May 29 (SeeNews) - The Bulgarian Stock Exchange (BSE) [BUL:BSO], which operates Bulgaria's sole stock exchange, saw a hefty 13.33% rise in its share price on Wednesday, helping lead part of the local indices to green territory.
Before the start of the trading session, BSE reported that its consolidated net profit grew to 1.35 million levs in the first quarter of 2019 from 1.06 million levs in the like period of 2018. REvenue rose to 2.8 million levs from 2.0 million levs the year before.
BSE is a member of the of the wider BGBX40 index and the equally-weighted BGTR30 index.
The wider BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, gained 0.45% to 114.44 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, rose 0.55% to 498.74 points.
The blue-chip SOFIX index rose 0.13% to 572.56 points, as diversified group Stara Planina Hold [BUL:5SR] and its affiliate M+S Hydraulic [BUL:5MH] led gainers with rises of 3.34% and 2.0%.
Earlier on Wednesday, Stara Planina Hold announced that its consolidated net profit in the first quarter of 2019 remained practically unchanged -year on year at 6.4 million levs before minority interest and 2.4 million levs after minorities. Revenue also stayed flattish, at 63 million levs.
The BGREIT index, tracks real estate investment trusts, closed the session 0.15% lower at 121.16 points, as a 0.52% rise in the share price of Bulgarian Real Estate Fund REIT [BUL:5BU] was offset by a 1.31% drop in Advance Terrafund REIT [BUL:6A6] shares.
Total regulated market turnover rose to 467,000 levs ($266,000/239,000 euro) on Wednesday from 297,000 levs on Tuesday.
(1 euro = 1.95583 levs)