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Oct 02, 2007 17:22 EEST
SOFIA (Bulgaria), October 2 (SeeNews) – Bulgarian blue-chip stock index hit a record high for a fourteenth day running on Tuesday in active trading as optimism continued to dominate on the bourse in Sofia, brokers said.
The SOFIX index of the 17 blue chips added 2.27% to 1,903.69 points, while the broad BG 40 index gained 4.3% to 564.42 points, also a record high.
“It seems that investors are optimistic. Shares like [industrial conglomerate] Chimimport and [car battery maker] MonBat, which have been rising lately, went up further,” one broker said.
Chimimport ended 2.3% higher at 17.9 levs on a volume of nearly 129,000 shares and MonBat rose 4.8% to 30.5 levs with some 25,630 shares changing hands.
Another gainer on Tuesday was heavyweight paint and coatings producer Orgachim, which rose 10.6% 730.1 levs in a volume of some 2,030 shares with no particular news to back the rise, the broker said.
Drug maker Sopharma was among the actively traded issues on Tuesday because of news that the company plans to list on the Warsaw Stock Exchange, the broker added. Company stocks rose 5.4% to 8.75 levs in a volume of some 90,550 shares.
On Tuesday 87 shares rose, 67 fell and 23 closed unchanged.
BSE's BG TotalReturn30 (BG TR30) index, in which companies with a free float of at least 10% have equal weights, appreciated 1.45% to 1,198.29. The BG-REIT index, which tracks the performance of real estate investment trusts traded on the stock exchange, lost 0.67% to 106.77.
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, gained 1.7% to 299.63 points.
BSE's total turnover fell to 25.2 million levs ($18.2 million/12.9 million euro) from 25.7 million levs on Monday.
(1 euro = 1.95583 Bulgarian levs)
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