Sofia Bourse Expands by 30% Price Ranges Triggering Halts in Trading

Sofia Bourse Expands by 30% Price Ranges Triggering Halts in Trading

The Bulgarian Stock Exchange (BSE) on Thursday said it expanded by 30% the price ranges causing suspension of trading due to high volatility on international markets.

The BSE rules require that the shares traded on the bourse's official market have a dynamic price range of 5.0% of the reference price, and the static price range is set at 10% of the last price achieved in an auction. The bourse can expand the price range by up to 30% for a single trading session to prevent suspension of trading.

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