Euronext Brussel sharply higher

The market rallied Friday, and Bel20 closed at 4228 points after an increase of 1.7 percent. The index has never gained more in one day since Sep 9, when it was up 1.7 percent. The week as a whole showed a gain of 1.6 percent.

77 shares showed a gain and 33 showed a loss. 11 shares were unchanged and closed at the same price as the previous day. There was no trading in 103 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 0.8 billion.

Montea NV closed at 65.80 euro after a solid gain of 3.8 percent. We must go back to Nov 14. 2023 to find an equally strong rise. That time the stock gained 5.6 percent. It was also high volume. Overall it was traded for 5 millions euro in the stock, which is three times as much as normal daily turnover. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Warehouses De Pauw SA closed at 20.72 euro after posting a gain of 3.0 percent. We must go back to May 15 to find an equally strong rise. That time the stock gained 4.3 percent. It does, however, not look good technically. The stock is trend wise negative in the medium term, has resistance at 22.60 euro and a further decline is indicated.
Elia Group SA/NV rose sharply to close at 87.20 euro, up 3.4 percent. The stock has never gained more in one day since Aug 13, when it was up 3.5 percent. Technically it also looks good. The stock is trend wise negative in the medium term, but has marginally broken up through resistance at 87.00 euro.
Cofinimmo ended with a solid gain of 2.6 percent and closed at 56.30 euro. We must go back to Sep 5 to find an equally strong rise. That time the stock gained 3.1 percent. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.
GALAPAGOS ended with a solid gain of 5.9 percent and closed at 25.38 euro. The stock has never gained more in one day since Oct 7, when it was up 6.7 percent. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.

Most traded Friday

ING GROEP N.V.206.07
SAINT GOBAIN137.43
AB INBEV85.05
ENGIE75.39
AHOLD DEL56.12
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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