Three BSE Indexes Post Gains on Monday
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Three of the indexes of the Bulgarian Stock Exchange (BSE) Posted gains in today's session. The overall turnover came to slightly over 869,000 leva. A total of 67 issues were traded on the day with 32 of the companies posting price gains.
Advancers on the day included SOFIX (+1.24%, to 480.91 points), BG 40 (+0.48%, to 129.52 points) and BG TR30 (+1.00%, to 361.64 points). BG REIT was the only decliner on the day slipping by 0.66% to 47.92 points.
The value of the over-the-counter deals came to 3 mln leva as at 2:15 p.m. Trade in Eurohold Bulgaria's subsidiaries and in the stock of Eurohold Bulgaria accounted for almost the entire turnover for the day. Two trades in Euroins' stock for 570,000 shares each were sealed at a price of 1.23 and 1.238 leva per share, respectively.
There were two trades on Etropal's stock as well for 337,600 shares each. The first deal was sealed at a price of 1.266 leva per share while the second at a price of 1.276 leva per share.
The trades in Eurohold's stock was also two for 31,412 shares each, at a price of 0.503 and 0.509 leva per share, respectively.
A total of 120,271 shares in Eurohold Bulgaria traded hands on the day. The stock of the company appreciated by 4.13% to 1.56 leva per share.
EuroHold sold 100% of its fully owned subsidiary Avto Union Center EOOD to Blue House LP, a private equity investment management firm with a focus and presence in the property and infrastructure markets of South East Europe.
The aggregate value of the deal is Euro 27.3 million, as part of the proceeds will be used by EuroHold to fully repay back a construction loan of Euro 16.8 million to Piraeus Bank Bulgaria.
The accounting gain from the sale is Euro 7.0 million. The net cash proceeds of Euro 10.5 million will further solidify the financial position of EuroHold and will allow it to explore further growth opportunities in its core activities.
Eurоins' stock appreciated by 4.45% to 1.88 leva per share. The traded volume on the position exceeded 10,000 shares.
Stara Planina Hold also ended the day in positive territory. The stock of the company appreciated by 2.51% to 2.00 leva per share. A total of 14,130 shares in the company traded hands on the day.
Elhim Iskra (+0.61%, to 1.99 leva) and Hydraulic Elements & Systems (+5.91%, to 5.20 leva were also among today's gainers). The traded volume on the position of the latter came to a mere 245 shares.
М+S Hydraulic's stock depreciated by 1.44% to 5.67 leva per share.
Banking stocks were also among today's advancers: Central Cooperative Bank (+2.68%, to 1.54 leva), First Investment Bank (+1.92%, to 2.98 leva), Corporate Commercial Bank (+1.76%, to 58.00 leva) and Bulgarian-American Credit Bank (+2.53%, to 19.99 leva).
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