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 1 Rules 2 Constituents 3 Former companies in the BEL20 4 References 5 External links

[edit] 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.

[edit] Constituents

The following 20 stocks make up the BEL20 index after the annual review effective on 3 March 2009.^[2]

Company	ICB Sector	Ticker symbol	Index weighting (%)1
Ackermans & van Haaren	diversified industrials	ACKB	1.85
Anheuser-Busch InBev	brewers	ABI	15.93
Befimmo-Sicafi	industrial and office REITs	BEFB	1.77
Bekaert	diversified industrials	BEKB	1.18
Belgacom	fixed line telecommunications	BELG	8.69
Cofinimmo	industrial and office REITs	COFB	1.89
Colruyt	food retailers and wholesalers	COLR	6.30
Delhaize Group	food retailers and wholesalers	DELB	10.82
Dexia	banks	DEXB	2.34
Fortis	banks	FORB	5.74
GBL	specialty finance	GBLB	9.33
GDF Suez	gas distribution	GSZB	8.99
KBC Group	banks	KBC	2.74
Mobistar	mobile telecommunications	MOBB	3.40
NPM/CNP	specialty finance	NAT	2.48
Omega Pharma	pharmaceuticals	OME	0.82
Solvay	specialty chemicals	SOLB	6.03
Telenet Group	broadcasting and entertainment	TNET	1.76
UCB	pharmaceuticals	UCB	4.68
Umicore	specialty chemicals	UMI	3.24

Note 1: - Weightings accurate on 4 March 2009.

[edit] Former companies in the BEL20

Please help improve this list by expanding it. Further information might be found on the talk page. (December 2007)

Company	ICB Sector	Ticker symbol	Removal Date
Agfa-Gevaert	electronic equipment	AGFB	2009-03-02[2]
Almanij	banks	ALMB	2005-03-03[3]
Barco	electronic equipment	BAR	2007-03-01[4]
D'Ieteren	specialty retailers	DIE	2006-03-01[5]
Electrabel	electricity	ELE	2005-11-15[6]
Nyrstar	nonferrous metals	NYR	2009-03-02[2]

[edit] References

[edit] External links

• Official BEL20 composition and prices from Euronext

v • d • e BEL20 companies of Belgium Ackermans & van Haaren · Anheuser-Busch InBev · Befimmo-Sicafi · Bekaert · Belgacom · Cofinimmo · Colruyt · Delhaize Group · Dexia · Fortis · GBL · GDF Suez · KBC Groep · Mobistar · NPM/CNP · Omega Pharma · Solvay · Telenet Group · UCB · Umicore