Most Bulgarian equity indices rise, Elana Agrocredit lifts SOFIX

SOFIX was boosted by agricultural leasing company Elana Agrocredit [BUL:EAC], which jumped by 5.00% to 1.11 levs, and pharmaceuticals producer Sopharma [BUL:SFA], which climbed by 1.32% to 6.14 levs.

The two companies also advanced the BGTR30, in which companies with a free float of at least 10% have equal weight, by 0.05% to 816.78 points. The index was further buoyed by a 1.80% increase in venture capital firm Eleven Capital [BUL:11C] to 17.00 levs.

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, closed 0.08% higher at 165.23 points on the back of the increases at Elana Agrocredit and Eleven Capital. Its biggest gainer, however, was aluminium products manufacturer Alcomet [BUL:ALCM], which surged 7.69% to 7.00 levs.

By contrast, the BEAMX index, which tracks the ten most highly capitalised growth companies, shed 1.70% to 96.48 points. It was mostly set back by a 6.67% drop in financial services company ITF Group [BUL:ITF] to 4.90 levs.

The BGREIT index, which tracks seven real estate investment trusts, ended flat at 191.61 points as none of its constituents posted any changes from Friday's close.

Velgraf Asset Management [BUL:VAM] generated the day's highest turnover, at some 4.91 million levs ($2.67 million/2.51 million euro), after 1.05 million shares changed hands. The stock closed flat at 4.68 levs.

Total turnover on the main market of the Sofia bourse slipped to a little over 9.9 million levs on Monday from 14.14 million levs on Friday.

(1 euro = 1.95583 levs)