Amsterdam AEX index drops sharply

15th January 2008, Comments 0 comments

The main index on the Amsterdam exchange AEX dropped sharply on Tuesday.

15 January 2008

AMSTERDAM - The main index on the Amsterdam exchange AEX dropped sharply on Tuesday with the market sliding after Wall Street opened.

Half an hour before closing time the AEX stood at 472.99 points, down 2.42 percent compared with the opening.

Earlier in the day, a few companies were still managing to show a profit, but after the negative opening of Wall Street, shares of all funds listed on the AEX index went into the red.

The AEX index has been dropping continuously since 2 January, when it stood at 518.27 points.

Dutch analysts have predicted a lower growth of the national economy for 2008. The global credit crisis also appears to be having its effect on the sentiment of Dutch investors and consumers.

A poll conducted by the Dutch umbrella organisation for real estate agents VBO, published on Tuesday, said most Dutch residents are pessimistic about home sales and real estate prices.

A large majority expects private residences to be on sale for longer periods of time. Sellers fear they will be forced to settle for lower sales prices.

[Copyright dpa 2008]

Subject: Dutch news

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