The Bulgarian stock market failed to find direction in a week when two important events for its developments were announced - the procedure for the selection of an investment intermediary for the sale of the state's stake in subsidiaries of E.ON Bulgaria through the Bulgarian Stock Exchange (BSE) and the concept for integration of the Bulgarian Stock Exchange and the Central Depository into the European and global financial markets.
The news, however, failed to boost the market, which shot higher in the first two months of 2011. Analysts expect trade to pick up when the reporting season for the first quarter of the year starts.
Most BSE indexes ended Fraiday's session lower: SOFIX (-0.57%, to 443.86 points), BG REIT (-0.61%, to 51.78 points) and BG TR30 (-0.11%, to 359.22 points). BG 40 was the only gainer on the day advancing by 0.04%, to 133.64 points.
Friday's turnover exceeded 880,000 leva. A total of 63 issues were traded on the day with 17 of the companies posting price gains.
The market fluctuations continued this week and the indexes failed to find direction over the past five days: SOFIX (-0.43%), BG 40 (-0.39%), BG REIT (+2.84%) and BG TR30 (+0.07%).
The performance of the incexes sice the start of the year is as follows: SOFIX (+22.49%), BG 40 (+16.51%), BG REIT (+19.45%) and BGTR30 (+18.36%).
The indexes are also up year-on-year: SOFIX (+4.94%), BG40 (+13.91%), BG REIT (+20.67%) and BGTR30 (+10.91%).
See the table for more information on the weekly performance of BG40's indexes:
|Company||April 1, 2011.||April 8, 2011||Change%|
|5BU/Bulgaria Real Estate Fund||0,74||0,78||4,57|
|4I8/Industrial Capital Holding||5,55||5,62||1,24|
|T43/Zarneni Hrani Bulgaria||0,64||0,64||0,94|
|5SR/Stara Planina Hold||3,9||3,93||0,77|
|5ALB/Albena Invest Holding||6,49||6,49||-0,02|
|T57/Trace Group Hold||88,34||88,31||-0,03|