Brussels shares TFN market data at 10.19 am; Brantano, Mitiska jump on bid offer

Brussels shares TFN market data at 10.19 am; Brantano, Mitiska jump on bid offer

	Published : Mon, 29 Oct 2007 10:20 By : Agencies Print this Story

BRUSSELS (Thomson Financial) - Brussels shares TFN market data at 10.19 am:

Main index

-Bel 20 up 33.11 points or 0.75 pct at 4,432.32

Bel 20 gainers

-Cofinimmo up 2.97 eur or 2.30 pct at 131.87 following nine-month results last Friday, which saw net profit up to 126.1 mln eur from 86.6 mln on significant assets disposal, FY dividend forecast up 4 pct. Dexia maintains 'neutral', 138 eur target. ING maintains 'hold', 137 eur target, saying are sults not that bad but higher guidance not that rosy'.

-Dexia up 0.31 eur or 1.47 pct at 21.44

-Umicore up 2.19 eur or 1.24 pct at 187.77 following Nyrstar's IPO, which raises 700 mln eur for Umicore. KBC maintains 'buy', 180 eur target price. ING keeps 'buy', 194 eur target.

-KBC up 1.19 eur or 1.27 pct at 94.83

-InBev up 0.79 eur or 1.21 pct at 66.32. UBS increases target to 76 eur from 70, maintains 'buy'.

-Suez up 0.26 eur or 0.58 pct at 45.26

-Solvay up 0.45 eur or 0.44 pct at 103.65. Lehman ups target price to 115 eur from 114, reiterates 'equal-weight' following last Friday's Q3 results. Citigroup ups target to 90 eur from 85, maintains 'sell'.

-Mobistar up 0.10 eur or 0.16 pct at 62.70. Cut to are duce' from 'hold' at Petercam on CEO departure. Exane BNP Paribas maintains 'outperform'. Dexia keeps 'buy', 73.5 eur target. ING maintains 'hold', 63 eur target.

Bel 20 fallers

-Agfa-Gevaert down 0.42 eur or 4.44 pct at 9.03. One trader says the stock currently has poor fundamentals and 'expects more bad news' when Q3 results are released on Wed. KBC securities maintains are duce' rating ahead of results, following profit warning earlier this month.

-Fortis down 0.01 eur or 0.05 pct at 22.16

Outside the Bel 20

-Brantano up 11.39 eur or 26.80 pct at 53.89 following Macintosh Retail 55 eur per share takeover bid. KBC changes rating to 'accept the offer' from 'accumulate', ups target price to 55 eur from 45. Petercam downgrades to 'hold' from 'buy', advises to accept offer. Macintosh spokesman sees no redundancies, could even see company growing.

-Mitiska up 1.20 eur or 10.62 pct at 12.50

-Nyrstar up 0.08 eur or 0.40 pct at 20.08 following IPO at 20 eur this morning. Euronext said Nyrstar is on course for listing on the blue-chip Bel 20 index on March 1, 2008.

-Option up 0.19 eur or 3.00 pct at 6.52 recovering part of last week's losses.

phil.mccomish@thomson.com

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