Stock market update: Brussels stock exchange holds its ground in the green

(ABM FN) The Brussels stock exchange seems to be taking it easy on Thursday, without support from Wall Street.

The Bel20 index rose by 0.3 percent to 4,228 points around eleven o’clock.

“Traders are preparing for a long weekend,” said investment manager Simon Wiersma of ING, who predicts low turnover on the European stock exchanges. Today is Thanksgiving in the US and Wall Street is closed. Tomorrow, on Black Friday, the American stock market will be open for half a day.

With the end of the year in sight, the analysts’ forecasts for 2025 are coming in. Frank Vranken of Bank Edmond de Rothschild reflected on this for a moment. According to him, ‘overweight the US’ is the guideline, because profit growth is better there and America is more resistant to a trade war. And higher earnings growth also enables a higher valuation.

According to Citi Global Wealth Research and Factset, the S&P500 companies’ revenue exposure to non-U.S. revenue is 41 percent.

The euro/dollar fell to 1.0536.

Risers and fallers

Within the main index there were few notable movers. Melexis was able to hold on to the opening profit. The share posted a gain of 1.4 percent. In Amsterdam, ASML and Besi rose more than 4 percent, now that according to Bloomberg the new sanctions on technology exports to China will be less strict than feared.

KBC gained 1.0 percent, while Solvay was the biggest decliner with a loss of 0.5 percent.

Recticel and DEME won more than one percent. Proximus lost 2.1 percent.

Real estate group Ascencio will announce results on Thursday evening after the stock exchange closes. The share gained 0.1 percent.

Payton Planar Magnetics has achieved more turnover and profit, but saw a sharp decline in its order book, the Israeli tech company with a listing in Brussels announced on Wednesday evening. The Payton Planar share was stable.

Among the small caps, Nextensa achieved a gain of 2.8 percent and CMB.Tech rose by 5.9 percent. Unifiedpost fell by 3.9 percent.

Door: ABM Financial News.
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Bron: ABM Financial News

ABM Financial News is the supplier of stock market news in the Benelux. The information in this article is not intended as professional investment advice or as a recommendation to make certain investments.