Technology company Barco and computer chip manufacturer Melexis are the new members of the Bel20 stock market index. These shares replace those of supermarket chain Colruyt and real estate developer VGP, which are removed from the index. The change was announced on Wednesday evening by Euronext Brussels.
Both Barco and Melexis were previously part of the index. Both stocks have gained in value recently. This is in contrast to Colruyt and VGP, which saw their course fall. Inclusion in the Bel20 has to do with a number of criteria. The market value of the share is one, but so is the frequency with which the shares are traded and the part of the capital that is freely tradable (the free float).
Due to the change, technology has a stronger presence in the Brussels stock market index. Recently, real estate companies in particular have been overrepresented in the index. With the disappearance of VGP, the composition is somewhat more balanced in that area. The disappearance from the index is a pity for Colruyt. The supermarket chain has been part of the star index since the establishment of the Bel20.
Biscuit bakery Lotus was also seen as a favorite to join the index. The company meets the criteria in terms of size. But the shares are not traded frequently enough.
