BEL 20

Last updated

BEL 20
BEL 20.svg
BEL 20 performance between 1991 and 2019
Foundation30 December 1990
Operator Euronext
Exchanges Euronext Brussels
Constituents20
TypeLarge cap
Market cap 287.5 billion (end 2018) [1]
Weighting method Capitalization-weighted
Website www.euronext.com
The former Brussels Stock Exchange building Front of Brussels Stock Exchange 2023 cropped.jpg
The former Brussels Stock Exchange building

The BEL 20 is the benchmark stock market index of Euronext Brussels. It tracks the performance of 20 most capitalized and liquid stocks traded in Belgium. 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 arGEN-X  [ nl ].

Contents

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.

Annual Returns

The following table shows the annual development of the BEL 20 Index, which was calculated back to 1990. [4]

YearClosing levelChange in Index
in Points
Change in Index
in %
19901,000.00
19911,029.7229.722.97
19921,127.0297.309.45
19931,473.10346.0830.71
19941,389.64−83.46−5.67
19951,559.63169.9912.23
19961,897.58337.9521.67
19972,419.34521.7627.50
19983,514.511,095.1745.27
19993,340.43−174.08−4.95
20003,024.49−315.94−9.46
20012,782.01−242.48−8.02
20022,025.04−756.97−27.21
20032,244.18219.1410.82
20042,932.62688.4430.68
20053,549.25616.6321.03
20064,288.53739.2820.83
20074,127.47−161.06−3.76
20081,908.64−2,218.83−53.76
20092,511.62602.9831.59
20102,578.6066.982.67
20112,083.42−495.18−19.20
20122,475.81392.3918.83
20132,923.82448.0118.10
20143,285.26361.4412.36
20153,700.30415.0412.63
20163,606.36−93.94−2.54
20173,977.88371.5210.30
20183,243.63−734.25−18.46
20193,955.83712.2021.96
20203,621.88−334.55−8.46
20214.310,15688.8719.02
20223,701.17−608.98−14.13
20233,707.776.60.18

Constituents

The following 20 stocks make up the BEL 20 as of June 28 2024. [5]

Company ICB SectorTicker symbolIndex weighting (%) In index since
AB InBev Food & Beverage Euronext Brussels :  ABI 10.44February 2002
Ackermans & van Haaren Financial Services Euronext Brussels :  ACKB 3.23March 2007
Aedifica Real Estate Euronext Brussels :  AED 2.48March 2020
Ageas Insurance Euronext Brussels :  AGS 6.27March 1991
arGEN-X  [ nl ]Health Care Euronext Brussels :  ARGX 13.48June 2018
Azelis Group Basic Resources Euronext Brussels :  AZE 1.88June 2024
Cofinimmo Real Estate Euronext Brussels :  COFB 1.91January 2003
D'Ieteren Consumer Discretionary Euronext Brussels :  DIE 3.92March 2022
Elia Group Utilities Euronext Brussels :  ELI 2.66March 2021
Galapagos Health Care Euronext Brussels :  GLPG 0.99March 2016
GBL Financial Services Euronext Brussels :  GBLB 4.95March 1991
KBC Banks Euronext Brussels :  KBC 10.93January 1993
Lotus Bakeries Consumer Staples Euronext Brussels :  LOTB 3.61March 2024
Melexis  [ nl ]Electronic Equipment Euronext Brussels :  MELE 1.49March 2021
Sofina Financial Services Euronext Brussels :  SOF 2.69March 2017
Solvay Chemicals Euronext Brussels :  SOLB 2.08March 1991
Syensqo Basic Materials Euronext Brussels :  SYENS 5.70December 2023
UCB Health Care Euronext Brussels :  UCB 14.67March 1991
Umicore Chemicals Euronext Brussels :  UMI 2.54March 1991
WDP  [ nl ]Real Estate Euronext Brussels :  WDP 4.09March 2019

