BEL20
Encyclopedia
Stock market index
A stock market index is a method of measuring a section of the stock market. Many indices are cited by news or financial services firms and are used as benchmarks, to measure the performance of portfolios such as mutual funds....
of Euronext Brussels
Euronext
Euronext N.V. is a pan-European stock exchange based in Amsterdam and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services...
. In general, the index consists of a minimum of 10 and a maximum of 20 companies traded at the Brussels Stock Exchange
Brussels Stock Exchange
The Brussels Stock Exchange was founded in Brussels, Belgium, by Napoleonic decree in 1801. On September 22, 2000, the BSE merged with Paris Bourse, Lisbon Stock Exchange and the stock exchanges of Amsterdam, to form Euronext N.V., the first pan-European exchange for equities and derivatives,...
. Since 20 June 2011, the BEL20 has contained 20 listings.
Rules
The composition of the BEL20 index is reviewed annually based on closing prices at the end of the calendar yearCalendar year
Generally speaking, a calendar year begins on the New Year's Day of the given calendar system and ends on the day before the following New Year's Day. By convention, a calendar year consists of a natural number of days. To reconcile the calendar year with an astronomical cycle , certain years...
. 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
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
equity market", at least 15% of its shares must be considered free float in order to qualify for the index. In addition, a candidate for inclusion must possess a free float market capitalisation
Market capitalization
Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...
(in Euro
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
s) of at least 300000 times the price of the index on the last trading day of December. The minimum requirement for an existing constituent to remain in the index is a market cap of 200000 times the index value. At each annual review, the weights of companies in the index are capped at 15%, but range freely with share price
Share price
A share price is the price of a single share of a number of saleable stocks of a company. Once the stock is purchased, the owner becomes a shareholder of the company that issued the share.-Behavior of share prices:...
subsequently. The BEL20 is a market value-weighted index
Market value-weighted index
A capitalization-weighted index is an index whose components are weighted according to the total market value of their outstanding shares. Also called a market-value-weighted index...
.
Constituents
| Company | ICB Industry Classification Benchmark The Industry Classification Benchmark is an industry classification taxonomy developed by Dow Jones and FTSE. It is used to segregate markets into sectors within the macroeconomy... Sector | Ticker symbol | |
|---|---|---|---|
| Ackermans & van Haaren Ackermans & van Haaren Ackermans & van Haaren N.V. is a Belgian holding company. Through its subsidiaries, the company is active in four key sectors: dredging and construction, real estate, financial services, and private equity... |
diversified industrials | 2.21 | |
| Ageas Ageas Ageas N.V./S.A. is a multinational insurance company headquartered in Brussels, Belgium and Utrecht, Netherlands. Ageas is Belgium's largest insurer and operates in 14 countries worldwide... |
life insurance | 6.93 | |
| Anheuser-Busch InBev Anheuser-Busch InBev Anheuser-Busch InBev N.V. is a Belgian-Brazilian publicly-traded company, based in Leuven, Belgium. It is the largest global brewer with nearly 25% global market share and one of the world's top five consumer products companies by EBITA.... |
brewers | 12.08 | |
| Befimmo-Sicafi | industrial and office REITs | 1.29 | |
| Bekaert Bekaert N.V. Bekaert S.A. is an industrial company, which is one of the BEL20 companies in the index for the Euronext Brussels stock exchange. The company specializes in advanced metal transformation and advanced materials and coatings... |
diversified industrials | 3.41 | |
| Belgacom Belgacom The Belgacom Group is the largest telecommunications company in Belgium, headquartered in Brussels. Belgacom Group is primarily state owned, with the Belgian state holding 53.3% + 1 share... |
fixed line telecommunications | 5.54 | |
| Cofinimmo Cofinimmo Cofinimmo S.A. is a Belgian real estate company which owns, develops and manages prime offices and other property in Belgium, mainly in Brussels and Antwerp.... |
industrial and office REITs | 1.80 | |
| Colruyt Colruyt Etablissementen Franz Colruyt N.V. - Établissements Franz Colruyt S.A., usually known simply as Colruyt is a Belgian family company that is one of the major players in the country's retail network. Founded in 1925 by Franz Colruyt, the group today operates a number of retail brands, most... |
food retailers and wholesalers | 4.32 | |
| Delhaize Group Delhaize Group Delhaize Group is a food retailer headquartered in Belgium which operates in eight countries and on three continents. The principal activity of Delhaize Group is the operation of food supermarkets.-History:Delhaize Group was founded in Belgium in 1867.... |
food retailers and wholesalers | 8.11 | |
