Sofia stock exchange blue chip index rises, Eurohold leads winners


SOFIA (Bulgaria), September 30 (SeeNews) – The leading SOFIX index of the Bulgarian Stock Exchange (ESB) closed higher on Thursday, mainly supported by a 5.83% rise in the financial group’s share price and insurance Eurohold Bulgaria [BUL:EUBG], the stock market data showed.

A total of 23,362 Eurohold shares changed hands at an average price of 2.1423 levs on the Sofia Stock Exchange on Thursday.

The electricity supplier CEZ Electro Bulgaria on Wednesday [BUL:CEZE] and the electricity company CEZ Distribution Bulgaria [BUL:CEZD] stated in two separate statements that the Dutch company Eastern European Electric Company (EEEC), which is indirectly 100% owned by Eurohold, has submitted corrected bids to acquire the remaining 33% stake in the two companies that it does not not already have.

The BGBX40 index, which tracks the 40 most traded stocks on BSE, rose 0.92% to 135.54 points.

The BGTR30 in which companies with a free float of at least 10% have equal weight, added 1.19% to 658.05 points.

The BGBX40 was mainly supported by a 9.60% increase in the share price of cable maker Emka [BUL:EMKA], while an 8.74% gain on shares of Galata Investment Company [BUL:GTH] helped the BGTR30 close higher.

The BGREIT index, which tracks seven property investment funds, rose by 0.31% to 162.20 points mainly due to a 1.11% increase in the share price of Intercapital Property Development REIT [BUL:ICPD].

Turnover in the main BSE market fell to 1.4 million levs (829,700/715,800 euros) on Thursday from 2.6 million levs on Wednesday.

The most traded company on Thursday was Telelink Business Services Group (TBS Group) [BSE:TBS]. Up to 44,309 company shares traded at an average price of 17.0157 Lev, contributing approximately 753,900 LEV to the day’s turnover.

(1 euro = 1.95583 levs)

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