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Bulgarian Stock Indices Mostly Fall, Trading in Corporate Bonds Drops

Dec 1, 2009, 6:02:58 PMArticle by Iva Doneva
share
December 1 (SeeNews) - Three out of the four share indices of the Sofia bourse ended in the red on Tuesday and trading in corporate bonds decreased, bourse data showed.

Bulgarian Stock Indices Mostly Fall, Trading in Corporate Bonds Drops

The SOFIX index, which comprises the 20 most liquid shares trading on the Bulgarian Stock Exchange (BSE), was the only one to buck the decline, inching 0.1% higher to 452.23 levs. On Monday, the index added 0.33%.

The broader BG40 index, which tracks the 40 most traded shares on the bourse, on Tuesday slid 0.08% to 122.71 points after rising 0.21% a day earlier.

Total turnover, excluding block and other pre-agreed deals, fell to 6.9 million levs ($5.3 million/3.5 million euro) from 12.8 million levs on Monday when trading in bonds accounted for 12.5 million levs of the total.

Bonds of real estate investment trust (REIT) Health and Wellness were the only corporate bonds that were traded on Tuesday. A total of 3,200 bonds of these bonds changed hands at 91.5 euro, down 0.54%. On Monday, 6,500 bonds of the same REIT were traded, falling 0.75% to 92.0 euro.

On Tuesday, advancers led decliners 33 by 30 and seven shares ended flat.

Eighteen of the 20 blue chips were traded, half of which lost ground, one closed unchanged flat and the rest moved higher. Drug maker Sopharma and energy, engineering and construction group Enemona were the most liquid among the blue chips.

A total 51,930 Sopharma stocks changed hands, closing 1.22% higher at 4.07 levs, and 15,813 shares of Enemona were traded at 9.9 levs each, down 1.00%.

The BG-REIT index, which tracks the performance of real estate investment trusts, lost 1.68% to 47.39 points. The BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, ended 0.17% down at 343.93 points.

On Monday, the BG-REIT advanced 0.79% and the BG TotalReturn30 inched 0.1% higher.

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, advanced 0.09% to 64.45 points after it picked up by 0.53% the previous day.

(1 euro = 1.95583 Bulgarian levs)

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