BEL20
| BEL-20 | |
|---|---|
| Foundation | 30 December 1990 |
| Operator | Euronext |
| Exchanges | Euronext Brussels |
| Constituents | 20 |
| Type | Large cap |
| Market cap | €214.18 billion (end 2010)[1] |
| Weighting method |
Market value-weighted |
| Website | [1] |
The BEL20 is the benchmark stock market index of Euronext Brussels. In general, the index consists of a minimum of 10 and a maximum of 20 companies traded at the Brussels Stock Exchange. Since 20 June 2011, the BEL20 has contained 20 listings.
Contents |
[edit] Rules
The composition of the BEL20 index is reviewed annually based on closing prices at the end of the calendar year.[2] These changes are effected on the first trading day of every March. In addition to meeting a set of criteria demanding a company be "representative of the Belgian equity market", at least 15% of its shares must be considered free float in order to qualify for the index.[2] In addition, a candidate for inclusion must possess a free float market capitalisation (in Euros) of at least 300000 times the price of the index on the last trading day of December.[2] The minimum requirement for an existing constituent to remain in the index is a market cap of 200000 times the index value.[2] At each annual review, the weights of companies in the index are capped at 15%,[2] but range freely with share price subsequently. The BEL20 is a market value-weighted index.
[edit] Constituents
The following 20 stocks make up the BEL20 index after the interim review effective on 20 June 2011.[3] The September 2011 review saw no changes to the index.
| Company | ICB Sector | Ticker symbol | Index weighting (%)[2] |
|---|---|---|---|
| Ackermans & van Haaren | diversified industrials | ACKB | 2.21 |
| Ageas | life insurance | AGS | 6.93 |
| Anheuser-Busch InBev | brewers | ABI | 12.08 |
| Befimmo-Sicafi | industrial and office REITs | BEFB | 1.29 |
| Bekaert | diversified industrials | BEKB | 3.41 |
| Belgacom | fixed line telecommunications | BELG | 5.54 |
| Cofinimmo | industrial and office REITs | COFB | 1.80 |
| Colruyt | food retailers and wholesalers | COLR | 4.32 |
| Delhaize Group | food retailers and wholesalers | DELB | 8.11 |
| Dexia | banks | DEXB | 1.92 |
| GBL | specialty finance | GBLB | 7.27 |
| GDF Suez | gas distribution | GSZ | 11.21 |
| KBC Group | banks | KBC | 5.81 |
| Mobistar | mobile telecommunications | MOBB | 2.36 |
| Nyrstar | nonferrous metals | NYR | 2.39 |
| Omega Pharma | pharmaceuticals | OME | 0.88 |
| Solvay | specialty chemicals | SOLB | 9.40 |
| Telenet Group | broadcasting and entertainment | TNET | 2.64 |
| UCB | pharmaceuticals | UCB | 4.23 |
| Umicore | specialty chemicals | UMI | 6.20 |
- ^1 - Weightings accurate on 22 June 2011.
[edit] Former companies in the BEL20
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This section requires expansion with: list. |
| Company | ICB Sector | Ticker symbol | Removal Date |
|---|---|---|---|
| Agfa-Gevaert | electronic equipment | AGFB | 2 March 2009[3] |
| Almanij | banks | ALMB | 3 March 2005[4] |
| Barco | electronic equipment | BAR | 1 March 2007[5] |
| D'Ieteren | specialty retailers | DIE | 1 March 2006[6] |
| Electrabel | electricity | ELE | 15 November 2005[7] |
| NPM/CNP | specialty finance | NAT | 2 May 2011[8] |
[edit] References
- ^ "BEL-20 Executive Presentation 2010". Euronext. http://www.euronext.com/fic/000/048/501/485013.pdf. Retrieved 2010-12-31.
- ^ a b c d e "Rules for the BEL 20-Index" (PDF). Euronext. August 2006. http://www.euronext.com/fic/000/010/716/107167.pdf. Retrieved 30 November 2007.
- ^ a b "Annual review of BEL20 index". Euronext. 31 May 2011. http://www.euronext.com/fic/000/064/677/646770.pdf. Retrieved 22 June 2011.
- ^ "BEL20: KBC-Almanij Merger" (PDF). Euronext. http://www.euronext.com/fic/000/010/342/103428.pdf. Retrieved 30 November 2007.
- ^ "Annual review of the BEL20 Index" (PDF). Euronext. 15 January 2007. http://www.euronext.com/fic/000/015/008/150084.pdf. Retrieved 30 November 2007.
- ^ "(Dutch) D'Ieteren moet plaats ruimen voor NPM". De Standaard. 16 January 2006. http://www.standaard.be/Kanaal/Index.aspx?artikelId=BE398BE6C9D767&kanaalid=112. Retrieved 22 May 2006.
- ^ "Suez replaces Electrabel in the BEL20 Index" (PDF). Euronext. http://www.euronext.com/fic/000/001/883/18831.pdf. Retrieved 4 December 2007.
- ^ "Index Announcement". NYSE Euronext. 29 April 2011. http://www.euronext.com/fic/000/063/966/639666.pdf. Retrieved 8 May 2011.
[edit] External links
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