Nine Companies in BG40 With Free-Float Above 50%

Nine companies in the broad BG40 have free-float higher than 50%, data by the Financial Supervision Commission reveals.

Severcoop Gamza Holding tops the chart with 86%, followed by Advance Terrafund REIT and Doverie United Holding with 74% and 72% respectively.

Stara Planina Hold and TK Hold have free-float at respectively 68% and 61.8%, while Balgarska Roza Sevtopolis has 61.2%.

The free-float of tree other holdings included in the calculation of the index is higher than 50% - Industrial Holding Bulgaria, Synergon Holding and Albena Invest Holding.

Lomsko Pivo is number 10.

On the other hand, Aroma, Petrol and Zaharni Zavodi have the smallest free-floats.

As you know, the following stock leave BG40 as of 23 September: Chugunoleene, Bulgarian River Shipping Jsc, Albena, M+S Hydraulic, Devin, Lomsko Pivo, Severcoop Gamza Holding, Zaharni Zavodi and Holding Varna.

They will be replaced with Holding Roads, Zarneni Hrani Bulgaria, Trace Group Hold, Enemona, Billboard, Neochim, Favorit Hold, Polimeri, and Oil and Gas Exploration and Production.

Companyfree floatSevercoop Gamza Holding86,83%Advance Terrafund REIT74,36%Doverie United Holding72,82%Stara Planina Hold68,12%TK Hold 61,48%Bulgarian Holding Company61,21%Industrial Capital Holding55,74%Synergon Holding53,40%Albena Invest Holding52,45%Lomsko Pivo 48,19%Elana REIT46,25%Industrial Holding Bulgaria45,72%Odessos Ship Repair Yard 42,31%Balgarska Roza Sevtopolis37,66%Holding Varna32,97%Fazerles32,25%Euroins32,00%Orgachim30,72%Albena30,63%Eurohold Bulgaria29,34%Toplivo26,58%Devin25,94%Monbat24,63%Bulgarian-American Credit Bank 24,58%Central Cooperative Bank 24,27%Bulgarian River Shipping 23,19%M+S Hydraulic22,75%Elhim iskra22,74%Kaolin21,94%Sparky Eltos 21,70%Corporate Commercial Bank 21,35%Chimimport21,32%Moststroy21,13%Sopharma20,31%Chugunoleene16,89%First Investment Bank 15,00%Lead and Zinc Complex14,08%Aroma8,42%Petrol7,29%Zaharni Zavodi 6,05%

*Source: Bulgarian Stock Exchange