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Bulgarian Stocks Extend Rally amid Brisk Trade in Industrials

Sep 17, 2009, 4:48:48 PMArticle by Iva Doneva
share
September 17 (SeeNews) - Bulgarian share indices extended their rally on Thursday amid liquid trade in industrial stocks, bourse data showed.

Bulgarian Stocks Extend Rally amid Brisk Trade in Industrials

The SOFIX, which comprises the 20 most liquid shares trading on the Bulgarian Stock Exchange (BSE), gained 1.92% to 511.34 points after adding 2.44% on the previous day. The broader BG40 index, which tracks the 40 most traded shares on the bourse, rose 1.44% to 137.221 points after a 2.28% increase a day ago.

Turnover, excluding block and other pre-agreed deals, rose to 3.6 million levs ($2.7 million/1.8 million euro) from 2.38 million levs in the previous session.

On Thursday, 78 stocks advanced, 19 lost ground and 11 closed unchanged.

Industrial conglomerate Chimimport and industrial group Stara Planina Hold were the session's most liquid issues.

A total of 121,835 ordinary and 91,033 preferred Chimimport stocks were traded, gaining 1.66% and 1.66%, respectively, to 2.69 levs and 2.67 levs.

Stara Planina Hold soared 4.9% to 2.1 levs in a volume of 111,887 shares.

Blue-chip lender Central Cooperative Bank was the most traded financial stock on Thursday as 150,262 shares changed hands, closing up 1.41% at 1.65 levs.

Three of the 19 traded blue chips lost ground and the other 16 moved higher. The top blue-chip gainer was engineering, construction and energy group Enemona which advanced 6.04% to 12.3 levs in a volume of 6,885 stocks.

Real estate investment trust ELARG Agricultural Land Opportunity Fund led the SOFIX decliners, falling 3.06% to 0.95 levs as 7,015 shares changed hands.

The BG-REIT index, tracking the performance of real estate investment trusts, added 3.0% to 47.7 points and the BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, climbed 1.94% to 374.73 points.

On Wednesday, the BG-REIT added 1.91% and the BG TotalReturn30 rose 2.25%.

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 2.59% to 72.77 points.

(1 euro=1.95583 Bulgarian levs)

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