Signify: dim performance means stock is leaving AEX index

(CercleFinance.com) - Signify will exit the AEX from the evening of Friday 27 March after barely two years on the Amsterdam Stock Exchange's flagship index, Euronext announced last night.


The lighting specialist, whose financial performance has regularly been dim, will be replaced from Monday 20 March by banking group ABN Amro, which will return to the AEX after a two-year absence.

These announcements had no real significance, however, with Signify shares actually up 0.3% in late Wednesday morning trading, while ABN Amro shares were actually down 0.1%.

After a 37% decline in its share price over the past two years, Signify's valuation has now fallen to 4.3 billion euros.

In contrast, ABN Amro's valuation has more than doubled in recent years, from its lows in the spring of 2020, to a market capitalisation of 7.5 billion euros.


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