Brussels Stock Exchange – just another Black Friday for Bel20

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Brussels Stock Exchange

Brussels Stock Exchange market was under the Bears’ pressure. Friday ended with Bel20 down 6.4%, at 3.274.19 points. It’s the biggest drop in a single day since the 16th of October 2008, which was during the economic crisis.

All the key indicators for the Brussels Stock Exchange dropped on Friday. ING and KBC were hit the hardest, with respective losses of 14.94% and 13.88%.

All the European financial markets were hit by Brexit. Amsterdam fell by 5.7%, Paris and Frankfort fell by 8%, Milan and Madrid fell by 12%, and London fell by 3.2%.

Banks were the most severely affected everywhere in Europe, especially in London. Lloyds Banking Group fell by 21%, RBS fell by 18% and Barclays fell by 17.7%.

The author: Margareta STROOT

Margareta Stroot, a multi-talented individual, calls Brussels her home. With a unique blend of careers, she balances her time as a part-time journalist and a part-time real estate agent. Margareta's deep-rooted knowledge of the city of Brussels, where she resides, has proven invaluable in both of her roles. Her journalism captures the essence of the city, while her real estate expertise helps others find their perfect homes in the vibrant Belgian capital.

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