Kempen: AEX rebalancing 2005 (NL)

Based on year-to-date turnover statistics it is likely that Vedior and P&O Nedllooyd will enter the AEX-index and Van der Moolen will leave at the annual rebalancing in March 2005.

Kempen´s conclusions are based on publicly available turnover statistics and might deviate from the Euronext turnover statistics, which also include off-exchange turnover.

Based on the current YTD turnover figures, Vedior has reached the 22nd place and would enter the AEX-index immediately. P&O Nedlloyd has reached the 25th place and would enter via the 24/27 rule (within that range two companies will enter but current AEX members have priority). Howver its place in the AEX-index is far from certain as ASMI is close to P&O Nedlloyd in terms of cumulative turnover.

Van der Moolen would leave the AEX-index and would enter the AMX-index and it has reached the 37th place. Gucci already left the AEX-index so this has given room for two new members. Kempen has already removed VendexKBB and Rodamco Asia in the list because of their likely delistings.

In the AMX-index there are a lot of changes to be expected based on the current data:

  • In: Aalberts, AM, Exact, Eurocommercial Properties, USG, Van der Moolen, Crucell;
  • Out: Vedior, P&O Nedlloyd, Boskalis, Imtech, Heijmans, Vopak, KLM-Airfrance.

  • Source: Kempen & Co

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