Foundation | 30 December 1990 |
---|---|
Operator | Euronext |
Exchanges | Euronext Brussels |
Constituents | 20 |
Type | Large cap |
Market cap | €287.5 billion (end 2018) |
Weighting method | Capitalization-weighted |
Website | www.euronext.com |
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, [1] only to be replaced mid June by arGEN-X .
The composition of the BEL 20 index is reviewed annually based on closing prices on the last Friday in February. [2] 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. [2] 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. [2] The minimum requirement for an existing constituent to remain in the index is a market cap of 200000 times the index value. [2] At each annual review, the weights of companies in the index are capped at 15%, [2] 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.
The following table shows the annual development of the BEL 20 Index, which was calculated back to 1990. [3]
Year | Closing level | Change in Index in Points | Change in Index in % |
---|---|---|---|
1990 | 1,000.00 | ||
1991 | 1,029.72 | 29.72 | 2.97 |
1992 | 1,127.02 | 97.30 | 9.45 |
1993 | 1,473.10 | 346.08 | 30.71 |
1994 | 1,389.64 | −83.46 | −5.67 |
1995 | 1,559.63 | 169.99 | 12.23 |
1996 | 1,897.58 | 337.95 | 21.67 |
1997 | 2,419.34 | 521.76 | 27.50 |
1998 | 3,514.51 | 1,095.17 | 45.27 |
1999 | 3,340.43 | −174.08 | −4.95 |
2000 | 3,024.49 | −315.94 | −9.46 |
2001 | 2,782.01 | −242.48 | −8.02 |
2002 | 2,025.04 | −756.97 | −27.21 |
2003 | 2,244.18 | 219.14 | 10.82 |
2004 | 2,932.62 | 688.44 | 30.68 |
2005 | 3,549.25 | 616.63 | 21.03 |
2006 | 4,288.53 | 739.28 | 20.83 |
2007 | 4,127.47 | −161.06 | −3.76 |
2008 | 1,908.64 | −2,218.83 | −53.76 |
2009 | 2,511.62 | 602.98 | 31.59 |
2010 | 2,578.60 | 66.98 | 2.67 |
2011 | 2,083.42 | −495.18 | −19.20 |
2012 | 2,475.81 | 392.39 | 18.83 |
2013 | 2,923.82 | 448.01 | 18.10 |
2014 | 3,285.26 | 361.44 | 12.36 |
2015 | 3,700.30 | 415.04 | 12.63 |
2016 | 3,606.36 | −93.94 | −2.54 |
2017 | 3,977.88 | 371.52 | 10.30 |
2018 | 3,243.63 | −734.25 | −18.46 |
2019 | 3,955.83 | 712.20 | 21.96 |
2020 | 3,621.88 | −334.55 | −8.46 |
2021 | 4.310,15 | 688.87 | 19.02 |
2022 | 3,701.17 | −608.98 | −14.13 |
2023 | 3,707.77 | 6.6 | 0.18 |
The following 20 stocks make up the BEL 20 as of June 28, 2024. [4]
Company | ICB Sector | Ticker symbol | Index weighting (%) | In index since |
---|---|---|---|---|
AB InBev | Food & Beverage | Euronext Brussels : ABI | 10.44 | February 2002 |
Ackermans & van Haaren | Financial Services | Euronext Brussels : ACKB | 3.23 | March 2007 |
Aedifica | Real Estate | Euronext Brussels : AED | 2.48 | March 2020 |
Ageas | Insurance | Euronext Brussels : AGS | 6.27 | March 1991 |
arGEN-X | Health Care | Euronext Brussels : ARGX | 13.48 | June 2018 |
Azelis Group | Basic Resources | Euronext Brussels : AZE | 1.88 | June 2024 |
Cofinimmo | Real Estate | Euronext Brussels : COFB | 1.91 | January 2003 |
D'Ieteren | Consumer Discretionary | Euronext Brussels : DIE | 3.92 | March 2022 |
Elia Group | Utilities | Euronext Brussels : ELI | 2.66 | March 2021 |
Galapagos | Health Care | Euronext Brussels : GLPG | 0.99 | March 2016 |
GBL | Financial Services | Euronext Brussels : GBLB | 4.95 | March 1991 |
KBC | Banks | Euronext Brussels : KBC | 10.93 | January 1993 |
Lotus Bakeries | Consumer Staples | Euronext Brussels : LOTB | 3.61 | March 2024 |
Melexis | Electronic Equipment | Euronext Brussels : MELE | 1.49 | March 2021 |
Sofina | Financial Services | Euronext Brussels : SOF | 2.69 | March 2017 |
Solvay | Chemicals | Euronext Brussels : SOLB | 2.08 | March 1991 |
Syensqo | Basic Materials | Euronext Brussels : SYENS | 5.70 | December 2023 |
UCB | Health Care | Euronext Brussels : UCB | 14.67 | March 1991 |
Umicore | Chemicals | Euronext Brussels : UMI | 2.54 | March 1991 |
WDP | Real Estate | Euronext Brussels : WDP | 4.09 | March 2019 |
This section needs expansionwith: list. You can help by adding to it. (February 2019) |
Company | ICB Sector | Ticker symbol | Period in BEL20 |
---|---|---|---|
Ablynx | pharmaceuticals | ABLX | March 2018 – June 2018 |
Agfa-Gevaert | electronic equipment | AGFB | March 1991 – December 1994 June 1999 – March 2009 [5] |
Almanij | banks | No longer listed | March 1991 – March 2005 [6] |
Barco | Industrial Goods & Services | BAR | March 1991 – January 1993 December 1996 – March 2007 March 2019 – March 2021 |
BarcoNet | electronic equipment | November 2000 – November 2000 | |
Befimmo-Sicafi | industrial and office REITs | BEFB | March 2009 – March 2016 [7] |
Bekaert | industrial goods and services | BEKB | January 1993 – June 1999 December 1999 – March 2018 [8] |
Bpost | Industrial Goods and Services | BPOST | March 2014 – March 2019 |
CBR | Cement | No longer listed | March 1991 – December 1999 |
CMB | Shipowners | No longer listed | January 1993 – January 1999 |
CNP | Specialty finance | NAT | March 2006 – May 2011 [9] |
Cockerill-Sambre | Steel | No longer listed | December 1994 – December 1996 |
Cobepa | Investment company | No longer listed | January 1999 – September 2000 |
Cumerio | Copper | 2005 | |
Delhaize Group | retail | AD | March 1991 – March 2017 [10] |
