BEL20

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The Brussels Stock Exchange.

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.

Contents

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

Agfa-Gevaert plant in Mortsel.
Colruyt supermarket in Ghent.
KBC tower in Antwerp.

The following 20 stocks make up the BEL20 index after the Gaz de France-Suez merger to form GDF Suez on 22 July 2008.2

Company ICB Sector Ticker symbol Index weighting (%)1
Ackermans & van Haaren diversified industrials ACKB 1.80
Agfa-Gevaert electronic equipment AGFB 0.82
Anheuser-Busch InBev brewers ABI 10.30
Bekaert diversified industrials BEKB 1.43
Belgacom fixed line telecommunications BELG 4.54
Cofinimmo real estate investment trusts COFB 1.16
Colruyt food retailers and wholesalers COLR 2.97
Delhaize Group food retailers and wholesalers DELB 4.32
Dexia banks DEXB 6.24
Fortis banks FORB 11.08
GBL specialty finance GBLB 6.58
GDF Suez gas distribution GSZB 17.94
KBC Group banks KBC 12.46
Mobistar mobile telecommunications MOBB 1.80
NPM/CNP specialty finance NAT 2.27
Nyrstar nonferrous metals NYR 0.82
Omega Pharma pharmaceuticals OME 0.59
Solvay specialty chemicals SOLB 5.98
UCB pharmaceuticals UCB 2.68
Umicore specialty chemicals UMI 4.22

Note 1: - Weightings accurate on 22 July 2008.

Former companies in the BEL20

Company ICB Sector Ticker symbol Removal Date
Almanij banks ALMB 2005-03-033
Barco electronic equipment BAR 2007-03-014
D'Ieteren specialty retailers DIE 2006-03-015
Electrabel electricity ELE 2005-11-156

References

  1. ^ a b c d e "Rules for the BEL 20-Index" (PDF). Euronext (August 2006). Retrieved on 2007-11-30.
  2. ^ "NYSE Euronext says GDF Suez to replace Suez in Bel 20 from July 2", AFX News, Forbes (30 June 2008). Retrieved on 22 July 2008. 
  3. ^ "BEL20: KBC-Almanij Merger" (PDF). Euronext. Retrieved on 2007-11-30.
  4. ^ "Annual review of the BEL20 Index" (PDF). Euronext (15 January 2007). Retrieved on 2007-11-30.
  5. ^ "(Dutch) D'Ieteren moet plaats ruimen voor NPM". De Standaard (2006-01-16). Retrieved on 2006-05-22.
  6. ^ "Suez replaces Electrabel in the BEL20 Index" (PDF). Euronext. Retrieved on 2007-12-04.

External links

Wikipedia content modification information:

  • This page was last modified on 30 November 2008, at 11:07.

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