SOFIX Advances Twice, Slips Three Times This Week

The SOFIX blue-chip index posted gains in two days over the week and slipped in the other three sessions. The index gained 4.83% today, to 334.46 points. The BG40 index of the most traded stocks advanced by 8.5%, to 100.34 points.
The BG TR30 index of the best performers in total return gained 5.32% closing at 267.11 points on the day. BG REIT was the only decliner today. The index slipped by 0.73%, to 46.39 points.
Nevertheless, all four indexes posted double-digit losses for the week. The SOFIX lost 14.56% of its value over the last five days. The BG40 dropped by 14.54%. The BG REIT and BG TR30 shed 11.55% and 11.48% on a weekly basis.
The losses of the indexes since the start of the month are even bigger. The blue-chip index has lost 30.68% of its value in November, while the BG40 plunged by 27.67%. BG REIT and BG TR30 fell by 14.93% and 24.67%, respectively.
BSE's overall turnover totaled 2.01 mln leva today. A total of 92 issues were traded on the day. The number of advancing stocks came to 50. The value of the over the counter deals amounted to 1.36 mln leva as at 2:30 p.m.
Four of the stocks included in the calculation of the BG40 posted weekly gained.
Petrol's stock price went up by 15.09% to 10.45 leva per share. The company is one of the few advancers over the week.
Euroins is the second company to post a weekly increase in average stock price. The stock of the insurer appreciated by 7.69%, to an average of 2.8 leva per share.
Albena Invest Holding ended the week 1.38% higher at 4.41 leva per share. The stock advanced steeply on the day after it emerged that Albena would sell its 47.83-percent stake in Albena Invest Holding.
This week's biggest decliners included Fazerles (-29.94%, to an average of 40.9 leva per share) and Monbat (-29.08%, to an average of 4 leva per share). Monbat plans to start a fourth procedure for the repurchasing of shares at prices ranging between 4 and 7 leva. The company announced yesterday it would lay off 120 of its employees.
Bulgarian American Credit Bank's average stock price dropped by 27.27%, to 12.08 leva per share. S&P confirmed the bank's BB+/B credit rating on Wednesday, but downgraded the outlook from Stable to Negative.
See the table for more details on the weekly performance of BG40's stocks:
Data: BSE