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Brussels shares close lower on thin trade; Suez heads fallers UPDATE


Published : Mon, 31 Dec 2007 14:37
By : Agencies
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(Updates with full report)

BRUSSELS (Thomson Financial) - Shares closed lower on thin trade ahead of the New Year, with utility Suez heading the blue-chip fallers.

At the close, the Bel 20 was down 19.72 points or 0.48 pct at 4,127.47.

Suez was down 0.97 eur or 2.06 pct at 46.20 eur. Mobile telecoms group Mobistar fell 0.92 eur or 1.46 pct to 62.25 eur.

For the heavyweight financials, Fortis was down 0.23 eur or 1.26 pct at 18.01 eur and Dexia fell 0.06 eur or 0.35 pct to 17.23 eur. KBC Group was up 0.32 eur or 0.33 pct at 96.20 eur.

Brewer InBev was down 0.38 eur or 0.66 pct at 57.00 eur.

For the gainers, Omega Pharma was up 0.97 eur or 2.08 pct at 47.70 eur after the healthcare group said it has bought back an additional 516,000 shares.

KBC Securities' analyst Nathalie Sierens cited a Euronext transparency filing which showed that Omega Pharma's buyback brings the total number of treasury shares held to 1.3 mln or 5.1 pct of capital.

Supermarket group Delhaize climbed 1.12 eur or 1.90 pct to 60.20 eur.

Outside the Bel 20, Nyrstar was up 0.05 eur or 0.30 pct at 16.45 eur. Greenlight Capital has increased its stake in the zinc group to 5.00 pct from 3.54 pct, Belgian daily Le Soir reported at the weekend citing Euronext Brussels.

simon.zekaria@thomson.com

sz/sz/ejb

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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