Former companies in the BEL20

Company ICB SectorTicker symbolPeriod in BEL20
Ablynx pharmaceuticals ABLX March 2018 – June 2018
Agfa-Gevaert electronic equipment AGFB March 1991 – December 1994
June 1999 – March 2009 [6]
Almanij banksNo longer listedMarch 1991 – March 2005 [7]
Barco Industrial Goods & Services BAR March 1991 – January 1993
December 1996 – March 2007
March 2019 – March 2021
BarcoNet electronic equipmentNovember 2000 – November 2000
Befimmo-Sicafi industrial and office REITs BEFB March 2009 – March 2016 [8]
Bekaert industrial goods and services BEKB January 1993 – June 1999
December 1999 – March 2018 [9]
Bpost Industrial Goods and Services BPOST March 2014 – March 2019
CBR CementNo longer listedMarch 1991 – December 1999
CMB ShipownersNo longer listedJanuary 1993 – January 1999
CNP Specialty finance NAT March 2006 – May 2011 [10]
Cockerill-Sambre SteelNo longer listedDecember 1994 – December 1996
Cobepa Investment companyNo longer listedJanuary 1999 – September 2000
Cumerio Copper2005
Delhaize Group retail AD March 1991 – March 2017 [11]
Delta Lloyd Insurance DL March 2013 – March 2016 [8]
Dexia BankingNo longer listedDecember 1997 – March 2012 [12]
D'Ieteren Consumer services DIE July 1998 – March 2006
March 2012 – March 2016 [8]
Electrabel ElectricityELEMarch 1991 – November 2005 [13]
Engie Utilities ENGI November 2005 – March 2019
Generale Bank BankingNo longer listedMarch 1991 – July 1998
GIB Group SupermarketsNo longer listedMarch 1991 – November 2002
IBA Medical technologyNo longer listedNovember 1999 – March 2003
ING Group Banks INGA March 2016 – March 2021
Mobistar Telecom OBEL November 2002 – March 2013
Nyrstar Metallurgy NYR March 2008 – March 2009
June 2011 – March 2013
Omega Pharma PharmaceuticalsOMEMarch 2002 – December 2011 [14]
Ontex Group Personal and Household Goods ONTEX March 2016 – March 2020
Petrofina OilNo longer listedMarch 1991 – June 1999
Real Software TechnologyNo longer listedJune 1999 – February 2002
Recticel Polyurethane based products REC March 1991 – January 1993
Royale Belge InsuranceNo longer listedMarch 1991 – June 1998
Société Générale de Belgique Investment & BankingNo longer listedMarch 1991 – July 1998
Suez Environnement Utility company2008
Telindus ICTNo longer listedSeptember 2000 – March 2002
Tessenderlo Chemistry TESB March 1991 – January 1993
July 1998 – March 2004
ThromboGenics Biopharmaceuticals THR March 2013 – March 2014
TractebelEnergyNo longer listedMarch 1991 – November 1999

Related Research Articles

<span class="mw-page-title-main">CAC 40</span> Blue chip stock market index

The CAC 40 is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant stocks among the 100 largest market caps on the Euronext Paris. It is a price return index. It is one of the main national indices of the pan-European stock exchange group Euronext alongside Euronext Amsterdam's AEX, Euronext Brussels' BEL20, Euronext Dublin's ISEQ 20, Euronext Lisbon's PSI-20 and the Oslo Bors OBX Index. It is an index without dividends. Cotation operates every working day from 9:00 a.m. to 5:30 p.m. It is updated every 15 seconds.

<span class="mw-page-title-main">Euronext</span> European financial services company

Euronext N.V. is a European bourse that provides trading and post-trade services for a range of financial instruments.

Vodafone Libertel B.V. is the second largest mobile phone company in the Netherlands, and was previously called Libertel. It is part of VodafoneZiggo, a joint venture between Ziggo and Vodafone Group.

<span class="mw-page-title-main">AEX index</span> Dutch stock market index

The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. Started in 1983, the index is composed of a maximum of 25 of the most frequently traded securities on the exchange. It is one of the main national indices of the stock exchange group Euronext alongside Euronext Brussels' BEL20, Euronext Dublin's ISEQ 20, Euronext Lisbon's PSI-20, the Oslo Bors OBX Index, and Euronext Paris's CAC 40.

