BEL 20

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BEL 20
BEL20.png
BEL 20 performance between 1990 and 2012
Foundation30 December 1990
OperatorEuronext
ExchangesEuronext Brussels
Constituents20
TypeLarge cap
Market cap214.18 billion (end 2010)[1]
Weighting methodCapitalization-weighted
Websitewww.euronext.com

The BEL 20 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, with the exception a one month period in May-June 2018 when Ablynx stock was removed following the takeover by Sanofi [2], only to be replaced mid June by arGEN-X.

Rules[edit]

The composition of the BEL 20 index is reviewed annually based on closing prices on the last Friday in February.[3] These changes are effective after the third Friday of 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.[3] 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.[3] The minimum requirement for an existing constituent to remain in the index is a market cap of 200000 times the index value.[3] At each annual review, the weights of companies in the index are capped at 15%,[3] but range freely with share price subsequently. The BEL20 is a capitalization-weighted index. Its record high is 4756,82 set on 23 May 2007.

Constituents[edit]

Belgacom (now rebranded Proximus) payphone in Lebbeke.

The following 20 stocks make up the BEL 20 as of 15 February 2019.

Company ICB Sector Ticker symbol Index weighting (%)[1] In index since
Ackermans & van Haaren Financial Services ACKB 2.74 March 2007
Ageas Insurance AGS 6.57 March 1991
AB InBev Food and Beverage ABI 9.17 February 2002
Aperam Basic Resources APAM 1.05 March 2017
arGEN-X Chemistry & pharmaceuticals ARGX 2.72 June 2018
Barco electronic equipment BAR March 2019
Cofinimmo Real Estate COFB 2.04 January 2003
Colruyt Retail COLR 3.32 January 1993
Galapagos Health Care GLPG 2.91 March 2016
GBL Financial Services GBLB 5.45 March 1991
ING Group Banks INGA 9.75 March 2016
KBC Banks KBC 11.27 January 1993
Ontex Group Personal and Household Goods ONTEX 1.05 March 2016
Proximus Telecommunications PROX 3.19 March 2004
Sofina Financial Services SOF 2.27 March 2017
Solvay Chemicals SOLB 5.74 March 1991
Telenet Group Media TNET 1.91 March 2009
UCB Health Care UCB 8.00 March 1991
Umicore Chemicals UMI 6.48 March 1991
WDP Real Estate WDP March 2019
  • ^1 - Weightings accurate on 15 February 2019.[4]

Former companies in the BEL20[edit]

Company ICB Sector Ticker symbol Period in BEL20
Ablynx pharmaceuticals ABLX March 2018 - June 2018
Agfa-Gevaert electronic equipment AGFB March 1991 - December 1994
June 1999 - March 2009[5]
Almanij banks No longer listed March 1991 - March 2005[6]
BarcoNet electronic equipment November 2000 - November 2000
Befimmo-Sicafi industrial and office REITs BEFB March 2009 - March 2016[7]
Bekaert industrial goods and services BEKB January 1993 - June 1999
December 1999 - March 2018[8]
Bpost Industrial Goods and Services BPOST March 2014 - March 2019
CBR Cement No longer listed March 1991 - December 1999
CMB Shipowners No longer listed January 1993 - January 1999
CNP Specialty finance NAT March 2006 - May 2011[9]
Cockerill-Sambre Steel No longer listed December 1994 - December 1996
Cobepa Investment company No longer listed January 1999 - September 2000
Cumerio Copper 2005
Delhaize Group retail AD March 1991 - March 2017[10]
Delta Lloyd Insurance DL March 2013 - March 2016[7]
Dexia Banking No longer listed December 1997 - March 2012[11]
D'Ieteren Consumer services DIE July 1998 - March 2006
March 2012 - March 2016[7]
Electrabel Electricity ELE March 1991 - November 2005[12]
Elia Utilities ELI March 2012 - March 2017[10]
Engie Utilities ENGI November 2005 - March 2019
Generale Bank Banking No longer listed March 1991 - July 1998
GIB Group Supermarkets No longer listed March 1991 - November 2002
IBA Medical technology No longer listed November 1999 - March 2003
Mobistar Telecom OBEL November 2002 - March 2013
Nyrstar Metallurgy NYR March 2008 - March 2009
June 2011 - March 2013
Omega Pharma Pharmaceuticals OME March 2002 - December 2011[13]
Petrofina Oil No longer listed March 1991 - June 1999
Real Software Technology No longer listed June 1999 - February 2002
Recticel Polyurethane based products REC March 1991 - January 1993
Royale Belge Insurance No longer listed March 1991 - June 1998
Société Générale de Belgique Investment & Banking No longer listed March 1991 - July 1998
Suez Environnement Utility company 2008
Telindus ICT No longer listed September 2000 - March 2002
Tessenderlo Chemistry TESB March 1991 - January 1993
July 1998 - March 2004
ThromboGenics Biopharmaceuticals THR March 2013 - March 2014
Tractebel Energy No longer listed March 1991 - November 1999

References[edit]

  1. ^ "BEL-20 Executive Presentation 2010" (PDF). Euronext. Archived from the original (PDF) on 9 November 2011. Retrieved 2010-12-31.
  2. ^ "Frans bedrijf Sanofi neemt Ablynx over voor 3,9 miljard euro: "Voorzichtig tevreden, al blijven er heel wat vragen"" [French company Sanofi takes over Ablynx for 3,9 billion euro: "Cautiously happy, although many questions remain"]. demorgen.be. 29 January 2018. Retrieved 15 June 2018.
  3. ^ a b c d e "Rules for the BEL 20-Index" (PDF). Euronext. 1 October 2015. Retrieved 1 October 2015.
  4. ^ "BEL 20 Factsheet" (PDF). Euronext. Retrieved 30 June 2017.
  5. ^ "Annual review of BEL20 index" (PDF). Euronext. 31 May 2011. Archived from the original (PDF) on 9 November 2011. Retrieved 22 June 2011.
  6. ^ "BEL20: KBC-Almanij Merger" (PDF). Euronext. Archived from the original (PDF) on 20 March 2009. Retrieved 30 November 2007.
  7. ^ a b c "Galapagos, ING en Ontex komen in de Bel-20-index" [Galapagos, ING and Ontex enter the Bel-20-index]. de tijd (in Dutch). 4 March 2016. Retrieved 4 March 2016.
  8. ^ "Bekaert verdwijnt uit Bel20" [Bekaert disappears from Bel20]. standaard.be (in Dutch). 7 March 2018. Retrieved 15 June 2018.
  9. ^ "Index Announcement" (PDF). NYSE Euronext. 29 April 2011. Retrieved 8 May 2011.
  10. ^ a b "Nieuwkomer Aperam samen met Sofina naar Bel20". beursduivel.be (in Dutch). 7 March 2017. Retrieved 7 March 2017.
  11. ^ "Dexia valt uit Bel20". De Standaard (in Dutch). 2 January 2012. Retrieved 12 January 2013.
  12. ^ "Suez replaces Electrabel in the BEL20 Index" (PDF). Euronext. Archived from the original (PDF) on 20 March 2009. Retrieved 4 December 2007.
  13. ^ "Omega Pharma verdwijnt uit Bel20 na geslaagd bod Marc Coucke". Trends (in Dutch). 27 December 2011. Retrieved 12 January 2013.

External links[edit]