Bulgarian stock indices grow on Eurohold, Trace Group gains

The SOFIX was boosted by a 4.83% climb in energy and insurance group Eurohold Bulgaria [BUL:EUBG] to 1.52 levs but with a weak volume of 500. Additionally, bourse operator Bulgarian Stock Exchange [BUL:BSE] was lifted 4.00% to 13.00 levs.

Financial leasing company Elana Agrocredit [BUL:EAC] was the main SOFIX decliner on the day, slipping 1.87% to 1.05 levs.

Eurohold Bulgaria and Bulgarian Stock Exchange also helped the BGTR30, in which companies with a free float of at least 10% have equal weight, to notch up 0.17% to 799.15 points. The index's progress was limited by a 2.72% decline in software developer Sirma Group Holding [BUL:SGH] to 0.715 levs.

By contrast, the wider BGBX40, which tracks the 40 most traded shares on the Sofia bourse, made a larger gain, of 0.70% to 158.48 points. This was due to a 5.82% jump in civil engineering contractor Trace Group Hold [BUL:T57] to 4.00 levs as well as a 5.07% advance in aluminium producer Alcomet [BUL:ALCM] to 7.25 levs, both with small trading volumes. Furthermore, Synergon Holding [BUL:SNRG] went up 4.95% to 1.06 levs.

The BGREIT index, which tracks seven real estate investment trusts, was driven up by a 1.54% increase in Bulgarian Real Estate Fund REIT [BUL:BREF] to 2.64 levs. The BGREIT added 0.19% to 193.78 points.

As for the BEAMX, which tracks the ten most highly capitalised growth companies, it ticked up 0.45% to 102.46 points, as a result of a 3.11% climb in organic foods producer and distributor Smart Organic [BUL:SO] to 19.90 levs.

Total turnover on the main market of the Bulgarian Stock Exchange decreased to 1.06 million levs ($592,772/541,969 euro) on Tuesday from some 1.89 million levs on Monday.

Medical supplies manufacturer Etropal [BUL:ETR] contributed the largest individual turnover, of 63,848 levs. Etropal closed flat at 4.60 levs after 13,880 shares changed hands.

(1 euro = 1.95583 levs)