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Trade in govt securities boosts Sofia bourse turnover, SOFIX gains 1.01%

Author Mario Tanev
Trade in govt securities boosts Sofia bourse turnover, SOFIX gains 1.01% hxdbzxy/

SOFIA (Bulgaria), July 31 (SeeNews) - Trade in government securities generated 95% of the regulated market turnover on the Bulgarian Stock Exchange on Tuesday, bourse data shows.

A total of 10,000 ten-year government bonds changed hands on the Sofia bourse, generating a turnover of 11.2 million levs ($6.7 million/5.7 million euro). The securities carry an annual coupon of 2.3% with payments due twice per year.

The blue-chip SOFIX index rose 1.01% to 634.03 points, supported by a 5.66% growth in the share price of car battery maker Monbat [BUL:5MB], which ended the trading session at 8.4 levs.

On Monday, Monbat said its non-consolidated net profit in the first half of 2018 more than tripled to 9.9 million levs, compared to 3.2 million levs in the same period of last year. The company's revenue grew to 154.7 million levs in the first six months of 2018 from 146.8 million levs the year before.

The other major blue-chip gainer during the trading session was diversified group Holding Varna [BUL:5V2], which added 5.06% to a closing price of 37.4 levs.

Software developer Sirma Group Holding [BUL:SKK] fell the most among blue chips, closing 1.14% lower at 0.87 levs. After market hours on Monday, Sirma Group Holding announced its non-consolidated net profit shrank to 189,000 levs in the first half of 2018 from 1.0 million levs the year before, after the company's operating expenses more than doubled to 3.3 million levs in the review period from 1.3 million levs a year earlier.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, rose 0.52% to 122.70 points during the trading session.

Printing and advertising firm Billboard [BUL:5BP] rose the most among BGBX40 components, closing 16.13% higher at 0.36 levs. On Monday, the company announced its non-consolidated net profit increased to 398,000 levs in January-June from 276,000 levs in the same period of 2017.

The BG-REIT index, which tracks the performance of real estate investment trusts (REITs), closed unchanged at 115.86 points.

The BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, added 0.53% to 525.48 points.

(1 euro = 1.95583 levs)