During the past week, all four indices on theBulgarian Stock exchange registered negative results at the close of business on Friday. After the decrease in the beginning of the week for a considerable part of the items traded, some of them restored their values at the end of the week which was reflected in the levels of the indices.
With SOFIX, BG40 and BG TR30 the decrease after the close of business on Friday was below 1%, or 0.29%, 0.45% and 0.49% respectively. The lowest level reached by SOFIX during the week was on Tuesday at 1901.5 points at the close of business, accompanied by BG40 at 602.98 points and BGTR30 at 1191.1 points.
With BGREIT which includes special-purpose vehicles, the decrease added up to 1.49%. During the past week, this index ranged between 104.67 and 102.81 points.
Data for trading on the Bulgarian Stock Exchange-Sofia
period 08.10.2007 − 12.10.2007
| market segment | Volume | Value |
| Unofficial rights market Segment A | 4 468 865 | 46 255 403.37 |
| Unofficial rights market Segment B | 1 076 407 | 51 175 205.09 |
| Unofficial rights market |
61 683 |
124 364.06 |
| Unofficial bonds market | 871 | 1 759 404.18 |
| Official market Segment A | 547 094 | 7 444 379.76 |
| Official market Segment B | 3 968 418 | 36 222 840.27 |
| Official market Segment C | 0 | 0.00 |
| Official market corporate bonds | 232 | 306 932.30 |
| Compensatory market | 641 943 | 306 076.00 |
| ipo Other Securities | 0 | 0.00 |
| TOTAL | 10 765 513 | 143 594 605.03 |
| Previous week | Current week | |||
| 28.9.2007 | 12.10.2007 | Changes | % | |
| SOFIX | 1952.28 | 1946.55 | -5.73 | -0.29 |
| BG40 | 613.88 | 611.14 | -2.74 | -0.45 |
| BG TR30 | 1219.35 | 1213.38 | -5.97 | -0.49 |
| BG REIT | 104.37 | 102.81 | -1.56 | -1.49 |
Changes in the indices on the Bulgarian Stock exchange for the reviewed period
SOFIX 08-12.10.2007
| Date | Value | Changes (%) | |
| 12.10.2007 | 1946.55 | 1.55% | 4 878 771.49 |
| 11.10.2007 | 1916.79 | -0.04% | 6 968 449.85 |
| 10.10.2007 | 1917.5 | 0.84% | 3 647 075.27 |
| 09.10.2007 | 1901.5 | -2.17% | 5 917 692.05 |
| 08.10.2007 | 1943.65 | -0.44% | 6 227 384.75 |
BG40 08-12.10.2007
| Date | Value | Changes | |
| 12.10.2007 | 611.14 | -0.31% | 5 885 790.89 |
| 11.10.2007 | 613.05 | 0.51% | 6 770 469.06 |
| 10.10.2007 | 609.92 | 1.15% | 5 474 991.76 |
| 09.10.2007 | 602.98 | -2.74% | 7 360 066.21 |
| 08.10.2007 | 619.99 | 1.00% | 7 791 994.44 |
BG TR30 08-12.10.2007
| Date | Value | Changes |
| 12.10.2007 | 1213.38 | 0.68% |
| 11.10.2007 | 1205.23 | 0.43% |
| 10.10.2007 | 1200.12 | 0.76% |
| 09.10.2007 | 1191.1 | -1.75% |
| 08.10.2007 | 1212.27 | -0.58% |
BG REIT 08-12.10.2007
| Date | Value | Changes |
| 12.10.2007 | 102.81 | -1.41% |
| 11.10.2007 | 104.28 | 0.44% |
| 10.10.2007 | 103.82 | -0.16% |
| 09.10.2007 | 103.99 | -0.65% |
| 08.10.2007 | 104.67 | 0.29% |
SOFIX (chart)
BG40 (chart)
BG TR30 (chart)
BG REIT (chart)
Winners (table)
Losers (table)
The greatest price rise for the shares of the representatives of these indices was achieved byLead & Zinc Complex PLC-Kardzhali /OTZK/ - 14.46%. 28 163 lots were traded during the week with capitalization exceeding BGN 3 million and shares sold at more than BGN 119.
Industrial Holding Bulgaria PLC-Sofia /IHLBL/ is the other company whose shares turned out to be one of the most successful for investors gaining 6.51%. The shares exchanged during the week reached BGN 3.4 million with certain transactions striking prices above BGN 16.
Doverie United Holding PLC-Sofia /DOVUHL/ and CB Central Cooperative Bank AD-Sofia /CCB/ gained 5.78 % and 4.76 % respectively.
