Bulgarian Stock Indices Sustain Rally in Slightly Lower Turnover

The SOFIX index, which comprises the 20 most liquid shares trading on the Bulgarian Stock Exchange (BSE), rose 0.77% to 466 points. On Monday, the SOFIX gained 2.48%.

The broader BG40 index, which tracks the 40 most traded shares on the bourse, advanced 0.08% to 126.30 points on Tuesday after picking up 1.59% in the previous session.

Total turnover, excluding block and other pre-agreed deals, dipped to 1.364 million levs ($1.04 million/0.7 million euro) from 1.568 million levs on Monday.

Thirty-six stocks rose, 28 fell and 15 closed flat on Tuesday.

All blue chips were traded on Tuesday with eight moving lower, one remaining unchanged and the rest gaining ground.

For a second day in a row the most liquid blue chip was Eurohold Bulgaria, trading in a volume of 93,656 stocks. It ended 0.136% lower at 1.468 levs.

The ordinary stock of industrial group Chimimport was traded in a volume of 81,907 shares, climbing 0.72% to 2.82 levs. Its preferred shares, of which 70,855 changed hands, gained 3.24% to 2.84 levs.

The BG-REIT index, which tracks the performance of real estate investment trusts, added 0.26% to 49.56 points, after rising 0.9% on Monday.

The BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, gained 0.40% to 352.51 points after rising 1.78% on Monday.

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, moved 1.81% higher to 67.54 points after gaining 1.78% on Monday.

(1 euro = 1.95583 Bulgarian levs)