<span class="mw-page-title-main">Deutsche Börse</span> Financial services company of Germany

Deutsche Börse AG, or the Deutsche Börse Group, is a German multinational corporation that offers a marketplace for organizing the trading of shares and other securities. It is also a transaction services provider, giving companies and investors access to global capital markets. It is a joint stock company and was founded in 1992, with headquarters in Frankfurt. On 1 October 2014, Deutsche Börse AG became the 14th announced member of the United Nations Sustainable Stock Exchanges initiative.

<span class="mw-page-title-main">Solvay S.A.</span> Belgian chemical company

Solvay is a Belgian multinational chemical company established in 1863, with its headquarters located in Neder-Over-Heembeek, Brussels, Belgium.

NYSE Euronext, Inc. was a transatlantic multinational financial services corporation that operated multiple securities exchanges, including the New York Stock Exchange, Euronext and NYSE Arca. NYSE merged with Archipelago Holdings on March 7, 2006, forming NYSE Group, Inc. On April 4, 2007, NYSE Group, Inc. merged with Euronext N.V. to form the first global equities exchange, with its headquarters in Lower Manhattan. The corporation was then acquired by Intercontinental Exchange, which subsequently spun off Euronext.

<span class="mw-page-title-main">Brussels Stock Exchange</span> Stock exchange in Brussels, Belgium

The Brussels Stock Exchange, abbreviated to BSE, was founded in Brussels, Belgium, by decree of Napoleon in 1801. In 2002, the BSE merged with the Amsterdam, Lisbon and Paris stock exchanges into Euronext, renaming the BSE Euronext Brussels. The most well known stock market index on the BSE is the BEL20.

<span class="mw-page-title-main">Euronext Lisbon</span> Stock exchange in Lisbon, Portugal

Euronext Lisbon is a stock exchange in Lisbon, Portugal. It is part of Euronext pan-European exchange. The most famous index is PSI-20.

<span class="mw-page-title-main">Luxembourg Stock Exchange</span> Stock exchange located in Luxembourg

The Luxembourg Stock Exchange, LuxSE is based in Luxembourg City at 35A boulevard Joseph II.

<span class="mw-page-title-main">London Stock Exchange Group</span> British financial services company

London Stock Exchange Group plc, also known as LSEG, is a global provider of financial markets data and infrastructure. Headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.

The CAC Mid 60 is a stock market index used by the Paris Bourse. It is a mid-cap index which represents the 60 largest French equities after the CAC 40 and the CAC Next 20. The index was inaugurated in 2005, with the number of index constituents being reduced from 100 to 60 in March 2011.

<span class="mw-page-title-main">Sofina</span> Belgian holding company

Sofina, Société Financière de Transports et d'Entreprises Industrielles, is a Belgian holding company, headquartered in Brussels with offices in Singapore and Luxembourg. As part of the Bel20 index, it is one of the twenty largest capitalisation in Belgium. The company invests in several industrial sectors such as telecommunication (7%), banks and insurance (6%), private equity (6%), B2B (18%), consumer goods (31%), energy (6%), food distribution (8%) and various other sectors (10%). Geographically, Sofina has investments located in Belgium, France, Luxembourg, the Netherlands, the United Kingdom, China, India and North America.

ASM is a Dutch headquartered multinational corporation that specializes in the design, manufacturing, sales and service of semiconductor wafer processing equipment for the fabrication of semiconductor devices. ASM's products are used by semiconductor manufacturers in front-end wafer processing in their semiconductor fabrication plants. ASM's technologies include atomic layer deposition, epitaxy, chemical vapor deposition and diffusion.

<span class="mw-page-title-main">EDP Renováveis</span> Renewable energy company in Madrid, Spain

EDP Renováveis is a renewable energy company registered in Oviedo, and headquartered in Madrid that designs, develops, manages and operates power plants that generate electricity using renewable energy sources.

