(ABM FN) The Brussels stock exchange was in the green on Wednesday afternoon, after a disappointing jobs report from ADP.
The Bel20 index rose by 0.4 percent to 3,368 points.
According to ADP, 113,000 jobs were added in October. That is more than the 89,000 in September, but less than the 130,000 that analysts expected.
Aedifica gained 2.4 percent and index heavyweight Argenx gained 1.7 percent.
Deutsche Bank lowered the price target for AB InBev from 65.00 to 61.00 euros while maintaining its buy recommendation. The brewer’s share was 0.2 percent in the red.
Jefferies analysts warned that UCB’s Bimzelx can count on stiff competition from Novartis’ Cosentyx, now that the American FDA does not require a warning on the package leaflet of this drug. UCB fell 0.2 percent on Wednesday.
Melexis was down 2.1 percent and Elia lost 1.5 percent.
Xior took the lead among medium-sized shares with a gain of 1.7 percent. Agfa-Gevaert lost 3.4 percent.
Unifiedpost stood out among the small caps with a gain of 6.5 percent. Ekopak had to give up 1.1 percent.
Source: 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.
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