The positive trend last week was nowhere to be found during the past five days. All four indexes declined today. SOFIX, BG40 and BGTR30 declined on a weekly basis as well. BGREIT is the only advancing index for the week – in spite of the 0.27% decline today, the branch indicator was still 1.58% above its October 26 level.
The biggest decliner this week was BG40, which lost 4.44% on a weekly basis. SOFIX shed 1.7%, and BGTR30 0.96%.
Just 12 companies, or 30% of BG40 issues increased their market capitalization this week. The biggest winner was Industrial Capital Holding, which added 12.1% to 11.86 leva.
On Tuesday the company released its Jan – Sept financial report, showing net non-consolidated profit grew by 391,000 leva to 3.337 mln leva (1.706 mln euros) y/y.
Petrol added 3.96% to an average of 4.72 leva on a good Jan – Sept report, revealing profit grew 3.5 times to 28.98 mln leva (14.817 mln euros).
Sopharma gained 3.48% to an average of 9.21 leva, which is an absolute record on the position. The pharmaceutical company's winning spree started October 25 and has been going on all week long. Non-consolidated profit rose 37% to 25.98 mln leva (13.283 mln euros) y/y.
The week ended well for Stara Planina Hold (2.38%), Advance Terrafund REIT (1.86%), Doverie United Holding (1.59%), Albena Invest Holding (1.19%), Holding Varna A (1.1%) etc.
The other 28 companies did not do that well. The biggest decliner was Polimeri. After a not very convincing report, the stock price dropped 9.91% to 12.45 leva.
Emka lost 8.14% to an average of 18.16 leva. The latest report shows pre-tax profit declined from 3.346 mln leva (1.710 mln euros) to 2.835 mln leva (1.449 mln euros).
Toplivo lost 7.97% on a weekly basis to an average of 32.8 leva, and Bulgarian Rose Sevtopolis dropped 6.5% to an average of 3.74 leva.
Other poor performers were Decotex (-5.41%), Chugunoleene (-5.38%), Orgchim (-5.23%), Fazerles (5.15%), Odessos Ship Repair Yard (-5.07%) etc.