Stock Markets February 19, 2026

Amsterdam bourse drifts lower as materials, health and financials weigh on AEX

AEX closes down 0.28% as select large-cap names climb while semiconductor and insurance stocks lead declines

By Hana Yamamoto
Amsterdam bourse drifts lower as materials, health and financials weigh on AEX

Netherlands equities ended Thursday's session lower, with the AEX slipping 0.28% after losses in the Basic Materials, Healthcare and Financials sectors. Market breadth favoured decliners, and notable movers included Relx, Magnum Ice Cream and Universal Music on the upside, while BE Semiconductor, Aegon and CVC recorded the steepest drops. Commodity markets saw gains in crude and Brent oil, and the US dollar futures ticked higher.

Key Points

  • AEX closed down 0.28% as Basic Materials, Healthcare and Financials weighed on the index.
  • Relx, Magnum Ice Cream and Universal Music were the session's leading gainers, while BE Semiconductor, Aegon and CVC posted the largest declines.
  • Market breadth showed 54 decliners, 44 advancers and 11 unchanged; implied volatility for the AEX held at 21.09, and crude and Brent oil prices rose.

Stocks listed on the Amsterdam exchange finished the trading day in negative territory on Thursday, as pressure from the Basic Materials, Healthcare and Financials sectors pushed the AEX down 0.28% at the close.

Among the index constituents, Relx PLC (AS:REL) was the session's strongest performer, finishing up 2.41% - a gain of 0.62 points - to close at 26.38. Magnum Ice Cream Nv (AS:MICCT) advanced 1.60%, adding 0.22 points to end the session at 13.69. Universal Music Group NV (AS:UMG) also posted a positive result, rising 1.41% or 0.27 points to reach 19.42 in late trade.

On the downside, BE Semiconductor Industries NV (AS:BESI) recorded the largest decline among AEX names, falling 7.49% - a drop of 14.00 points - to finish at 173.00 at the close. Aegon Ltd (AS:AEGN) retreated 5.69%, losing 0.38 points to end at 6.24, while CVC Capital Partners PLC (AS:CVC) slipped 3.26% or 0.42 points to close at 12.45.

Market breadth on the Amsterdam Stock Exchange tilted toward losers, with falling stocks outnumbering advancers by 54 to 44; 11 issues finished unchanged.

Investors also saw CVC Capital Partners shares move to all-time lows during the session, with the stock down 3.26% or 0.42 to 12.45 at the close.

The AEX Volatility measure, which tracks implied volatility in AEX options, was unchanged on the day, holding steady at 21.09 (0.00% change).

Commodity markets showed upward moves on Thursday. Crude oil for April delivery climbed 2.46% - up 1.60 - to $66.65 a barrel. Brent crude for April delivery rose 2.16% or 1.52 to $71.87 a barrel. Precious metals recorded a modest gain, with the April Gold Futures contract increasing 0.13% or 6.64 to trade at $5,016.14 a troy ounce.

In currency trading, EUR/USD was effectively unchanged, moving 0.21% to 1.18, while EUR/GBP registered a 0.19% change to 0.87. The US Dollar Index Futures traded higher, up 0.25% at 97.86.


Market context summary

  • The AEX closed down 0.28% after losses in Basic Materials, Healthcare and Financials.
  • Top performers included Relx, Magnum Ice Cream and Universal Music; the biggest decliners were BE Semiconductor, Aegon and CVC.
  • Market breadth favoured losers 54 to 44, with 11 stocks unchanged; CVC hit an all-time low.

Data highlights

  • AEX Volatility (implied) remained unchanged at 21.09.
  • Crude and Brent oil futures rose, and April Gold Futures edged higher.
  • EUR/USD and EUR/GBP showed minimal movement, while the US Dollar Index Futures rose 0.25% to 97.86.

Risks

  • Weakness in the Basic Materials, Healthcare and Financials sectors exerted downward pressure on the AEX during the session - these sectors may continue to influence index performance.
  • Significant declines in individual stocks, exemplified by BE Semiconductor's 7.49% drop and Aegon's 5.69% fall, highlight stock-specific downside risk within the market.
  • CVC Capital Partners moved to all-time lows, indicating elevated equity-specific risk for holders of that stock.

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