Heavyweights put brakes on Bel20

(ABM FN) Trading on the Brussels stock exchange is characterized by caution on Monday, on the eve of one of the most important weeks of this year.

Tomorrow the elections for a new president will take place in the US and an interest rate decision from the Federal Reserve is scheduled for Thursday.

The Bel20 fell by 0.2 percent to 4,261 points around half past three, with a special mention for Syensqo, which gained 1.6 percent in the run-up to tomorrow’s quarterly figures.

D’Ieteren fell 0.4 percent after announcing the terms of its 1 billion euro loan, which the holding company has now completed. According to Degroof Petercam, the interest rate was lower and therefore more attractive than expected.

Lotus Bakeries and AB InBev fell 0.7 percent and thus jointly carried the red lantern.

Argenx, which set a series of records last week and was thus rewarded for a quarterly update, fell 0.6 percent on Monday. Barclays, Deutsche Bank and UBS today increased their price targets for Argenx.

UBS also increased the price target for UCB from EUR 180.00 to EUR 200.00. UCB shares barely moved.

Melexis rose 0.5 percent, while Degroof Petercam lowered the price target for Melexis from 85.00 to 65.00 euros. The bank does not see the semiconductor market for cars recovering quickly.

Outside the main index, Bpost fell by 1.2 percent. The Dutch PostNL lowered its outlook for 2024 this morning. According to Degroof Petercam, it is difficult for PostNL to keep its postal activities profitable.

Among the small caps, Biotalys rose 3.2 percent, while Ekopak fell 2.4 percent.

Door: ABM Financial News.
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Bron: ABM Financial News

ABM Financial News is a supplier of stock market news, video and data, both for real-time trading platforms and dealing rooms and for online and offline media publications. The information in this article is not intended as professional investment advice or as a recommendation to make certain investments.