The Amsterdam club’s shares jumped by 7.8% at close after news of their 4-1 drubbing of Real, which saw the Spanish defending champions crash out of the competition on Tuesday night.

Ajax’s stocks opened at 16.25 euros (US$18.37) a share, up 5.8% from its close on Tuesday. Shortly after opening it jumped as high as 17 euros, attributed by financial analysts to the club’s win.

The share price, however, flattened out later in the day to close at 16.55 euros a share.

Ajax were the only Dutch club to list on the Amsterdam stock exchange, in 1998, and posted a profit of 20.3 million euros after the first half of the 2018-2019 football season, according to Dutch trading website Beurs.nl.

Turnover over the same period rose from 56 million euros to 104.3 million euros, the website added.

Apart from taking part in the lucrative Champions League, Ajax also this year saw a number of high-earning transfers including that of Frenkie de Jong.

The talented Ajax midfielder is set to join Barcelona in July for 75 million euros.