Agria, Sirma Group to join Sofia bourse blue-chip index

Following a semi-annual revision of the five bourse indices' composition, the two companies will replace fertiliser producer Neochim [BUL:NEOH] and pharmaceuticals trader Sopharma Trading [BUL:SFT], the BSE said in a press release last week.

The BSE has also conducted revisions to the composition of its four remaining indices, which will also come into effect on March 18, it said in a separate statement.

Seven companies will leave the BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse. The companies are real estate investment trust (REIT) Bravo Property Fund [BUL:BPF], Industrial Capital Holding [BUL:HIKA], diversified group Holding Nov Vek [BUL:HNVK], diversified group Rodna Zemya Holding [BUL:HRZ], diversified group Industrial Holding Bulgaria [BUL:IHB], parcel delivery company Speedy [BUL:SPDY] and construction company Trace Group Hold [BUL:T57].

They will be replaced by fuel retailer Petrol [BUL:PET], Sopharma Buildings REIT [BUL:SFB], Zlaten Lev Holding [BUL:HLEV], software and IT services group Bianor Holding [BUL:BNR], printing and advertising company Billboard [BUL:BBRD], Balkan and Sea Properties REIT [BUL:BSP] and Texim Bank [BUL:TXIM].

The BGTR30 index, in which companies with a free float of at least 10% have equal weight, will have five new constituents - First Investment Bank [BUL:FIB], Texim Bank, Sopharma Buildings, Central Cooperative Bank [BUL:CCB] and Zlaten Lev Holding.

The five companies to leave the BGTR30 are Holding Nov Vek, diversified group Sila Holding [BUL:HSI], diversified group Holding Sveta Sofia [BUL:HSOF], Neochim and Telelink Business Services Group [BUL:TBS].

The BEAMX, which tracks the ten most highly capitalised growth companies, will replace beehive-monitoring software developer Bee Smart Technologies [BUL:BEE] with financial services company ITF Group [BUL:ITF].

The constituents in the BGREIT index, which tracks seven real estate investment trusts, will remain unchanged, the BSE added.