SOFIA (Bulgaria), December 23 (SeeNews) – Three of the four share indices of the Sofia bourse rose on Wednesday with debut trading in real estate firm Galata Investment Company lifting turnover nine-fold, bourse data showed.
The SOFIX index, which comprises the 20 most liquid shares trading on the Bulgarian Stock Exchange (BSE), rose 0.33% to 424.20 points after gaining 0.17% in the previous trading session.
The BG40, which tracks the 40 most traded shares on the bourse, dropped 0.85% to 117.08 points after an increase of 0.02% a day earlier.
Total turnover, excluding block and other pre-agreed deals, rose to 31.36 million levs ($22.96 million/16.03 million euro) from 3.35 million levs on Tuesday.
On Wednesday, 36 shares gained ground, 36 fell, and 12 ended unchanged.
Sixteen out of the 20 SOFIX components were traded on Wednesday. Six of them closed higher, one remained flat and the rest ended in the red.
The Galata Investment Company surged to 9,000 levs from its debut opening price of 530 levs in a volume of 2,890 shares.
The company, based in Varna on the Black Sea coast, has a share capital of one million levs ($0.75 million /0.51 million euro), distributed in 10,000 shares. It is 60% owned by local business group Chimimport.
The most liquid blue chip on Wednesday was electric tools producer Sparky Eltos which declined 1.09% to 2.27 levs in a volume of 41,292 shares.
Another newcomer to the bourse, Plovdiv-based Orpheus Club Wellness, gained 0.99% to 1.02 levs in a volume of 3,920 shares.
The BG-REIT index, which tracks the performance of real estate investment trusts, closed 0.67% higher at 46.79 points. The BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, gained 0.86% to 331.65.
On Tuesday, the BG-REIT ended 0.41% down and the BG TotalReturn30 gained 0.21%.
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 0.63% to 62.13 points after gaining 0.7% on Tuesday.
(1 euro = 1.95583 Bulgrian levs)