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Sep 10, 2007 18:35 EEST
September 10 (SeeNews) - The two main share indices of the Bulgarian Stock Exchange (BSE) rose to all-time highs amid positive sentiment, brokers said.
The SOFIX index of the 16 blue-chip shares on the BSE gained 0.49% to 1,627.09 points closing a third session in a row at an all-time high, while the BG 40 index, tracking the 40 most liquid stocks on the exchange, gained 0.52% finishing at a record high of 431.61 points.
Among the biggest gainers on Monday were blue-chip car battery maker MonBat and diversified holding company Doverie Obedinen Holding, part of BG 40.
MonBat added 3.82% to close at 23.5 levs after peaking to a record 23.5 levs during the session. Doverie finished at 13.3 levs, up 9.9%, after hitting an all-time high of 13.45 levs intraday.
Doverie is among the companies which are expected to post higher net profits, Kliment Rudinski, broker at Sofia-based Bulbrokers, told SeeNews.
He added that on Monday rights for the capital increase of blue-chip holding company Chimimport attracted strong investor interest.
“Some 87,000 rights changed hands at prices between 0.36 and 0.60 levs,” Rudinski said.
Chimimport plans to issue 20,000,000 shares with a face value of one lev each and an issue price of 11 levs per share in the capital hike. Its stock closed at 14.05 levs, up 0.36%.
Rudinski said he expects the positive sentiment to continue to dominate the capital market this week.
BSE’s total turnover on fell to 13.4 million levs ($9.5 million/6.9 million euro) on Monday from 36.3 million levs on Wednesday. The Bulgarian stock market was closed Thursday and Friday for a public and market holiday.
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, added 0.14% to 251.04 points.
BSE’s BG TotalReturn30 (BG TR30) index, including companies with a free float of at least 10% having equal weights in the index, gained 0.58% to 1,020.27 points. The BG-REIT index based on market capitalisation corrected for the free float, of real estate investment trusts traded on the stock exchange, lost 0.96% to 98.92 points.
(1 euro = 1.95583 Bulgarian levs)
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