Stock Markets July 9, 2026 12:05 PM

Belgian equities close higher as Technology, Financials and Utilities lead gains

BEL 20 posts modest advance; Melexis leads individual winners while crude and Brent retreat

By Jordan Park
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UMI APAM ABI

The BEL 20 index closed up 0.31% on Thursday, with gains concentrated in the Technology, Financials and Utilities sectors. Melexis recorded the largest rise among index components, while several large-cap names ended lower. Commodity markets saw gold strengthen and crude oil and Brent prices decline. Currency pairs were largely unchanged and the U.S. Dollar Index futures eased.

Belgian equities close higher as Technology, Financials and Utilities lead gains
UMI APAM ABI
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Key Points

  • BEL 20 closed up 0.31% with Technology, Financials and Utilities leading sector gains.
  • Melexis was the top gainer on the index, rising 5.20% to 77.85; KBC and Umicore also posted gains while Aperam, Anheuser Busch Inbev and Elia finished lower.
  • Gold futures strengthened sharply, while crude oil and September Brent both declined; currency pairs were largely unchanged and the U.S. Dollar Index futures softened.

Belgian equities ended the trading day higher on Thursday, driven by sector-level strength in Technology, Financials and Utilities. At the close in Brussels the BEL 20 index was up 0.31%.

Among individual components, Melexis NV (EBR:MLXS) led the session, advancing 5.20% - a gain of 3.85 points - to finish at 77.85. KBC Groep NV (EBR:KBC) was also among the stronger performers, adding 1.44% or 1.70 points to close at 119.45. Umicore SA (EBR:UMI) gained 1.32%, or 0.26 points, to end the day at 20.02.

Not all large names participated in the rally. Aperam SA (AS:APAM) was the session's weakest performer on the index, slipping 0.78% or 0.34 points to 43.14 at the close. Anheuser Busch Inbev SA NV (EBR:ABI) declined 0.75%, down 0.52 points to 69.20, and Elia (EBR:ELI) fell 0.66%, or 0.90 points, to 135.40.

Market breadth on the Brussels Stock Exchange was positive, with 50 advancing issues compared with 32 decliners, while 21 stocks finished unchanged.

In commodity markets, August gold futures strengthened, rising 1.31% or 53.55 to $4,135.95 a troy ounce. By contrast, energy contracts weakened: crude oil for August delivery fell 2.01% or 1.48, to $72.04 a barrel, and the September Brent contract declined 1.99% or 1.55 to trade at $76.47 a barrel.

Currency trading remained relatively flat. EUR/USD was effectively unchanged at 1.14, with a recorded move of 0.21%. EUR/GBP showed a minimal change of 0.01% to 0.85. The U.S. Dollar Index futures was down 0.11%, trading at 100.65.


This session combined modest gains in domestic equities with mixed signals from commodities and currency markets. Technology, Financials and Utilities led the upward momentum within the BEL 20, while select heavyweight names finished lower. The day’s commodity and currency moves add context for market participants assessing near-term positioning.

Risks

  • Mixed performance among large-cap components introduces uncertainty for market breadth, as evidenced by notable winners and losers within the BEL 20.
  • Declines in crude oil and Brent prices create uncertainty for energy-related market participants and commodity-sensitive sectors.
  • Shifts in commodity prices and a softer U.S. Dollar Index futures reading could affect investor positioning across sectors exposed to currency and commodity moves.

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