The Brussels stock exchange was unable to reverse the downward trend on Thursday. After the severe relapse of the previous day, the Bel20 index dropped an additional 0.37 percent to 3,036.59 points.
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There was a loss in the index values mainly for Telenet, which fell 3.55 percent to 31.54 euros. The telecom and media group nevertheless wants to pay a dividend of at least 2.75 euros in the coming years. That replaces its original plan to distribute 50 to 70 percent of the adjusted free cash flow. For 2020 it will already be 2.75 euros: half as an advance in December, the other half as a final dividend in May next year. In the third quarter, the company’s turnover fell by 2 percent to 638 million euros, the adjusted operating cash flow fell 5 percent to 343.1 million euros.
Galapagos also lost more than 3 percent. The biotech title was cut 2.72 percent to 100.30 euros.
In the second row, Biocartis was hit by 19.98 percent at a closing price of 3.33 euros. In the late afternoon, trading in the stock was suspended, and after the exchange the diagnostics company confirmed that the collaboration with the American Exact Sciences for the development of a rapid breast cancer test will be discontinued.
With the large stocks, the profit was mainly for Barco and WDP, both of which lost more than 3 percent. The visualization group rebounded 3.37 percent to 13.19 euros. The real estate investor increased 3.14 percent to 28.24 euros.
AB InBev ticked 0.51 percent higher at EUR 45.49. The brewer sold 146.6 million hectoliters of beer during the third quarter. That was 1.9 percent more than in the same period of 2019. Revenue increased by 4 percent to $ 12.8 billion. Underlying profit evolved from $ 1.87 billion to $ 1.60 billion. Nevertheless, the company decided not to pay an interim dividend this year and to keep the money in cash.
At the smaller values, Bone Therapeutics became worth 7.63 percent more at a closing price of 2.82 euros. The biotech company sells a production facility in Charleroi to Catalent Pharma Solutions, USA. After repayment of a loan of 3 million and existing obligations of 3 million euros, she still has 6 million euros to reinforce her research into the treatment of bone problems.
Shurgard ticked 2.80 percent higher to 36.70 euros. The adjusted net current profit of the storage space manager rose in the third quarter by 8.3 percent to 31.7 million euros.
Sioen climbed 2.52 percent to 18.30 euros. However, the listing was halted in the course of trading. This allowed the family reference shareholders to announce their intention to exit the stock exchange. They offer 23 euros per title that they do not yet own.
Befimmo rose 0.45 percent to 33.35 euros. The real estate investor maintains its forecast to pay out a dividend of 2.24 euros for 2020. EUR 1.68 of this will already be paid in December. The real estate fund saw its net current profit fall from 64.3 million euros to 61.8 million euros in the first nine months.
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