Stock Markets February 24, 2026

AEX Climbs to Record Close as Healthcare, Tech and Energy Names Lead Gains

Amsterdam benchmark edges up 0.34% with mixed breadth; BE Semiconductor posts an all-time high while Universal Music hits a 52-week low

By Avery Klein
AEX Climbs to Record Close as Healthcare, Tech and Energy Names Lead Gains

The AEX index closed higher on Tuesday, rising 0.34% to a fresh record high as stocks in the Healthcare, Technology and Oil & Gas sectors pushed the market up. Market breadth was mixed with slightly more decliners than advancers. Key individual movers included Wolters Kluwer, Magnum Ice Cream and BE Semiconductor Industries on the upside, while ABN AMRO, Universal Music Group and IMCD were among the laggards. Commodity and FX markets saw modest moves, and AEX option-implied volatility was unchanged.

Key Points

  • AEX rose 0.34% to close at a new all time high, led by gains in Healthcare, Technology and Oil & Gas.
  • Top performers included Wolters Kluwer, Magnum Ice Cream and BE Semiconductor Industries; laggards included ABN AMRO, Universal Music Group and IMCD.
  • Market breadth was mixed with 50 decliners, 48 advancers and 6 unchanged; AEX implied volatility was unchanged at 21.09.

Netherlands equities finished Tuesday's session in positive territory, with the AEX gaining 0.34% to close at a new all time high. Sector-level strength was concentrated in Healthcare, Technology and Oil & Gas, supporting the headline advance.

Among individual names, Wolters Kluwer (AS:WLSNc) was the session's top performer on the AEX, advancing 4.22% or 2.52 points to end at 62.20. Magnum Ice Cream Nv (AS:MICCT) added 2.71% or 0.36 points to finish at 13.80. BE Semiconductor Industries NV (AS:BESI) also moved higher, up 2.48% or 4.65 points to trade at 192.30 at the close.

On the downside, ABN AMRO Group NV (AS:ABNd) posted the largest decline among AEX constituents, falling 3.72% or 1.09 points to 28.21. Universal Music Group NV (AS:UMG) slipped 2.18% or 0.42 points to close at 18.62, and IMCD NV (AS:IMCD) was down 1.69% or 1.38 points to 80.46.

Market breadth in Amsterdam was slightly negative at the close. Falling stocks outnumbered advancing ones by 50 to 48, while 6 stocks finished unchanged.

Several notable price milestones were recorded in the session. Shares of Universal Music Group reached 52-week lows, closing at 18.62 after the 2.18% decline. Conversely, BE Semiconductor Industries reached an all time high, finishing at 192.30 following its 2.48% gain.

Volatility measures for the AEX were stable. The AEX Volatility index, which reflects implied volatility in AEX options, was unchanged on the day at 21.09.

Commodity markets saw modest declines. Crude oil for April delivery fell 0.50% or 0.33 to settle at $65.98 a barrel. Brent oil for May delivery decreased 0.41% or 0.29 to $70.82 a barrel. The April Gold Futures contract moved lower by 1.10% or 57.69 to trade at $5,167.91 a troy ounce.

In FX markets, EUR/USD was effectively unchanged, edging 0.02% to 1.18, while EUR/GBP was reported as unchanged at 0.87 with a movement of 0.27%. The US Dollar Index Futures was up 0.06% at 97.70.

The close left the AEX at a fresh record level, with individual winners and losers spread across sectors. Trading activity produced mixed breadth and little change in option-implied volatility as commodities and currency pairs experienced only modest moves.

Risks

  • Narrow breadth with slightly more decliners than advancers may indicate uneven participation across sectors, affecting overall market durability - impacts equity market sectors.
  • Declines in key commodities such as crude oil and Brent could influence performance in Oil & Gas and related sectors if trends continue - impacts Energy sector and commodity-linked stocks.
  • A notable individual stock weakness, exemplified by Universal Music Group's move to 52-week lows, introduces idiosyncratic risk for sector-level indices that include the company - impacts Media and Consumer sectors.

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