The market capitalisation of the Bulgarian Stock Exchange (BSE) declined over the month of November, yet turnover increased, the exchange’s monthly report said. Market capitalisation fell 4.2 per cent compared with October but had increased 100.9 per cent when compared to November of the previous year.

The total monthly turnover was 512.11 million leva, which was equivalent to a daily turnover of 23.28 million leva. In November, the BSE processed 53 575 deals, at an average of 2435 deals a day. This was an increase of 11.68 per cent on the past month and 95.86 per cent on the same point a year ago.

Evrohold Bulgaria AD had the most liquid shares over the month, with shares worth 10.92 million leva changing hands over the period. The next most liquid was Chimimport, which had 21.53 million leva worth of shares traded, Olovno-Tsinkov Complex AD was third on a turnover of 5.96 million leva, Monbat fourth, with 12.42 million leva worth of shares and fifth was Industrialen Holding Bulgaria which saw shares with a value of 12.52 million leva change hands.

The top five financial intermediary ranking put UniCredit Bulbank as the top performer with a turnover of 326.96 million leva. In second to fifth places were Raiffeisenbank Bulgaria with a turnover of 255.68 million leva, First Financial Brokerage House with a turnover of 89.32 million leva, Karroll 60.22 million leva and Investbank with a 54.44 million leva turnover.

According to a survey of investor.bg, published on December 4, the downturn on the BSE is likely to end soon. About six out of 10 respondents to the survey agreed with the statement, while 26 per cent did not and about 14 per cent were unsure.

In morning trade on December 5, the Sofix was up 0.13 per cent to 1747.12 compared to close on December 4. The BG40, the index tracking the 40 most liquid shares on the BSE, was up 0.63 per cent to 533.12. BG REIT, the index monitoring developments of real estate investment trusts listed on the market, was down 0.53 per cent to 101.06.