Stock Markets February 20, 2026

AEX Closes at Record High as Financials, Industrials and Tech Lead Gains

Amsterdam benchmark rises 0.99% with BE Semiconductor the top gainer; mixed moves across commodities and currencies

By Caleb Monroe
AEX Closes at Record High as Financials, Industrials and Tech Lead Gains

Netherlands stocks ended higher on Friday, with the AEX climbing 0.99% to a fresh all-time high. Strength in the Financials, Industrials and Technology sectors helped lift the market. BE Semiconductor Industries NV led advance on the index, while a small number of large names slipped. Market breadth favoured advancers and volatility remained unchanged.

Key Points

  • AEX rose 0.99% to a new all time high, led by gains in Financials, Industrials and Technology sectors.
  • Top movers included BE Semiconductor Industries NV (AS:BESI) up 6.65% to 184.50; Magnum Ice Cream Nv (AS:MICCT) and Aegon Ltd (AS:AEGN) also posted gains.
  • Market breadth favoured rising stocks 70 to 28 with 9 unchanged; AEX Volatility remained unchanged at 21.09.

Netherlands equities finished higher after the close on Friday, driven by sector-level advances in Financials, Industrials and Technology. At the Amsterdam close the AEX rose 0.99% and reached a new all time high.

The session's strongest performer on the AEX was BE Semiconductor Industries NV (AS:BESI), which climbed 6.65% or 11.50 points to finish at 184.50. Other notable winners included Magnum Ice Cream Nv (AS:MICCT), up 2.91% or 0.40 points to 14.08, and Aegon Ltd (AS:AEGN), which gained 2.44% or 0.15 points to close at 6.39.

On the downside, Inpost SA (AS:INPST) ended the day 0.33% lower, a 0.05 point drop to 15.18. Akzo Nobel NV (AS:AKZO) slipped 0.30% or 0.18 points to 60.32, while Shell PLC (AS:SHEL) fell 0.16% or 0.06 points to finish at 33.67.

Market breadth on the Amsterdam Stock Exchange showed more rising issues than decliners, with 70 stocks up, 28 down and 9 unchanged at the close.

The AEX Volatility index - which reflects implied volatility in AEX options - was unchanged, holding at 21.09 (0.00% change).


Commodities and currencies saw modest movement during the session. Crude oil for April delivery was down 0.11% or 0.07 to $66.33 a barrel. Brent oil for April delivery was unchanged, flat at $71.66 a barrel. The April Gold Futures contract rose 1.89% or 94.35 to trade at $5,091.75 a troy ounce.

In currency markets, EUR/USD was reported unchanged 0.09% at 1.18, while EUR/GBP remained effectively flat, unchanged 0.11% at 0.87. The US Dollar Index Futures moved lower by 0.16%, trading at 97.70.

The trading day closed with a broadly positive tone on the AEX, supported by several sector gains and a handful of strong single-stock performances, even as a small group of large-cap names posted declines and key commodity and currency metrics showed limited directional change.

Risks

  • A small number of large-cap stocks declined, including Akzo Nobel NV (AS:AKZO) and Shell PLC (AS:SHEL), which could temper index momentum.
  • Commodity prices showed mixed movement with crude and Brent oil effectively flat to down and gold up, reflecting potential near-term price uncertainty.
  • Implied volatility for the AEX was unchanged at 21.09, which may indicate limited expected price swings in the options market and potential uncertainty about sustained directional moves.

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