European stock markets: the BEL20 remains positive thanks to ArgenX

European stock markets: the BEL20 remains positive thanks to ArgenX
European stock markets: the BEL20 remains positive thanks to ArgenX

European stock markets ended down on Friday, disappointed by the weakness of activity in the euro zone in June according to the PMI indices and still in uncertainty over the elections in France.

Paris fell by 0.56%, Frankfurt 0.50%, London of 0.42% and Milan of 1.09%. For the week, however, the results are positive, with gains of at least 0.9%, but which do not compensate for the significant losses of last week.

The Stock Exchange Brussels narrowly avoided a loss this Friday. The BEL20 index rose 0.12% to 3,894.05 points at the close. However, only six stocks in the index advanced. Twelve lost ground, and one retreated in place.

The progression came mainly from Argenx. The index heavyweight rose 3.65% to 371.80 euros. Investors were apparently confident about the decision of the US drug regulator, who must decide whether the biotech company’s drug Vyvgart can also be used in the US to treat the muscle disease CIDP.

Among the elite stocks, Umicore had to decline after recovering in recent days. The metallurgical group closed down 3.93% to 14.19 points. Syensqo has also seen better days. The chemical group lost 1.75% to 88.12 euros.

On the general market, Fluxys fell another 3.33% to 17.40 euros, following a European compromise aimed at banning the transit of Russian gas. The company has a major center in Zeebrugge where it receives a lot of Russian gas and then distributes it.

Fluxys falls on the stock market after the announcement of new European sanctions against Russia

Care Property Invest lost 2.39% at the closing price of 13.08 euros. The social real estate investor has appointed Patrick Couttenier as general manager. He will succeed Peter van Heukelom on January 1, 2025, whose term expires at the end of this year.

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