surged 3.94% to reach a new five-year high. Financial services firm ING Groep NV (AS:INGA) also performed strongly, adding 2.14% to its value and hitting a five-year peak. In contrast, CVC Capital Partners PLC (AS:CVC) was the session's worst performer, declining by 1.67%. Overall market breadth was positive, with 57 stocks advancing compared to 44 decliners.

Concluding View

The session highlights investor confidence in key European sectors, with specific stocks like ArcelorMittal and ING Groep demonstrating significant upward momentum.

FAQ

Q: Which sectors drove the AEX index higher?
A: The main drivers were the Basic Materials, Telecoms, and Financials sectors.

Q: Which company was the top performer on the AEX?
A: ArcelorMittal SA (AS:MT) was the best performer, with its stock rising 3.94%.

Source: Investing.com