The strong start on Thursday sent the index SOFIX almost 3% higher during the first trading hour. However, shares of Central Cooperative Bank (4CF) and Elana Agricultural Land Fund (4EC) undermined the gains to 1.5% lately. The best performing position was Lead and Zink Complex (5OTZ) after 12% increase, followed by Holding Roads (6H2) and First Investment Bank (5F4) with 6.6% and 5.5%, respectively. The market is revaluating the yesterdays’ monitoring report on Bulgaria by the European Commission. So far, the initial reaction is not negative and we can conclude that local investors are not very concerned at the moment and the news is already priced in.
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24 07 2008 Bulgaria Daily Report.pdf, 50 Kb
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