Trade on the stock exchange was relaxed over the past two weeks and conducted within narrow price margins.
This Monday, some amendments to the regulatory framework of the stock exchange came into effect and block deals are no longer reflected in the Sofix index. This made the fluctuations of the index smoother than previous weeks. But, perhaps the main reason for the market relaxation is the summer season.
However, the last two weeks saw the highest demand for the stock of the chemical companies. On Friday, the influence of block transactions on the Sofix was still present as it fell by 2.39 points to 102.78 points. This was largely the result of the sale of a block of 96,427 shares of the Bourgas-based oil refinery LukOil Neftochim, representing 0.71 per cent of its capital, at a price of 3.75 leva. Analysts suggested that this was part of the shares sold to the company’s workers under preferential terms after its privatization.
On the free segment of the market, LUKOil Neftochim dropped 0.47 per cent to 6.30 leva. Exactly a week ago, the company sold 1,626,765 shares at 3.75 leva and the Sofix plunged by 11.40 percentage points to 93.1 points.
The shares of Bulgartabak Holding-Sofia, rose by 1.65 per cent to 10.47 leva while Sofia BT appreciated by 5.58 per cent to 8.52 leva. Artificial fertilizer maker Agrobiochim of Stara Zagora was traded at around 1.00 leva per share. The shares of fertilizer maker Chimco of Vratsa changed hands at between 0.36 and 0.38 leva.
Last week, the Bulgarian National Securities Commission rejected the tender offer of A.V.S.T. Trading Ltd. to Chimco minority shareholders. The majority owner of the company wanted to buy out their shares at 0.15 leva.
This Monday, some amendments to the regulatory framework of the stock exchange came into effect and block deals are no longer reflected in the Sofix index. This made the fluctuations of the index smoother than previous weeks. But, perhaps the main reason for the market relaxation is the summer season.
However, the last two weeks saw the highest demand for the stock of the chemical companies. On Friday, the influence of block transactions on the Sofix was still present as it fell by 2.39 points to 102.78 points. This was largely the result of the sale of a block of 96,427 shares of the Bourgas-based oil refinery LukOil Neftochim, representing 0.71 per cent of its capital, at a price of 3.75 leva. Analysts suggested that this was part of the shares sold to the company’s workers under preferential terms after its privatization.
On the free segment of the market, LUKOil Neftochim dropped 0.47 per cent to 6.30 leva. Exactly a week ago, the company sold 1,626,765 shares at 3.75 leva and the Sofix plunged by 11.40 percentage points to 93.1 points.
The shares of Bulgartabak Holding-Sofia, rose by 1.65 per cent to 10.47 leva while Sofia BT appreciated by 5.58 per cent to 8.52 leva. Artificial fertilizer maker Agrobiochim of Stara Zagora was traded at around 1.00 leva per share. The shares of fertilizer maker Chimco of Vratsa changed hands at between 0.36 and 0.38 leva.
Last week, the Bulgarian National Securities Commission rejected the tender offer of A.V.S.T. Trading Ltd. to Chimco minority shareholders. The majority owner of the company wanted to buy out their shares at 0.15 leva.
