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 Nyrstar was promoted to the index on 4 March 2008, the BEL20 has contained a full 20 listings.
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Rules
The composition of the BEL20 index is reviewed annually based on closing prices at the end of the calendar year.[1] 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.[1] 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.[1] The minimum requirement for an existing constituent to remain in the index is a market cap of 200000 times the index value.[1] At each annual review, the weights of companies in the index are capped at 15%,[1] but range freely with share price subsequently. The BEL20 is a market value-weighted index.
Constituents
The following 20 stocks make up the BEL20 index after the annual review effective on 3 March 2009.[2]
| Company | ICB Sector | Ticker symbol | Index weighting (%)1 |
|---|---|---|---|
| Ackermans & van Haaren | diversified industrials | ACKB | 1.85 |
| Anheuser-Busch InBev | brewers | ABI | 15.93 |
| Befimmo-Sicafi | industrial and office REITs | BEFB | 1.77 |
| Bekaert | diversified industrials | BEKB | 1.18 |
| Belgacom | fixed line telecommunications | BELG | 8.69 |
| Cofinimmo | industrial and office REITs | COFB | 1.89 |
| Colruyt | food retailers and wholesalers | COLR | 6.30 |
| Delhaize Group | food retailers and wholesalers | DELB | 10.82 |
| Dexia | banks | DEXB | 2.34 |
| Fortis | banks | FORB | 5.74 |
| GBL | specialty finance | GBLB | 9.33 |
| GDF Suez | gas distribution | GSZB | 8.99 |
| KBC Group | banks | KBC | 2.74 |
| Mobistar | mobile telecommunications | MOBB | 3.40 |
| NPM/CNP | specialty finance | NAT | 2.48 |
| Omega Pharma | pharmaceuticals | OME | 0.82 |
| Solvay | specialty chemicals | SOLB | 6.03 |
| Telenet Group | broadcasting and entertainment | TNET | 1.76 |
| UCB | pharmaceuticals | UCB | 4.68 |
| Umicore | specialty chemicals | UMI | 3.24 |
Note 1: - Weightings accurate on 4 March 2009.
Former companies in the BEL20
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Please help improve this list by expanding it. Further information might be found on the talk page. (December 2007) |
| Company | ICB Sector | Ticker symbol | Removal Date |
|---|---|---|---|
| Agfa-Gevaert | electronic equipment | AGFB | 2009-03-02[2] |
| Almanij | banks | ALMB | 2005-03-03[3] |
| Barco | electronic equipment | BAR | 2007-03-01[4] |
| D'Ieteren | specialty retailers | DIE | 2006-03-01[5] |
| Electrabel | electricity | ELE | 2005-11-15[6] |
| Nyrstar | nonferrous metals | NYR | 2009-03-02[2] |
References
- ^ 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 2007-11-30.
- ^ a b c "Annual review of BEL20 index". Euronext. 12 January 2009. http://www.euronext.com/fic/000/043/032/430322.pdf. Retrieved 2009-03-02.
- ^ "BEL20: KBC-Almanij Merger" (PDF). Euronext. http://www.euronext.com/fic/000/010/342/103428.pdf. Retrieved 2007-11-30.
- ^ "Annual review of the BEL20 Index" (PDF). Euronext. 15 January 2007. http://www.euronext.com/fic/000/015/008/150084.pdf. Retrieved 2007-11-30.
- ^ "(Dutch) D'Ieteren moet plaats ruimen voor NPM". De Standaard. 2006-01-16. http://www.standaard.be/Kanaal/Index.aspx?artikelId=BE398BE6C9D767&kanaalid=112. Retrieved 2006-05-22.
- ^ "Suez replaces Electrabel in the BEL20 Index" (PDF). Euronext. http://www.euronext.com/fic/000/001/883/18831.pdf. Retrieved 2007-12-04.
External links
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