August 20 (SeeNews) - The Bulgarian Stock Exchange (BSE) said it decided on Thursday to replace four of the components of its BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight.
The change will be enforced from September 23, BSE said in a statement.
BSE will drop from the index insurer Euroins, also part of the blue-chip SOFIX index, as well as Industrial Capital Holding, road construction company Moststroy and hardboard producer Fazerles, all part of the broader BG40 index.
They will be replaced with real estate investment trust (REIT) Agro Finance, part of the BG-REIT index, which tracks the performance of REITs; Advance Equity Holding, water bottling company Devin, part of BG40, and Bulgaria Real Estate Fund, another BG-REIT component, the statement said.
BG TotalReturn30, launched in September 2007, is revised twice a year.
The index rose 0.70% to 329.44 points on Thursday.