BG40 Index

On February 1st, 2005, BSE – Sofia launched its broader index BG40 with the base value of 100 points.

Annual Percent Growth of BG40:

• 2005 – 33.42%
• 2006 – 49.80%
• 2007 – 159.00%

BG40 is based on the issues of shares of the Top 40 companies, graded by the number of transactions executed in the last six months.

The issues included in the calculation of the BG40 index should meet the following criteria.

• To be fully subscribed to and secondary tradable, and
• To have been registered for trading on the Official or Unofficial Market for at least 3 months before entering the index. In case an issue is transferred for trading from the Unofficial to the Official Market, then the registration date of the issue for trading on the Unofficial Market will be considered the initial date.

40 companies take part in the index calculation.

BG40 Index chart


BG40 is calculated as the base value of the index is multiplied by the ratio between the sum of the weighted average price of the shares into the index portfolio, corrected by the divisor for each company and the sum of the weighted average price of the shares as of the start date of the Index and then multiplied by the adjusting coefficient of the index base.

Company List – BG40 Portfolio – effective 13.03.2008:

BSE – Sofia Symbol	Company
ATERA	Advance Terrafund REIT – Sofia
ALB	Albena AD – Albena
ALBHL	Albena Invest Holding AD – Albena
AROMA	Aroma AD – Sofia
SEVTO	Bulgarska Roza-Sevtopolis AD – Kazanlak
BHC	Bulgarian Holding Company AD – Sofia
DEVIN	Devin AD – Devin
DOVUHL	Doverie United Holding PLC – Sofia
EUBG	Eurohold Bulgaria AD – Sofia
ELARG	Elana Agricultural Land Opportunity Fund REIT – Sofia
ELHIM	Elhim Iskra AD – Pazardzhik
ZAHZA	Zaharni Zavodi AD – Gorna Oryahovitsa
EURINS	Insurance Company Euro Ins – Sofia
HIKA	Industrial Capital Holding AD – Sofia
IHLBL	Industrial Holding Bulgaria PLC – Sofia
KAO	Kaolin AD – Senovo
ODES	Odessos Shiprepair Yard AD – Varna
LOMSKO	Lomsko Pivo AD – Lom
MONBAT	Monbat AD – Sofia
MOSTS	Moststroy AD – Sofia
MCH	M+S Hydraulic AD – Kazanlak
OTZK	Lead & Zinc Complex PLC – Kardzhali
ORGH	Orgachim AD – Ruse
BRP	Bulgarian River Shipping AD – Ruse
PET	Petrol AD – Sofia
GAMZA	Severcoop Gamza Holding AD – Sofia
PETHL	Synergon Holding AD – Sofia
SFARM	Sopharma AD – Sofia
ELTOS	Sparky Eltos AD – Lovech
CENHL	Stara Planina Hold AD – Sofia
BACB	CB Bulgarian American Credit Bank AD – Sofia
CORP	CB Corporate Commercial Bank AD – Sofia
FIB	CB First Investment Bank AD – Sofia
CCB	CB Central Cooperative Bank AD – Sofia
TCH	TK-Hold PLC – Sofia
TOPL	Toplivo AD – Sofia
FZLES	Fazerles AD – Silistra
CHIM	Chimimport AD – Sofia
HVAR	Holding Varna A AD – Varna
CHUG	Chugunoleene AD – Ihtiman