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Sep 18, 2007 15:13 EEST
SOFIA (Bulgaria), September 18 (SeeNews – The Bulgarian stock indices hit highs for a fourth day in a row on Tuesday helped by a boost in liquidity following the end of the summer period, brokers said.
The SOFIX index of the 17 blue-chip shares on the Bulgarian Stock Exchange (BSE) rose 0.82% to a fresh high of 1,701.15 points, while the broad BG 40 index gained 2.55% to a record high of 474.59 points.
“The vacation period is over and most investors are back, which contributed to the rise of liquidity and the positive sentiment,” Tsvetelina Ivanova, a broker with STS Finance, told SeeNews.
She added the trend was likely to remain upward for a week.
Shares in paint and varnish producer Orgachim, which have supported the rise of the two indices in the past few days, extended their gains on Tuesday, closing 5.0% higher at 572 levs in volume of some 440 shares, Ivanova said.
Among the strongest gainers on Tuesday were hydraulic equipment maker M+S Hydraulic and diversified holding company Severcoop Gamza, she added.
M+S Hydraulic ended at 17.5 levs, up 14.4% with some 11,240 shares changing hands, while Severcoop Gamza surged 20.1% to a close of 4.35 levs in a volume of about 12,360 shares.
BSE's BG TotalReturn30 (BG TR30) index, including companies with a free float of at least 10% having equal weights in the index, added 1.47% to 1,070.38 points.
The BG-REIT index tracking the performance of real estate investment trusts traded on the stock exchange, lost 0.85% to 99.32 points.
The Dnevnik 20 index, calculated by local business daily Dnevnik from the share prices of the 20 leading companies in terms of liquidity and market capitalisation, rose 1.7% to 268.61 points.
BSE's total turnover rose to 16.3 million levs from 11.7 million levs on Monday.
(1 euro = 1.95583 Bulgarian levs)
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