M+S Hydraulic, Elana Agrocredit to rejoin Sofia bourse's blue-chip index

As a result of the bi-annual revision of the composition of the four main indices, the two companies will replace battery manufacturer Monbat [BUL:MONB] and poultry producer Gradus [BUL:GR6], BSE said in a press release on Monday.

Monbat and Gradus were included in the 16-member SOFIX during the prior index base revision in March 2018, replacing the two companies that are now returning to the benchmark index.

BSE also conducted revisions to the composition of the other three main indices, which will also come into effect on September 18.

Six companies will drop out of the BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse. These companies are Tchaikapharma High Quality Medicines [BUL:THQM], Sopharma Properties [BUL:SFI], Fazerles [BUL:FZLS], Elhim Iskra [BUL:ELHM], Balkan and Sea Properties REIT [BUL:BSP] and Bulgarian River Shipping [BUL:BRP].

In their place, BGBX40 will include Bravo Property Fund REIT [BUL:BPF], Trace Group Hold [BUL:T57], Galata Investment Company [BUL:GTH], Holding Nov Vek [BUL:HNVK], Rodna Zemya Holding [BUL:HRZ] and Industrial Capital Holding [BUL:HIKA].

The BGTR30 index, in which companies with a free float of at least 10% have equal weight, will have four new additions -- Telelink Business Services Group [BUL:TBS], Holding Nov Vek [BUL:HNVK], Himsnab Bulgaria [BUL:CHSB] and Holding Sveta Sofia [BUL:HSOF].

The four BGTR30 dropouts are Sopharma Properties [BUL:SFI], Monbat [BUL:MONB], First Investment Bank [BUL:FIB] and Albena [BUL:ALB].

The BGREIT index, which tracks seven real estate investment trusts, will see only one change. Sopharma Buildings [BUL:SFB] will replace Intercapital Property Development REIT [BUL:ICPD].

The BSE also determined the composition of its newly announced beamX index, which will track the ten most highly capitalised companies out of the 16 listed on the beam growth segment. The beamX constituents are Dronamics Capital [BUL:DRON], ImPulse I [BUL:IMP], HR Capital [BUL:HRC], Smart Organic [BUL:SO], Biodit [BUL:BDT], Webit Investment Network [BUL:WIN], Sin Cars Industry [BUL:SIN], MFG Invest [BUL:MFG], AmonRa Energy [BUL:AMON] and Bee Smart Technologies [BUL:BEE].