Bel20 records best day in nearly a year as markets rally
The Brussels stock market enjoyed its strongest day in almost a year on Wednesday, as growing hopes of an end to the conflict between the United States and Iran lifted investor confidence.
The Bel20 index surged by 2.9 per cent to close at 5,220 points, marking its best performance since April 2025. The rally followed comments from Donald Trump suggesting a possible de-escalation in the Middle East conflict.
Markets across Europe also rose sharply, with the Euro Stoxx 50 gaining nearly 3 per cent. Falling oil prices and easing bond yields further supported the positive mood among investors.
In Brussels, gains were widespread: 19 of the 20 companies in the Bel20 closed higher. Several posted increases of more than 3 per cent. Banking group KBC Group led the rise, jumping over 5 per cent. Logistics property firm WDP also performed strongly.
On the broader market, pharmaceutical company Hyloris Pharmaceuticals climbed nearly 11 per cent, while imaging firm Agfa-Gevaert gained over 6 per cent after settling a financial dispute.
Not all shares rose. Chemicals group Syensqo was the only Bel20 stock to fall slightly, while hygiene products maker Ontex dropped more than 7 per cent on the second-tier market.
Analysts say investor sentiment remains closely tied to geopolitical developments, with hopes of a resolution to the conflict continuing to drive market movements.
© BELGA PHOTO BENOIT DOPPAGNE
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