BEL 20 changes: KBC sees Elia in, Barco out
22/02/2021 12:15
** KBC Securities believes grid operator Elia ELI.BR will
join Belgium's blue-chip BEL 20 index .BFX , while visual tech
firm Barco BAR.BR will be forced to leave
** It expects the changes in the index composition to be
announced several days before March 19, when the reshuffling
takes effect
** KBC calculates that Barco has fallen below 22nd position,
and believes it will therefore be removed from the index
** Broker says Elia is "the most likely candidate to replace
Barco" thanks to its free float adjusted market and a
sufficiently high velocity of above 35%
** KBC flags Melexis MLXS.BR as another possible candidate
(in 19th place), but says it would not be able to enter the
index unless another company leaves - such as Telenet TNET.BR
** However, KBC believes Telenet will not leave as existing
members should continue to be privileged
((anait.miridzhanian@thomsonreuters.com))