Sofia Bourse To Replace Two Components of Blue-chip SOFIX Index

Sofia Bourse To Replace Two Components of Blue-chip SOFIX Index

The Bulgarian Stock Exchange (BSE) said it will replace two of the 15 components of its blue-chip index SOFIX as of March 19.

The Sofia bourse has decided to drop from the index local resort operator Albena and Corporate Commercial Bank, replacing them with tobacco group Bulgartabac Holding and real estate investment trust ELARG Agricultural Land Opportunity Fund, data published on the BSE website showed.

The SOFIX tracks the 15 most liquid shares on the BSE.

BSE has four more indices. These include the broader BG40, comprising the 40 most traded shares, the BG-REIT, which tracks the performance of real estate investment trusts, the BG TotalReturn30, in which companies with a free float of at least 10% have equal weight, and the CGIX Corporate Governance index, formed by companies strictly applying corporate governance principles.

The SOFIX closed 0.29% higher at 310.17 points on Monday.

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