The 2008–2009 Belgian financial crisis is a major financial crisis that hit Belgium from mid-2008 onwards. Two of the country's largest banks – Fortis and Dexia – started to face severe problems, exacerbated by the financial problems hitting other banks around the world. The value of their stocks plunged. The government managed the situation by bailouts, selling off or nationalizing banks, providing bank guarantees and extending the deposit insurance. Eventually Fortis was split into two parts. The Dutch part was nationalized, while the Belgian part was sold to the French bank BNP Paribas. Dexia group was dismantled, Dexia Bank Belgium was nationalized.

RGF Staffing B.V. is a Dutch-based recruitment and human resources company, headquartered in Almere. Recruit Global Staffing is Holland's second-largest employment company behind Randstad. The firm has a presence in thirteen countries in Central and Western Europe, operating temporary employment agencies and providing secondment and other HR services. Predecessor USG People was formed by the 1997 merger of the companies Unique International and Goudsmit and was known as United Services Group between 2001 and 2005. The company was listed on Euronext Amsterdam as well as a constituent of the mid-cap AMX stock market index. In 2016 the Recruit Holdings acquired all shares of USG People for 1.42 billion euros.

The Belgium Futures and Options Exchange (BELFOX) was the derivatives exchange of Belgium that was established in 1991 and merged with the Brussels Stock Exchange in 2000. Belfox was founded as a cooperation between important players in the Belgian financial markets. The Belfox market offered electronic trading and clearing facilities on derivatives. The underlying values were stocks of major Belgian companies.

The PSI-20 is a benchmark stock market index of companies that trade on Euronext Lisbon, the main stock exchange of Portugal. The index tracks the prices of the twenty listings with the largest market capitalisation and share turnover in the PSI Geral, the general stock market of the Lisbon exchange. It is one of the main national indices of the pan-European stock exchange group Euronext alongside Brussels' BEL20, Paris's CAC 40 and Amsterdam's AEX.

<span class="mw-page-title-main">Belfius</span> Belgian banking chain

Belfius Bank and Insurance, known as Dexia Bank Belgium until 1 March 2012, is a Belgian state-owned bank that emerged from the dismantling of the Dexia group which had been purchased by the Belgian government on 10 October 2011 for 4 billion euros.

References

  1. "BEL-20 Executive Factsheet 2018" (PDF). Euronext. Archived from the original on 9 November 2011. Retrieved 15 November 2018.
  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 (^BFX) Historical Data – Yahoo Finance". Yahoo! Finance. Retrieved 21 January 2020.
  5. "BEL 20 Composition" (PDF). Euronext . Retrieved 3 November 2024.
  6. "Annual review of BEL20 index" (PDF). Euronext. 31 May 2011. Archived from the original (PDF) on 9 November 2011. Retrieved 22 June 2011.
  7. "BEL20: KBC-Almanij Merger" (PDF). Euronext. Archived from the original (PDF) on 20 March 2009. Retrieved 30 November 2007.
  8. 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.
  9. "Bekaert verdwijnt uit Bel20" [Bekaert disappears from Bel20]. standaard.be (in Dutch). 7 March 2018. Retrieved 15 June 2018.
  10. "Index Announcement" (PDF). NYSE Euronext. 29 April 2011. Retrieved 8 May 2011.
  11. "Nieuwkomer Aperam samen met Sofina naar Bel20". beursduivel.be (in Dutch). 7 March 2017. Retrieved 7 March 2017.
  12. "Dexia valt uit Bel20". De Standaard (in Dutch). 2 January 2012. Retrieved 12 January 2013.
  13. "Suez replaces Electrabel in the BEL20 Index" (PDF). Euronext. Archived from the original (PDF) on 20 March 2009. Retrieved 4 December 2007.
  14. "Omega Pharma verdwijnt uit Bel20 na geslaagd bod Marc Coucke". Trends (in Dutch). 27 December 2011. Retrieved 12 January 2013.