Investment intermediaries have dominated the trade on the Bulgarian Stock Exchange (BSE) throughout June, Bulgarian-language Pari daily said, quoting data from the BSE.
There is not a single bank among the Top 10 BSE traders, and the number of brokers with more than 1000 deals is 12, Pari said. Carol Capital Management topped the list of traders in June with a total of 7352 signed deals. BenchMark Finance was second with 4333 deals, and Yug Market was third with 3445 deals.
In other news, the shares on the BSE extended their losses on July 8 in lower volumes, mirroring global market plunges. Trade continued being dependent entirely on what was happening on the US and Asian markets, brokers told SeeNews wire agency.
The Sofix index, which includes the 19 most liquid stocks on the bourse, fell 1.02 per cent to 1100.63 points, and the broad BG40 index, which tracks the 40 most liquid companies on the BSE, dropped 1.8 per cent to 290.52.
“Indices lost ground again influenced by the international markets – this has been the explanation for the series of losses for the past six months,” Petko Vulkov, managing director of Sofia-based Benchmark Asset Management, told SeeNews.
“Non-consolidated results [for the first half of the year] due at the end of the month could wake up trading to some extent,” Vulkov said.
BSE’s turnover, excluding block and other pre-agreed deals, fell to 2.6 million leva from 5.5 million leva on July 7.
On July 8, among the most traded were blue-chip First Investment Bank, car battery maker MonBat and financial and industrial group Eurohold Bulgaria, a component of the BG40 index.
“There is nothing official [which could explain the interest in the three shares],” Vulkov said, adding that the expectations for financial results usually have an effect on volatile stocks like these three. Shares in the bank ended 0.55 per cent lower at 6.75 leva as 22 100 stocks were traded.
MonBat closed 3.7 per cent lower to 12.23 leva in a volume of 10 850 shares.
Eurohold Bulgaria lost 0.97 per cent to 5.1 leva as close to 32 000 shares changed hands.
Lead and zinc smelter OTZK was among the top gainers on July 8 “though it is hard to define it as a top gainer as it fell 30 per cent in the past week”, Vulkov said.
The company, part of the SOFIX index, added 2.38 per cent to 30 leva in a volume of 1199 stocks.
On July 8, a total of 65 stocks were down, 30 rose and 24 remained unchanged.
The BG TotalReturn30 (BG TR30) index, in which companies with a free float of at least 10 per cent in equal weight, edged down 0.83 per cent to 747.8 points, and the BG-REIT index, tracking the performance of real estate investment trusts, ended 0.6 per cent lower to 94.04.
The Dnevnik 20 index, calculated by Bulgarian-language Dnevnik daily from the share prices of the 20 leading companies in terms of liquidity and market capitalisation, depreciated 0.49 per cent to 153.3.
