You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Small deals in three blue chips back growth of Sofia bourse benchmark index

Author Mario Tanev
Small deals in three blue chips back growth of Sofia bourse benchmark index hxdbzxy/

SOFIA (Bulgaria), October 29 (SeeNews) - Four deals for a limited number of shares in three blue chips helped the benchmark SOFIX index of the Bulgarian Stock Exchange resurface above the 600 point mark on Monday, bourse data shows.

The SOFIX gained 0.46% to 602.38 points on Monday, as resort operator Albena [BUL:6AB] led blue-chip gainers. Albena shares climbed 2.98% to 48.4 levs, following a single deal for just 10 shares during the trading session.

Car battery maker Monbat [BUL:5MB] followed with a 2.13% increase to 7.2 levs, after two deals for a total of 7 shares in the company.

Bulgarian Real Estate Fund REIT (BREF) [BUL:5BU] posted the third steepest rise, gaining 2.12% to 1.92 levs in a single deal for 500 shares.

The rise in BREF shares also bumped up the BGREIT index, which tracks the performance of real estate investment trusts (REITs). The index ended the session 0.70% higher at 117.26 points.

The other major contributor to the BGREIT's rise was Roy Property Fund REIT [BUL:RPR], which added 4.76% to 4.4 levs.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, gained 0.17% to 117.66 points, backed by a 18.53% rise in the share price of Faiplay Properties REIT [BUL:6F3]. Last week, Faiplay Properties announced that it has turned to a non-consolidated net profit of 840,000 levs in the first nine months of the year, from a net loss of 18,000 levs in the same period of 2017.

The BGTR30 index, in which companies with a free float of at least 10% have equal weight, gained 0.44% to 501.21 points on Monday. Diversified group Synergon Holding [BUL:6S7] gained most among BGTR30 constituents, adding 5.83% to a closing price of 1.09 levs per share.

Fuel retailer Petrol [BUL:5PET] saw the biggest rise in share price among all companies on the BSE regulated market, of 20.48%.

Total trading turnover on the regulated market of the bourse fell to 724,600 levs ($422,000/370,500 euro) on Monday from 1.36 million levs in the preceding trading session.

(1 euro = 1.95583 levs)