SSIF Broker and Biofarm to replace Oltchim and Azomures in BET index

The structure of BET index, which gauges the performance of the 10 most liquid shares listed on the Bucharest Stock Exchange (BSE) will be modified on August 27, when the shares of Oltchim and Azomures will be removed and replaced with those of SSIF Broker and Biofarm, reads a BSE announcement. The weight of each stock symbol in the structure of the BET index will be calculated on the basis of closing prices registered in today’s trading session, according to a BSE statement. The Indices Committee on Monday approved the new methodology for the calculation of BSE indices, which aims to increase their relevance and turn the BET and BET-FI into the main underlying assets for the derivatives market and for the creation of structured financial products, added the BSE statement. The BET (Bucharest Exchange Trading) Index was launched on September 1997 to reflect the overall trend of prices of the 10 most liquid and active traded companies, excluding the SIFs.