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Trade in bonds lifts BSE turnover, SOFIX ends in green on gains of industrials

Author Mario Tanev
Trade in bonds lifts BSE turnover, SOFIX ends in green on gains of industrials hxdbzxy/

SOFIA (Bulgaria), September 11 (SeeNews) - Trade in bond issues of three companies generated 84% of turnover on the regulated market of the Bulgarian Stock Exchange on Tuesday, as the blue-chip SOFIX index logged back-to-back winning sessions following strong performance of industrial stocks.

Deals in bonds issued by Starcom Holding [BUL:S28H], Power Logistics [BUL:P0W1] and TPP Maritsa 3 [BUL:6TMA] generated a turnover of 2 million levs ($1.2 million/1 million euro) on Tuesday.

Trading turnover on the regulated market grew to 2.42 million levs on Tuesday from 1.72 million levs on Monday.

The blue-chip SOFIX index gained 0.51% to a closing value of 632.02 points on Tuesday, following a 0.29% rise on Monday.

Industrial group Stara Planina Hold [BUL:5SR] was the top gainer among blue chips during the trading session, closing 3.76% higher at 6.9 levs.

Civil engineering company Trace Group Hold [BUL:T57] added 3.33% to 3.1 levs, while car battery maker Monbat [BUL:5MB] gained 2.67% to 7.7 levs on Tuesday.

In post-trading hours, the Sofia bourse operator announced changes to the composition of its main indices, which will become effective as of September 25.

Hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] and financial leasing company Elana Agrocredit [BUL:0EA] will enter the SOFIX index's composition, while Industrial Holding Bulgaria [BUL:4ID] and Doverie United Holding [BUL:5DOV] will be excluded.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, replicated the SOFIX's gains, ending 0.47% higher at 121.85 points, as Stara Planina Hold and Trace Group Hold were its most winning components.

The BGREIT index, which tracks the performance of real estate investment trusts, edged down 0.02% to 117.06 points.

The BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, gained 0.39% to 520.50 points.

(1 euro = 1.95583 levs)