Sat, Feb 11 2012

New companies on Bulgaria's stock exchange index

Mon, Feb 13 2006 11:00 CET

byStaff Reporter

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NEW companies on the list of the BG-40 index helped it rise on Monday (February 6) for the start of the trading week on the Bulgarian Stock Exchange - Sofia (BSE).

BG-40, the broader index including the 40-most-traded companies, moved up by 0.3 per cent to 140.17 points, as its new member, Advance Terrafund (a real estate investment trust), increased by 3.01 per cent with more than 20 000 shares changing hands.

Hydraulic Elements & Systems and Alkomet were also on the rise, adding 6.31 per cent and 0.97 per cent on their shares' value, respectively. The Bulgarian Telecommunications Company increased by 1.98 per cent on only 100 of its shares traded.

The biggest decrease in BG-40 was registered by Holding Varna A, which went down by 15.35 per cent. As a whole, holdings did not support the index: only six positions increased, these by less than a single per cent.

Meanwhile, the blue-chip SOFIX index of the 12-most-liquid shares fell by 0.26 per cent to end at 867.35 points.

The previous week, January 30-February 3, saw another 2006 peak for SOFIX at 872.28 points. The target for it is now 900 points, which the index already saw in 2005.

Several companies were excluded from the BG-40 index over the previous week, so others filled in. Pamporovo AD, Bulgarska Roza-Sevtopolis AD, Trakia-Papir AD and DZI Financial Group, as well as the Elana Agricultural Land Opportunity Fund of Sofia, Advance Terrafund REIT of Sofia and Benchmark real estate investment trust, now participate in the composition of the index.

DZI Financial Group was the major driving force behind the movement not only of the BG-40, but also of SOFIX over the week ending February 3.

The stock of DZI Financial Group reached a record-high 91.97 leva on February 1, only to mark a 5.4 per cent decrease on the following day. The market value of DZI increased by 9.75 per cent over the week.

Cosmetics maker Bulgarska Roza-Sevtopolis also marked a 6.4 per cent week on week increase, while Pamporovo AD, operating the winter resort of the same name, lost 8.46 per cent.

Drug maker Sopharma's stock passed the eight-leva mark, closing at 8.10 leva on February 3, to register its highest level in several months.

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