Signs of a mass frenzy are starting to appear on the Bulgarian market after the intervention of the financial institution BALIP, and more precisely after certain comments made by some of its officials. Within one trade session, indexes returned to their levelfrom a month ago. We will be watching the market closely for any other worrying signs in the near future.
The collective investment schemes in the country have never before held such an active campaign for attracting of funds. According to the latest report on the non-banking sector released by the Financial Supervision Commission on 30 June, the collective investments schemes prefer to put money on Bulgarian equity.
BG40 declined the most today – 4.60% to 560.17 points. BGTR30 fell 2.91% to 1158.69 points, SOFIX lost 2.41% to 1845.51 points, and BGREIT dropped 1.10% to 103.87 leva.
Daily turnover stood at 11.572 mln leva (5.916 mln euros). Of the 171 active issues 128 declined.
Of the 19 active issues on the Official Market Holding Varna A was the only one to advance slightly. 722 shares changed hands at an average of 454.38 leva.
Katex lost the most. 2,207 shares changed hands at an average of 18.76 leva, or 10.37% less than Friday.
Orgachim slid 6.39% to an average of 725.01 leva. Bids are at 712 leva and asks at 748.9 leva.
Odessos Ship Repair Yard lost 5.81% to an average of 338.97 leva. Bids are at 325 leva and asks at 355 leva.
Lead and Zinc Complex dropped 5.28% to an average of 106.22 leva at a turnover of 4,012 shares between 101.2 leva and 113 leva. Bids are at 107.9 leva and asks at 108.3 leva.
Industrial Holding Bulgaria declined 5.06% to an average of 13.69 leva at a turnover of 6,915 shares between 13.01 leva and 14.49 leva.