Most Bulgarian stock indices rise, AmonRa Energy shines

SOFIX was pushed upwards by energy and insurance group Eurohold Bulgaria [BUL:EUBG], which leapt by 4.52% to 1.62 levs, and diversified group Doverie United Holding [BUL:DUH], which rose by 2.09% to 8.78 levs.

Eurohold and Doverie also lifted the broader BGBX40, which tracks the 40 most traded shares on the Sofia bourse. The index increased by 0.05% to 156.47 points, further helped by machine engineering company Hydraulic Elements and Systems [BUL:HES], which advanced by 2.59% to 5.95 levs.

The BEAMX index, which tracks the ten most highly capitalised growth companies, jumped by 2.63% to 102.15 points. Its performance was driven by solar photovoltaic equipment supplier AmonRa Energy [BUL:AMON], which soared 28.63% to 15.95 levs, and Webit Investment Network [BUL:WIN], which went up 2.14% to 0.715 levs.

On the other hand, the BGTR30 index, in which companies with a free float of at least 10% have equal weight, dipped by 0.04% to 787.33 points. It was constrained by a 5.08% drop at hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] to 11.20 levs and a 1.92% tumble at agricultural leasing company Elana Agrocredit [BUL:EAC] to 1.02 levs.

The BGREIT, which tracks seven real estate investment trusts, lost 0.06% to 191.23 points, following a 0.30% slip at Advance Terrafund REIT [BUL:ATER] to 3.28 levs.

Total turnover on the main market of the Bulgarian Stock Exchange grew to some 6.83 million levs ($3.76 million/3.49 million euro) on Monday from 4.96 million levs on Friday.

Concord Fund-7 South-East Europe [BUL:CCR7] was the day's most liquid stock, generating 2.93 million levs with 209,200 shares changing hands. The company's shares closed unchanged at 14.00 levs.

(1 euro = 1.95583 levs)