The SOFIX blue-chip index of the Bulgarian Stock Exchange (BSE) posted yet another loss today closing near a new two-year low of under 1,000 points. The index has now lost 49.65% since its October 15 peak.

The SOFIX will most likely fall additionally after Holding Roads' stock, issued as part of the capital raise of the company, is listed for trade on BSE, provided the weight of the company in the index.

Orgachim and Lead & Zinc Complex are the biggest losers among the 19 blue chips. The stocks of the two companies have depreciated by nearly 80% each since their October-November 2007 peaks.

Thus, Orgachim's market capitalization has dropped to 82 mln leva. Euroins is the only other company included in the calculation of the index with a smaller market value - 67 mln leva.

Central Cooperative Bank ranks third with e nearly 75-percent fall since its last year high.

The stocks of Euroins, Industrial Holding Bulgaria, Sopharma and M+S Hydraulic have depreciated by over 60% each.

The losses of Sparky Eltos, Toplivo, Chimimport, Albena and First Investment Bank (FIBank) range between 50 and 60%.

Corporate Commercial Bank was the best performer over the period. The stock of the company has depreciated by a mere 15.56%, but not without the help of the majority owner.

The market value of Neochim has also declined by less than 20% in the period, provided that the company's profit jumped fivefold to 40 mln leva this quarter.

CompanyOct-Nov 2007 peak TodayDeclineMarket cap (mln)Orgachim836,59163,3980,47%82Lead & Zinc Complex126,8326,7178,94%225Central Cooperative Bank12,883,374,38%274Kaolin20,386,7366,98%168Euroins20,076,7366,47%67Industrial Holding Bulgaria16,035,8363,63%255Sopharma9,323,661,37%475M+S Hydraulic17,446,7561,30%88Sparky Eltos18,397,6258,56%128Toplivo37,4815,8257,79%86Chimimport17,947,7157,02%1157Albena149,2965,4856,14%280First Investment Bank 13,435,9355,85%652Elana REIT3,361,846,43%107BACB 83,0457,1231,21%721Holding Roads23,7916,7429,63%513Monbat16,2611,6428,41%454Neochim95,4478,9617,27%210Corporate Commercial Bank 10890,7815,56%545SOFIX1952977,7949,92%