Stock Markets March 6, 2026

Amsterdam stocks fall as AEX posts 1.52% decline to one-month low

Consumer goods, technology and basic materials weigh on the index as oil and gold climb

By Sofia Navarro SHEL
Amsterdam stocks fall as AEX posts 1.52% decline to one-month low
SHEL

Netherlands equity markets closed lower on Friday with the AEX sliding 1.52% to a one-month low. Losses were driven by weakness in the Consumer Goods, Technology and Basic Materials sectors. Shell and Relx were among the session's gainers, while BE Semiconductor, Universal Music Group and ASM International led declines. Commodities rallied, with crude and Brent oil rising sharply and gold higher. Currency moves were muted and the AEX options-implied volatility remained unchanged.

Key Points

  • AEX closed down 1.52% at a new one-month low, with declining stocks outnumbering advancers 64 to 37.
  • Top gainers included Shell (SHEL), Relx (REL) and KPN, while BE Semiconductor (BESI), Universal Music Group (UMG) and ASM International (ASMI) were the largest decliners.
  • Commodities rallied strongly: April crude oil rose 11.53% to $90.35, Brent for May gained 8.51% to $92.68, and April gold futures were up 1.23% to $5,141.40 an ounce.

Amsterdam stocks finished the session in negative territory on Friday, with the benchmark AEX index falling 1.52% to register a new one-month low.

Market breadth favored decliners, as 64 issues fell versus 37 that advanced, while 6 closed flat. Sector-level pressure came from the Consumer Goods, Technology and Basic Materials groups, which collectively contributed to the downward move in the index.

Among individual movers, Shell PLC (SHEL) was one of the better performers on the AEX, ending the day 1.15% higher at 36.17. Relx PLC (REL) added 1.06% to close at 30.50, and Koninklijke KPN NV (KPN) rose 0.72% to finish at 4.74.

On the downside, BE Semiconductor Industries NV (BESI) recorded the largest percentage drop, sliding 17.15% - a fall of 32.35 points - to close at 156.30. Universal Music Group NV (UMG) declined 8.06% to 17.80, down 1.56 points, and ASM International NV (ASMI) fell 5.53% - a decrease of 39.60 points - to 676.80.

The session also featured notable relative price landmarks. Shares of Shell reached five-year highs during the trading day, while shares of Universal Music Group fell to three-year lows.

Options-implied volatility for the AEX was unchanged on the day, holding at 21.09. That steadiness in implied volatility came despite sizable moves in commodity prices.

In commodities trading, crude oil for April delivery jumped 11.53%, rising by $9.34 to $90.35 a barrel. Brent oil for May delivery gained 8.51%, an increase of $7.27, to settle at $92.68 a barrel. Precious metals also moved higher, with the April Gold Futures contract up 1.23%, or $62.70, to trade at $5,141.40 a troy ounce.

Foreign-exchange rates were largely unchanged. EUR/USD was effectively flat, moving 0.08% to 1.16, while EUR/GBP was little changed at 0.87, a move of 0.37%. The US Dollar Index Futures declined 0.32% to 98.99.


Overall, the session closed with the AEX lower as losses in several major sectors and sharp commodity price moves shaped market outcomes.

Risks

  • Elevated commodity price swings - large daily moves in crude and Brent oil could increase volatility across energy, materials and broader equity sectors.
  • Concentration of sector weakness - marked losses in Consumer Goods, Technology and Basic Materials suggest continued sector-level pressure could weigh on the index.
  • Significant individual stock declines - heavy falls in companies such as BE Semiconductor and ASM International may amplify market stress in the Technology and Basic Materials segments.

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