After last week’s growth the shares of Bulgarska Roza-Sevtopolis AD-Kazanlak /SEVTO/ lost 10.84% of their price this week. The other losers for the week were Zaharni Zavodi AD-Gorna Oryahovitsa /ZAHZA/ with a 10.09% decrease followed by Alcomet AD-Shumen /ALUM/ - 9.16% - and CB Bulgarian American credit Bank AD-Sofia /BAC – 6.66%.
As to special-purpose vehicles representatives of BGREIT, Bulgarian Real Estate Fund REIT-Sofia /BREF/ was the leader with its price rise of 7.35%. At the other end of the line stood the shares of Intercapital Property Development REIT-Sofia /ICPD/ which lost 9.8%.
The financial statements submitted for the first three quarters by Kaolin AD-Senovo report net unconsolidated profit of BGN 15,7 million which is 2,32 grater than the profit for the same period of last year according to the company’s financial statements. During this year, the company sold its companies Keramichni Materiali EOOD and BRP Invest EOOD to Alpha Finance Holding AD and acquired a majority of the shares of PKSP –ООО, which is one of the leading quartz sand producers in Ukraine. 57% of its sales result from production and 27% - from services.
During the week the Financial Supervision Commission approved the initial public offering prospectus of Trace Group Hold. The company will offer 200 000 shares with par value of BGN 1 and issue value of BGN 110,50. After this increase the shares of the company will reach 2,2 million. The Trace Group Hold comprises 10 companies in the field of road construction services, repairs, constriction, rehabilitation and maintenance of the road grid and urban services. The major shareholder is Nikolay Mihailov holding about 88.6% of the capital directly and 10.9 % indirectly through associated persons, or a total of 99.5%. Considering the oversubscription exceeding the number of shares offered almost three times, the majority shareholder intends to offer 40 000 more shares of the existing capital of the company.
The management of Agro Finance REIT – Sofia resolved on increasing the share capital of the company to BGN 32 275 908 by issuing 16 137 954 new shares, each with par value of BGN 1 and issue value of BGN 1,20. 16 137 954 rights were issued with a ratio between issued rights and new shares of 1/1.
Secondary trade with the shares of United Properties starts on October 17. The amount of the issue of the REIT for real estate securitization is BGN 650 thousand allocated into 650 thousand shares with par value of BGN 1. The company is planning to invest in real estates ad real rights thereto, existing buildings or buildings under construction designated for residential, public servicing, trade, office and other purposes.
Mutual Funds Performance – up to date 12.10.2007 (table)
news Capman Financial Group
Capman Mutual Funds with assets exceeding BGN 100 million
Sofia, October 11, 2007 – The assets of the collective investment schemes managed by Capman financial group exceeded BGN 100 million. According to the last calculation, the amount of assets held by Campan Capital investment company is BGN 19.87 million and Capman Max mutual fund has collected BGN 81.05 million.
Investors in the mutual funds managed by Capman financial group have exceeded 2600. They include persons, entities as well as institutional investors.
Capman Max maintains a moderately high risk profile. The fund was launched on January 05, 2006. According to its investment policy and strategy, Capman Max invests mainly in shares traded on regulated markets in Bulgaria and abroad under permitted share exposition of up to 90% of the assets. As at 30.09.2007 the fund holds shares traded on the Bulgarian Stock Exchange- Sofia AD representing 72.25% of the total assets of the fund. Capman Max holds shares of other investment companies/mutual funds as well, amounting to 2.7% of the total assets of the fund. Cash and money in current deposits represent 24.51% and receivables amount to 0.54% of the shares of Capman Max mutual fund. The yield realized from the beginning of the public offering to date is +132.16% p.a. and the yield as of the beginning of 2007 amounts to + 116.38%.
Capman Capital is an open-type investment company which was launched on September 28, 2004. The fund has a balanced investment portfolio. As at 30.09.2007 corporate and municipal bonds represent 13.10% of the total value of the shares held by the investment company. The shares traded on the Bulgarian Stock Exchange-Sofia AD amount to 45.35% of the value of the portfolio, investments in investment companies amount to 9.92% of the total assets of the fund and government securities amount to 5.32%. The yield realized from the beginning of the public offering to date is +56.83% p.a. and the yield as of the beginning of 2007 amounts to +75.77%.
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Copyright: 2007 Capman AD. All rights reserved. For further Information please contact Capman, 8 Tri Ushi Str., Fl. 6, 1301 Sofia, Bulgaria
Tel. ++359 2 810 60, fax: +359 2 810 60 33, e-mail: mail@capmanbg.com, web site: http://www.capmanbg.com
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Capman Weekly 8-12.10.2007.pdf, 201 Kb
