Stock Markets July 3, 2026 12:07 PM

AEX closes at record high as materials, tech and healthcare lead advance

Amsterdam benchmark ticks up 0.97% with ArcelorMittal, BE Semiconductor and ASM International among top gainers

By Nina Shah
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The AEX index closed higher on Friday, climbing 0.97% to reach a fresh all-time high. Gains were broad-based, led by Basic Materials, Technology and Healthcare stocks. ArcelorMittal, BE Semiconductor Industries and ASM International were the strongest performers, while Prosus, Universal Music Group and Ahold Delhaize were among the few decliners.

AEX closes at record high as materials, tech and healthcare lead advance
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Key Points

  • AEX closed up 0.97% to a new all-time high, led by gains in Basic Materials, Technology and Healthcare sectors.
  • Top individual performers were ArcelorMittal (up 5.89%), BE Semiconductor Industries (up 4.24%) and ASM International (up 4.10%).
  • Market breadth favored advancing stocks 76 to 23, with 10 stocks unchanged; AEX implied volatility remained steady at 21.09.

Netherlands equities finished Fridaytrading in positive territory as sector strength in Basic Materials, Technology and Healthcare supported the market-wide advance. At the close in Amsterdam, the AEX rose 0.97% to register a new all-time high.

On a stock level, ArcelorMittal SA (AS:MT) led winners on the AEX, gaining 5.89% or 3.26 points to end the session at 58.60. Semiconductor-related names also moved higher: BE Semiconductor Industries NV (AS:BESI) added 4.24% or 11.10 points to finish at 273.10, and ASM International NV (AS:ASMI) climbed 4.10% or 38.40 points to close at 975.60.

Not all large names advanced. Prosus (AS:PRX) slipped 0.90% or 0.34 points to 36.99 at the close. Universal Music Group NV (AS:UMG) declined 0.73% or 0.14 points to 19.00, while Koninklijke Ahold Delhaize NV (AS:AD) fell 0.66% or 0.24 points to 35.92.

Breadth on the Amsterdam exchange favored buyers, with 76 stocks rising, 23 declining and 10 finishing unchanged.

Measures of market-implied volatility showed little change. The AEX Volatility index, which reflects the implied volatility of options on the AEX, was unchanged at 21.09.

Commodity prices moved modestly during the session. Crude oil for August delivery was up 0.01% or 0.01 to $68.70 per barrel. Brent crude for September delivery rose 0.33% or 0.24 to $72.04 per barrel. Precious metals saw larger relative moves: the August Gold Futures contract rose 1.23% or 50.91 to trade at 4,176.61 a troy ounce.

Foreign exchange markets were largely steady. EUR/USD registered a 0.03% change to 1.14, while EUR/GBP was virtually unchanged at 0.86 with a 0.02% move. The US Dollar Index Futures held steady at 100.62, unchanged on the session.


This session underscored sector-driven leadership in the Dutch market, with Basic Materials, Technology and Healthcare contributing materially to the index leg up. Market participants noted solid breadth, minimal change in option-implied volatility and only small shifts in major commodity and currency benchmarks.

Risks

  • Select large-cap names declined during the session, highlighting potential single-stock downside for portfolios concentrated in those positions - affects investors with exposure to Prosus, Universal Music Group and Ahold Delhaize.
  • While index volatility was unchanged, commodity and currency moves, though modest, could introduce short-term uncertainty for commodity-sensitive sectors such as Basic Materials and for exporters sensitive to FX shifts.
  • Market breadth despite being positive does not preclude intraday reversals, and unchanged implied volatility indicates limited expected swings priced into options markets.

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