A Mere 13% of BG40's Stocks End Week with Gains

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A Mere 13% of BG40's Stocks End Week with Gains

A rather negative week for the Bulgarian Stock Exchange (BSE) and the global markets has come to an end. The expectations of the market participants interviewed by Profit.bg on Tuesday were moderate but there were also some negative sentiments backed by the situation on the global stock exchanges. BSE's trading turnover in the period March 4 to 7 exceeded considerably the figures recorded in the last sessions of February.

Unlike the previous two weeks, there nothing interesting happened on BSE in the past four days. The event of the week were the changes in the SOFIX, BG40 and BG REIT indexes. He changes will come into effect on March 13.

All four indexes ended today's session down with losses on a weekly basis. The SOFIX blue-chip index closed at 1,359.72 points, down 4.9% on a weekly basis.

The broader BG40 index ended the day at 387.45 down 5.5% compared to last Friday. The BG REIT index of real estate investment trusts shed 1% of its value to 100.1 points, while the BG TR30 index of best performers in total return closed 4.2% down at 873.71 points.

This was the last full week for the present configuration of the BG40. Only five companies accounting for 13% of its 40 constituents ended the day higher compared to February 29. The gainers made for under 1% of the number of BG40's members.

Today's gainers included Holding Varna A (+0.77% to an average of 39.39 leva per share), TK Hold (+0.49% to an average of 6.16 leva per share), Elana Agricultural Land Opportunity Fund (+0.44% to an average of 2.29 per share.), EMKA (+0.17% to 12.03 leva per share) and Doverie United Holding (+0.16% to an average of 12.47 leva per share).

Unlike the changes in the value of the above mentioned stocks, the declines in the remaining 35 companies started from 1%, as in the case of Lead & Zinc Complex to an average of 69.07 leva per share.

Polimeri was among BG40's biggest decliners for the second consecutive week. The stock of the Devnya-based chemical plant depreciated by 25.71% from last Friday to an average of 4.19 leva per share.

The stocks of Odessos Shiprepair Yard and Petrol lost 9.69% and 8.88% of their value, respectively. Following last week's strong performance Odessos slipped this week to under 300 leva, closing at an average of 271.92 leva per share.

Petrol's stock price continued to drift away from its all-time high ending today's session at an average of 4.72 leva per share.

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