The Bulgarian Stock Exchange in Sofia is launching a new market index on 1 February. The companies included in the BG-40, which will be fixed the day before, will appear on the basis of their stock prices irrespective of market capitalisation – each company will have the same weight.
“Following the increased interest among investors in the Bulgarian Stock Exchange, this new index can be seen as the first of a series of preparatory steps towards the eventual introduction of derivatives trading,” says Miroslav Velikov, head of custody at HVB Bank Biochim in Sofia.