Bel20 index reaches 18-year-high

Belga News Agency reported that Belgium’s Bel20 Index, which includes the 20 largest publicly traded companies in the country, has reached a record high on August 14th, surpassing the previous record set in 2005 by climbing over 4,756.9 and breaking it.

The milestone is the result of a very long recovery after the 2008 financial crash, which was particularly hard on the Belgian Stock Market due to its exposure to Fortis and Dexia. said. 

Bel20 has increased approximately 17 percent in the past 12 months and by more than ten per cent since its start. Analysts warned, however, that this record is a result of global economic uncertainty. According to them, caution is needed as a possible market correction remains in the future.

Bel20’s value is slow-growing

Bel20, unlike markets in Paris and Frankfurt, where fast-growing luxury, industrial and tech companies boosted the market in previous years, has been dominated for a long time by “value stocks” that are slow-growing, but pay out high dividends and have limited expansion.

VRT said.

The index was boosted by recent strong performances of biotech company Argenx, KBC Bank, and pharmaceutical group UCB as well as renewed interest in European stocks. The news agency also added that those who invested in Bel20 shares and held them for a long time have earned significant dividends.

Key Points from the Trading Session of August 14, according Brussels Times

• Peak Performance: This index reached its highest level since May 2007 after gaining 0.44% in the previous session.
• Recent Growth: In the past month the BEL20 index has increased by 4.81%. It is up 17.63% from the same time last.
• Global Context – The surge coincides with record levels in other global stock markets, despite mixed quarter results from Alphabet and Tesla.
• Trading Economics data shows that the BEL20 reached its all-time highest level in May 2007 at 4,759.01 dollars.