The BEL 20 is the benchmark
stock market index of
Euronext Brussels
The Brussels Stock Exchange (french: Bourse de Bruxelles, nl, Beurs van Brussel), 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 ...
. 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
Ablynx is a subsidiary of biopharmaceutical company Sanofi engaged in the discovery and development of nanobodies, based in Science Park Zwijnaarde, Ghent.
History
In November 2001, Ablynx was established as a spin-off of the Vlaams Instituut ...
stock was removed following the takeover by
Sanofi
Sanofi S.A. is a French multinational pharmaceutical and healthcare company headquartered in Paris, France. Originally, the corporation was established in 1973 and merged with Synthélabo in 1999 to form Sanofi-Synthélabo. In 2004, Sanofi-Syn ...
, only to be replaced mid June by
arGEN-X.
Rules
The composition of the BEL 20 index is reviewed annually based on closing prices on the last Friday in February.
[
] 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
Belgian may refer to:
* Something of, or related to, Belgium
* Belgians, people from Belgium or of Belgian descent
* Languages of Belgium, languages spoken in Belgium, such as Dutch, French, and German
*Ancient Belgian language, an extinct languag ...
equity market", at least 15% of its shares must be considered
free float
In the context of stock markets, the public float or free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest inv ...
in order to qualify for the index.
In addition, a candidate for inclusion must possess a free float
market capitalisation
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.
Market capitalization is equal to the market price per common share multiplied by t ...
(in
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
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
A share price is the price of a single share of a number of saleable equity shares of a company.
In layman's terms, the stock price is the highest amount someone is willing to pay for the stock, or the lowest amount that it can be bought for.
B ...
subsequently. The BEL20 is a
capitalization-weighted index
A capitalization-weighted (or cap-weighted) index, also called a market-value-weighted index is a stock market index whose components are weighted according to the total market value of their outstanding shares. Every day an individual stock's ...
.
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.
Constituents
The following 20 stocks make up the BEL 20 as of 22 March 2021.
* - Weightings accurate on 31 March 2021.
Former companies in the BEL20
References
External links
Bloomberg page for BEL20:INDOfficial BEL20 prices from EuronextOfficial BEL20 composition from EuronextBEL20 Rule bookReuters page for .BFX
{{DEFAULTSORT:Bel 20
Euronext indices