The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. Started in 1983, the index is composed of a maximum of 30 of the most frequently traded securities on the exchange. It is one of the main national indices of the stock exchange group Euronext alongside Euronext Brussels' BEL20, Euronext Dublin's ISEQ 20, Euronext Lisbon's PSI-20, the Oslo Bors OBX Index, and Euronext Paris's CAC 40.
History
The AEX started from a base level of 100 index points on 3 January 1983 (a corresponding value of 45.378 is used for historic comparisons due to the adoption of the Euro). The index's peak to date was set on 26 October 2021 816.91 After the dot-com bubble in 1999, the index value more than halved over the following three years before recovering in line with most global financial markets.
The AEX index dealt with its second largest one-day loss on March 12, 2020, when the index closed down almost 11% during the coronavirus pandemic.
The AEX index enjoyed its third largest one-day loss on September 29, 2008, when the index closed down almost 9%. The decade between 1998 and 2008 was bad for the AEX index, as it was the worst performing stock index except for the OMX Iceland 15. The preceding years were a lot better compared to the rest of the world.
Annual returns
The following table shows the annual development of the AEX index since 1983.
{| class="wikitable sortable" style="text-align:right;"
!Year
!Closing level
!Change in index<br />in points
!Change in index<br />in %
|-
| 1983 || 73.21 || ||
|-
| 1984 || 85.75 || 12.54 || 17.13
|-
| 1985 || 121.50 || 35.75 || 41.69
|-
| 1986 || 114.69 || −6.81 ||style="color:red"| −5.60
|-
| 1987 || 77.87 || −36.82 ||style="color:red"| −32.10
|-
| 1988 || 117.68 || 39.81 || 51.12
|-
| 1989 || 136.59 || 18.91 || 16.07
|-
| 1990 || 104.01 || −32.58 ||style="color:red"| −23.85
|-
| 1991 || 125.72 || 21.71 || 20.87
|-
| 1992 || 129.71 || 3.99 || 3.17
|-
| 1993 || 187.99 || 58.28 || 44.93
|-
| 1994 || 188.08 || 0.09 || 0.05
|-
| 1995 || 220.24 || 32.16 || 17.10
|-
| 1996 || 294.16 || 73.92 || 33.56
|-
| 1997 || 414.61 || 120.45 || 40.95
|-
| 1998 || 538.46 || 123.85 || 29.87
|-
| 1999 || 671.41 || 132.96 || 24.69
|-
| 2000 || 637.60 || −33.81 ||style="color:red"| −5.04
|-
| 2001 || 506.78 || −130.82 ||style="color:red"| −20.52
|-
| 2002 || 322.73 || −184.05 ||style="color:red"| −36.32
|-
| 2003 || 337.65 || 14.92 || 4.62
|-
| 2004 || 348.08 || 10.43 || 3.09
|-
| 2005 || 436.78 || 88.70 || 25.48
|-
| 2006 || 495.34 || 58.56 || 13.41
|-
| 2007 || 515.77 || 20.43 || 4.12
|-
| 2008 || 245.94 || −269.83 ||style="color:red"| −52.32
|-
| 2009 || 335.33 || 89.39 || 36.35
|-
| 2010 || 354.57 || 19.24 || 5.74
|-
| 2011 || 312.47 || −42.10 ||style="color:red"| −11.87
|-
| 2012 || 342.71 || 30.24 || 9.68
|-
| 2013 || 401.79 || 59.08 || 17.24
|-
| 2014 || 424.47 || 22.68 || 5.64
|-
| 2015 || 441.82 || 17.35 || 4.09
|-
| 2016 || 483.17 || 41.35 || 9.36
|-
| 2017 || 544.58 || 61.41 || 12.71
|-
| 2018 || 487.88 || −56.70 ||style="color:red"| −10.41
|-
| 2019 || 604.58 || 116.70 || |23.92
|-
| 2020 || 624.61 || 20.03 || 3.31
|-
| 2021 || 797.93 || 173.32 || 27.75
|-
| 2022 || 689.01 || -108.92 ||style="color:red"| -13.65
|-
| 2023 || 786.82 || 97.81 || 14.20
|-
| 2024 || 878.63 || 91.81 || 11.67
|}<!-- Please only delete this line once the appropriate category has been created within Category:Companies by stock market index -->
Rules
Selection
As of 2011, the AEX index composition is reviewed four times a year - a full "annual" review in March and interim "quarterly" reviews in June, September and December. Any changes made as a result of the reviews take effect on the third Friday of the month. Previously reviews were held in March and September only. Prior to 2008, index changes were made only annually in March.
At the main March review date, the 23 companies listed on Euronext Amsterdam's regulated market with the highest share turnover (in Euros) over the previous year are admitted to the index. but range freely with share price subsequently. The index weights are calculated with respect to the closing prices of the relevant companies on March 1. At the interim reviews, weightings after adjustment are left as close as possible to those of the previous day and are not re-capped.
!AEX Index (FTI)
!
|-
|Contract Size:
|200 EURO x AEX Index Points
|-
|Exchange:
|EUREID
|-
|Sector:
|Index
|-
|Tick Size:
|0.05
|-
|Tick Value:
|10 EUR
|-
|Big Point Value (BPV):
|200
|-
|Denomination:
|EUR
|-
|Decimal Place:
|2
|}
Composition
The index is composed of the following listings as of December 31, 2024.
{| class="wikitable sortable" id="constituents" style="text-align: center;" cellpadding=2 cellspacing=2
|-
! Ticker !! Company !! ICB Sector !! Index weighting (%)
|-
| ABN.AS || ABN AMRO || Financials || 0.78
|-
| ADYEN.AS || Adyen || Industrials || 4.82
|-
| AGN.AS || Aegon || Financials || 0.89
|-
| AD.AS || Ahold Delhaize || Consumer Staples || 3.41
|-
| AKZA.AS || AkzoNobel || Basic Materials || 1.13
|-
| MT.AS || ArcelorMittal || Basic Materials || 1.09
|-
| ASM.AS || ASM International || Technology || 2.99
|-
| ASML.AS || ASML Holding || Technology || 11.43
|-
| ASRNL.AS || ASR Nederland || Financials || 0.77
|-
| BESI.AS || BE Semiconductors || Technology || 1.16
|-
| DSFIR.AS || DSM Firmenich AG || Consumer Staples || 2.37
|-
| EXO.AS || Exor || Financials || 1.06
|-
| HEIA.AS || Heineken || Consumer Staples || 2.25
|-
| IMCD.AS || IMCD || Basic Materials || 0.93
|-
| INGA.AS || ING Group || Financials || 5.73
|-
| KPN.AS || KPN || Telecommunications || 1.58
|-
| NN.AS || NN Group || Financials || 1.30
|-
| PHIA.AS || Philips || Health Care || 2.16
|-
| PRX.AS || Prosus || Technology || 6.39
|-
| RAND.AS || Randstad || Industrials || 0.42
|-
| REN.AS || RELX || Consumer Discretionary || 9.38
|-
| SHELL.AS || Shell plc || Energy || 14.92
|-
| UMG.AS || Universal Music Group || Consumer Discretionary || 2.05
|-
| UNA.AS || Unilever || Consumer Staples || 16.46
|-
| WKL.AS || Wolters Kluwer || Consumer Discretionary || 4.54
|}
See also
- AMX index, the market index of the next 25 largest funds on Euronext Amsterdam.
- AScX index, market index of 20 small caps on Euronext Amsterdam.
References
External links
- Official Quote for the Index (Euronext website)
- Bloomberg page for AEX:IND
- Reuters page for .AEX
