Stock Markets February 13, 2026

Brussels Snapshot: BEL 20 Closes Lower as Financials, Materials and Consumer Services Lag

Index slips 0.21% as UCB, Cofinimmo and Aedifica post gains while KBC, Lotus Bakeries and Azelis retreat

By Sofia Navarro
Brussels Snapshot: BEL 20 Closes Lower as Financials, Materials and Consumer Services Lag

Belgian equities finished Friday in negative territory, with the BEL 20 down 0.21% at the close in Brussels. Gains in select healthcare and real estate names contrasted with weakness among lenders, consumer-facing firms and materials-related stocks. Market breadth was modestly positive, with slightly more advancing than declining issues. Commodity and FX moves were mixed, with gold rising sharply and crude oil showing small shifts.

Key Points

  • BEL 20 closed down 0.21% after losses concentrated in Financials, Basic Materials and Consumer Services.
  • Top gainers included UCB SA, Cofinimmo SA and Aedifica; notable decliners were KBC Groep, Lotus Bakeries and Azelis.
  • Market breadth showed 49 advancing stocks, 43 declining and 12 unchanged; commodities and FX were mixed with gold climbing and oil showing small moves.

Belgian equities closed lower on Friday, with the BEL 20 declining 0.21% at the Brussels close as losses in the Financials, Basic Materials and Consumer Services sectors weighed on the market.

Within the BEL 20, UCB SA (EBR:UCB) was the session's strongest performer, finishing up 2.12% - a rise of 5.80 points - to close at 279.50. Cofinimmo SA (EBR:COFB) advanced 1.96%, or 1.75 points, ending the session at 91.25. Aedifica (EBR:AOO) also posted gains, increasing 1.84% or 1.40 points to finish at 77.40.

On the downside, KBC Groep NV (EBR:KBC) led decliners among the benchmark's constituents, sliding 2.71% or 3.15 points to close at 113.25. Lotus Bakeries (EBR:LOTB) fell 2.08%, a decrease of 220.00 points, to end the day at 10,340.00. Azelis Corporate Services NV (EBR:AZE) rounded out the worst performers on the index, slipping 1.80% or 0.18 points to 9.57.

Market breadth on the Brussels exchange showed 49 rising issues versus 43 decliners, while 12 shares finished unchanged.

Several individual stock milestones were recorded during the session. Shares of UCB SA rose to all-time highs, closing up 2.12% at 279.50. Cofinimmo SA reached three-year highs, advancing 1.96% to 91.25. Aedifica traded at 52-week highs after a 1.84% gain to 77.40.

Commodities and currency markets showed mixed moves. Gold futures for April delivery rose 1.74%, gaining 86.31 to trade at $5,034.71 a troy ounce. In oil markets, crude for March delivery fell 0.21% or 0.13 to $62.71 a barrel, while the April Brent contract ticked up 0.06% or 0.04 to $67.56 a barrel.

Foreign exchange pairs were largely unchanged: EUR/USD was flat at 1.19 (0.00%), and EUR/GBP was essentially steady, up 0.13% to 0.87. The US Dollar Index Futures registered a small decline of 0.03%, trading at 96.81.


The session combined selective stock-specific strength with sector-level weakness, leaving the headline index modestly lower at the close in Brussels.

Risks

  • Sector concentration risk: Financials, Basic Materials and Consumer Services underperformed, which could pressure related portfolios tied to those sectors.
  • Commodity price volatility: Significant moves in gold and small shifts in crude and Brent highlight potential uncertainty for commodities-linked sectors.
  • Currency fluctuations: Although EUR/USD and EUR/GBP were largely unchanged in this session, small changes in FX rates and the US Dollar Index futures may influence exporters and importers.

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