BEL 20

BEL 20
BEL 20 performance between 1990 and 2012
Foundation 30 December 1990
Operator Euronext
Exchanges Euronext Brussels
Constituents 20
Type Large cap
Market cap €214.18 billion (end 2010)[1]
Weighting method Capitalization-weighted
Website www.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.

CompanyICB SectorTicker symbolIndex weighting (%)
Ackermans & van HaarenFinancial ServicesACKB2.75
AgeasInsuranceAGS5.51
AB InBevFood and BeverageABI11.40
AperamBasic ResourcesAPAM1.53
BpostIndustrial Goods and ServicesBPOST1.70
CofinimmoReal EstateCOFB1.67
ColruytRetailCOLR2.22
EngieUtilitiesENGI12.58
GalapagosHealth CareGLPG1.98
GBLFinancial ServicesGBLB5.46
ING GroupBanksINGA12.48
KBCBanksKBC12.46
Ontex GroupPersonal and Household GoodsONTEX1.59
ProximusTelecommunicationsPROX3.74
SofinaFinancial ServicesSOF1.55
SolvayChemicalsSOLB6.99
Telenet GroupMediaTNET2.33
UCBHealth CareUCB6.11
UmicoreChemicalsUMI4.65

  • ^1 - Weightings accurate on 30 June 2017.[4]

Former companies in the BEL20

CompanyICB SectorTicker symbolRemoval Date
AlmanijbanksALMB3 March 2005[5]
ElectrabelelectricityELE15 November 2005[6]
Barcoelectronic equipmentBAR1 March 2007[7]
Agfa-Gevaertelectronic equipmentAGFB2 March 2009[8]
NPM/CNPspecialty financeNAT2 May 2011[9]
Omega PharmapharmaceuticalsOME29 December 2011[10]
DexiabanksDEXB19 March 2012[11]
Befimmo-Sicafiindustrial and office REITsBEFB18 March 2016[12]
Delta LloydinsurancesDL18 March 2016[12]
D'Ieterenconsumer servicesDIE18 March 2016[12]
Ahold DelretailAD17 March 2017[13]
EliautilitiesELI17 March 2017[13]
Bekaertindustrial goods and servicesBEKB19 March 2018[14]
AblynxpharmaceuticalsABLX13 June 2018

References

  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. 1 2 3 4 5 "Rules for the BEL 20-Index" (PDF). Euronext. 1 October 2015. Retrieved 1 October 2015.
  4. ↑ "BEL 20 Factsheet" (PDF). Euronext. Retrieved 2017-06-30.
  5. ↑ "BEL20: KBC-Almanij Merger" (PDF). Euronext. Archived from the original (PDF) on 20 March 2009. Retrieved 30 November 2007.
  6. ↑ "Suez replaces Electrabel in the BEL20 Index" (PDF). Euronext. Archived from the original (PDF) on 20 March 2009. Retrieved 4 December 2007.
  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.
  8. ↑ "Annual review of BEL20 index" (PDF). Euronext. 31 May 2011. Archived from the original (PDF) on 9 November 2011. Retrieved 22 June 2011.
  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). January 2, 2012. Retrieved 12 January 2013.
  12. 1 2 3 "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. 1 2 "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.
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