| Dexia Dexia Dexia N.V./S.A., also referred to as the Dexia Group, is a Belgian-French financial institution active in public finance, providing retail and commercial banking services to individuals and SMEs, asset management, and insurance... |
banks | 1.92 | |
| GBL Groupe Bruxelles Lambert Groupe Bruxelles Lambert is a Belgian industrial holding company. It is one of the ten biggest Belgian companies, and part of the BEL20. It has been listed in Brussels since 1956.Shareholdings as of 31 December 2010 were:... |
specialty finance | 7.27 | |
| GDF Suez GDF Suez GDF Suez S.A. is a French multinational energy company which operates in the fields of electricity generation and distribution, natural gas and renewable energy. The world's largest utility after taking control of Britain's International Power, the company was initially formed by the merger of Gaz... |
gas distribution | 11.21 | |
| KBC Group KBC Bank KBC Bank N.V. is a Belgian universal multi-channel bank, focusing on private clients and small and medium-sized enterprises. Besides retail banking, insurance and asset management activities , KBC is active in European debt capital markets, domestic cash equity markets and in the field of corporate... |
banks | 5.81 | |
| Mobistar Mobistar Mobistar is the second largest of Belgium's three mobile telecommunications operators. It competes with Proximus, owned by Belgian state owned telco Belgacom, and Base, a subsidiary of Dutch KPN.-History:... |
mobile telecommunications | 2.36 | |
| Nyrstar Nyrstar Nyrstar N.V is the world’s largest zinc metal producer and is also one of the world’s largest primary lead smelting and refining companies. It was formed on 31 August 2007 through a merger between the zinc alloys operations of the Belgian company Umicore and the zinc and lead smelting operations of... |
nonferrous metals | 2.39 | |
| Omega Pharma Omega Pharma Omega Pharma is a Belgian Pharmaceutical company, founded in 1987 by Marc Coucke and Yvan Vindevogel, both former Pharmacy students at the Ghent University.The company is quoted at Euronext Brussels and makes part of the BEL20 index.-Arseus:... |
pharmaceuticals | 0.88 | |
| Solvay Solvay (company) Solvay S.A. is a Belgian chemical company with its head office in Ixelles, Brussels, Belgium. It was founded in 1863 by Ernest Solvay to produce sodium carbonate by the solvay process. Since then the company has diversified to two major sectors of activity: chemicals and plastics... |
specialty chemicals | 9.40 | |
| Telenet Group Telenet (Belgium) Telenet Group is the largest provider of broadband cable services in Belgium. Its business comprises the provision of analog and digital cable television, high speed internet and fixed and mobile telephony services, primarily to residential customers in Flanders and Brussels... |
broadcasting and entertainment | 2.64 | |
| UCB UCB (company) UCB is a multinational biopharmaceutical manufacturing company headquartered in Brussels, Belgium.- History :UCB was founded on 18 January 1928 by Emmanuel Janssen, a Belgian businessman... |
pharmaceuticals | 4.23 | |
| Umicore Umicore Umicore N.V. is a multinational materials technology company headquartered in Brussels, Belgium. Formed in 1989 by the merger of four companies in the mining and smelting industries, Umicore has since reshaped itself into a more technology-focused business encompassing such areas as the refining... |
specialty chemicals | 6.20 |
- Weightings accurate on 22 June 2011.
Former companies in the BEL20
| Company | ICB Industry Classification Benchmark The Industry Classification Benchmark is an industry classification taxonomy developed by Dow Jones and FTSE. It is used to segregate markets into sectors within the macroeconomy... Sector | Ticker symbol | Removal Date |
|---|---|---|---|
| Agfa-Gevaert Agfa-Gevaert Agfa-Gevaert N.V. is a European multinational corporation that develops, manufactures, and distributes analogue and digital imaging products and systems, as well as IT solutions. The company has three divisions. Agfa Graphics offers integrated prepress and industrial inkjet systems to the... |
electronic equipment | ||
| Almanij Almanij Almanij, meaning Algemene Maatschappij voor Nijverheidskrediet was a Belgian holding active in financial services. It is since March 2005 part of the KBC Group.-Structure:The Almanij group consisted of four companies:... |
banks | ALMB | |
| Barco Barco Barco N.V. is a display hardware manufacturer specialising in video projectors, LCD projectors, DLP projectors, LCoS projectors, LED displays, video walls, flat panel displays, automated luminaires, digital lighting and lighting controls.... |
electronic equipment | ||
| D'Ieteren D'Ieteren D'Ieteren SA is a company, based in Belgium that is engaged in the automobile distribution, short-term car rental, and vehicle glass repair and replacement businesses.- Activities :... |
specialty retailers | ||
| Electrabel Electrabel Electrabel is a Belgium-based energy corporation. It is a subsidiary of GDF Suez.-History:Electrabel was established in 1905. Its actual name originates from 1990, after the regrouping of the companies Intercom, Ebes and Unerg.... |
electricity | ELE | |
| NPM/CNP NPM/CNP NPM/CNP, "Nationale Portefeuillemaatschappij" in Dutch and "Compagnie Nationale à Portefeuille" in French, is a Belgian holding company having shares in various firms. The company is controlled by the family of Albert Frère... |
specialty finance |