Bulgarian Stock Exchange Revises Indices

Bulgarian Stock Exchange Revises Indices

The Bulgarian Stock Exchange (BSE) said it will make changes to the composition of its blue-chip index SOFIX, and the broader BG 40 and BGTR 30 indices as of September 23.
Fertilizer producer Neochim  will replace mineral extracting and processing company Kaolin in the SOFIX index which tracks the 15 most liquid shares on the BSE, the stock exchange operator said in a statement.
Seven components will be dropped from the BG 40 index, which includes the 40 most traded shares on the BSE, and six will be removed from BG TR30. As many will be added to the two indices. 
The Bulgarian stock exchange will replace the BG 40 index with another broad index as of January 1, 2014, the bourse operator also said.
No changes will be made to the composition of the BG REIT index, which tracks the performance of real estate investment trusts.
 
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