Stock market update: AB InBev puts Brussels in the red

Image: Euronext

(ABM FN) The Brussels stock exchange opened in red on Thursday morning. Beer giant AB InBev was unable to profit from the figures presented and put pressure on the main index. More precisely, the Bel20 lost 0.1 percent to 4,228.11 points.

Index heavyweight AB InBev fell a staggering 7.3 percent despite increased volumes and revenues. However, the profit of the brewer was slightly below analyst expectations.

Aperam topped the main index with a gain of 1.7 percent.

UCB gained 1.2 percent after good figures, Solvay and Telenet also presented their quarterly results, on which investors put the shares 0.8 and 0.1 percent higher, respectively.

Argen-X also opened the books and lost 0.2 percent.

In the second row, Barco added 1.6 percent, Ontex still opened in green, but then fell all the way to the last place in the BelMid index with a loss of 1.1 percent. The diaper manufacturer published weak results and is suffering from higher commodity prices.

In the BelSmall index, Nyrstar gained 3.7 percent and Nyxoah fell 1.6 percent.

ABMFNABM Financial News; [email protected]; Redactie: +31(0)20 26 28 999.

From Beursplein 5, the editors of ABM Financial News keep a close eye on developments on the stock exchanges, and the Amsterdam stock exchange in particular. The information in this column is not intended as professional investment advice or as a recommendation to make certain investments.


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