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Bulgarian Stock Exchange indices rise after rebalancing announcement

Author Mario Tanev
Bulgarian Stock Exchange indices rise after rebalancing announcement Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 11 (SeeNews) - Bulgarian Stock Exchange indices closed higher on Wednesday, after the exchange operators announced after the end bell on Tuesday changes to the composition of the indices, which will take effect as of September 24.

The changes will see resort operator Albena [BUL:6AB] and car battery maker Monbat [BUL:5MB] replace hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] and diversified group Stara Planina Hold [BUL:5SR] in the composition of the blue-chip SOFIX index.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, will have five new members, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, will see four new entrants. No changes will be made to the composition of the BGREIT index, which tracks the performance of real estate investment trusts.

The SOFIX closed the session 0.33% higher at 578.22 points, backed by a 1.98% rise in the share price of Industrial Holding Bulgaria [BUL:4ID].

Stara Planina Hold was the only decliner among blue chips, with a 1.92% decrease in its share price, while M+S Hydraulic shares closed unchanged.

Albena shares soared 4.37% to 43 levs, while Monbat shares gained 1.52% to 6.7 levs.

The BGBX40 ended the session 0.27% up at 113.58 points, while the BGTR30 advanced 0.18% to 508.53 points.

The BGREIT closed flat at 126.64 points.

(1 euro = 1.95583 levs)