Delta Lloyd | Insurance | DL | March 2013 – March 2016 [7] |
Dexia | Banking | No longer listed | December 1997 – March 2012 [11] |
D'Ieteren | Consumer services | DIE | July 1998 – March 2006 March 2012 – March 2016 [7] |
Electrabel | Electricity | ELE | March 1991 – November 2005 [12] |
Engie | Utilities | ENGI | November 2005 – March 2019 |
Generale Bank | Banking | No longer listed | March 1991 – July 1998 |
GIB Group | Supermarkets | No longer listed | March 1991 – November 2002 |
IBA | Medical technology | No longer listed | November 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 | Pharmaceuticals | OME | March 2002 – December 2011 [13] |
Ontex Group | Personal and Household Goods | ONTEX | March 2016 – March 2020 |
Petrofina | Oil | No longer listed | March 1991 – June 1999 |
Real Software | Technology | No longer listed | June 1999 – February 2002 |
Recticel | Polyurethane based products | REC | March 1991 – January 1993 |
Royale Belge | Insurance | No longer listed | March 1991 – June 1998 |
Société Générale de Belgique | Investment & Banking | No longer listed | March 1991 – July 1998 |
Suez Environnement | Utility company | 2008 | |
Telindus | ICT | No longer listed | September 2000 – March 2002 |
Tessenderlo | Chemistry | TESB | March 1991 – January 1993 July 1998 – March 2004 |
ThromboGenics | Biopharmaceuticals | THR | March 2013 – March 2014 |
Tractebel | Energy | No longer listed | March 1991 – November 1999 |
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.
Euronext N.V. is a European bourse that provides trading and post-trade services for a range of financial instruments.
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.
A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs are cross-border, and have tax and other advantages for the corporations and their stockholders.
The Athens Stock Exchange is the stock exchange of Greece, based in the capital city of Athens. It was founded in 1876. There are currently five markets operating in ATHEX: regulated securities market, regulated derivatives market, Alternative market, carbon market and OTC market. In the regulated securities market investors can trade in stocks, bonds, ETFs and other related securities. On the stock exchange 172 stocks are currently traded representing 166 companies.
The EURO STOXX 50 is a stock index of Eurozone stocks designed by STOXX, an index provider owned by Deutsche Börse Group. The index is composed of 50 stocks from 11 countries in the Eurozone.
Solvay is a Belgian multinational chemical company established in 1863, with its headquarters located in Neder-Over-Heembeek, Brussels, Belgium. Since the end of 2023, following its demerger with the creation of the new Syensqo entity, Solvay has specialized in essential chemistry and employs over 9,000 people in 40 countries.
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.
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.
The AMX index, derived from Amsterdam Midkap Index, also known as Midkap index or simply Midkap, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. The index was started in 1995. It is composed of the 25 funds that trade on the exchange and that rank 26–50 in size. The funds that rank 1–25 in size are represented in the AEX index.
The Ireland Overall Stock Exchange Index, commonly shortened to ISEQ 20, is a benchmark stock market index composed of companies that trade on Euronext Dublin. The index comprises the 20 companies with the highest trading volume and market capitalisation contained within the ISEQ Overall Index. The index was started on 31 December 2004 at a base of 1,000 points. The Irish Overall Index has a longer history and is more often used for comparing the performance of the Irish stocks for a longer period.
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.
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.
Umicore N.V., known as Union Minière before 2001, is a multinational materials technology company headquartered in Brussels, Belgium.
The ISEQ Smallcaps index is a benchmark stock market index composed of companies that trade on the Euronext Dublin. The index comprises the smaller companies contained within the ISEQ Overall Index. The Small Cap Index represents an asset class of its own, i.e. the smaller quoted companies. This type of asset class offers potential for growth which may not always seen in larger entities. It also represents an attractive asset class from the portfolio theory perspective; i.e. diversification into chosen smaller capitalisation stocks is likely to improve the risk return equation for investors.
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. On August 12, 2021 index has been renamed from PSI-20 to PSI.
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.
In finance, a dividend future is an exchange-traded derivative contract that allows investors to take positions on future dividend payments. Dividend futures can be on a single company, a basket of companies, or on an Equity index. They settle on the amount of dividend paid by the company, the basket of companies, or the index during the period of the contract.