BEL 20

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BEL 20
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 Brussels Stock Exchange.

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 Argenx.

Rules

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

Belgacom (now rebranded Proximus) payphone in Lebbeke.

The following 19 stocks make up the BEL 20 as of 15 June 2018.

Company ICB Sector Ticker symbol Index weighting (%)[1]
Ackermans & van Haaren Financial Services ACKB 2.75
Ageas Insurance AGS 5.51
AB InBev Food and Beverage ABI 11.40
Aperam Basic Resources APAM 1.53
Bpost Industrial Goods and Services BPOST 1.70
Cofinimmo Real Estate COFB 1.67
Colruyt Retail COLR 2.22
Engie Utilities ENGI 12.58
Galapagos Health Care GLPG 1.98
GBL Financial Services GBLB 5.46
ING Group Banks INGA 12.48
KBC Banks KBC 12.46
Ontex Group Personal and Household Goods ONTEX 1.59
Proximus Telecommunications PROX 3.74
Sofina Financial Services SOF 1.55
Solvay Chemicals SOLB 6.99
Telenet Group Media TNET 2.33
UCB Health Care UCB 6.11
Umicore Chemicals UMI 4.65
  • ^1 - Weightings accurate on 30 June 2017.[4]

Former companies in the BEL20

Company ICB Sector Ticker symbol Removal Date
Almanij banks ALMB 3 March 2005[5]
Electrabel electricity ELE 15 November 2005[6]
Barco electronic equipment BAR 1 March 2007[7]
Agfa-Gevaert electronic equipment AGFB 2 March 2009[8]
NPM/CNP specialty finance NAT 2 May 2011[9]
Omega Pharma pharmaceuticals OME 29 December 2011[10]
Dexia banks DEXB 19 March 2012[11]
Befimmo-Sicafi industrial and office REITs BEFB 18 March 2016[12]
Delta Lloyd insurances DL 18 March 2016[12]
D'Ieteren consumer services DIE 18 March 2016[12]
Ahold Del retail AD 17 March 2017[13]
Elia utilities ELI 17 March 2017[13]
Bekaert industrial goods and services BEKB 19 March 2018[14]
Ablynx pharmaceuticals ABLX 13 June 2018

References

  1. ^ "BEL-20 Executive Presentation 2010" (PDF). Euronext. Archived from the original (PDF) on 9 November 2011. Retrieved 2010-12-31. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  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. ^ "BEL20: KBC-Almanij Merger" (PDF). Euronext. Archived from the original (PDF) on 20 March 2009. Retrieved 30 November 2007. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  6. ^ "Suez replaces Electrabel in the BEL20 Index" (PDF). Euronext. Archived from the original (PDF) on 20 March 2009. Retrieved 4 December 2007. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  7. ^ "Annual review of the BEL20 Index" (PDF). Euronext. 15 January 2007. Archived from the original (PDF) on 20 March 2009. Retrieved 30 November 2007. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  8. ^ "Annual review of BEL20 index" (PDF). Euronext. 31 May 2011. Archived from the original (PDF) on 9 November 2011. Retrieved 22 June 2011. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  9. ^ "Index Announcement" (PDF). NYSE Euronext. 29 April 2011. Retrieved 8 May 2011.
  10. ^ "Omega Pharma verdwijnt uit Bel20 na geslaagd bod Marc Coucke". Trends (in Dutch). 27 December 2011. Retrieved 12 January 2013.
  11. ^ "Dexia valt uit Bel20". De Standaard (in Dutch). 2 January 2012. Retrieved 12 January 2013.
  12. ^ 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.
  13. ^ a b "Nieuwkomer Aperam samen met Sofina naar Bel20". beursduivel.be (in Dutch). 7 March 2017. Retrieved 7 March 2017.
  14. ^ "Bekaert verdwijnt uit Bel20" [Bekaert disappears from Bel20]. standaard.be (in Dutch). 7 March 2018. Retrieved 15 June 2018.

External links