No Clear Trend on BSE Today

No Clear Trend on BSE Today

There was no clear trend in the trading on the Bulgarian Stock Exchange (BSE) today. The SОFIX and the BG40 indexes moved in narrow margins after the recent advances and the declines in the previous two sessions.

After a slow start to the session the SOFIX blue-chip index managed to recover and ended the day in positive territory. The index advanced by 0.01% to 1,251.94 points. The broader BG40 index slipped by 0.15% to 348.49 points.

The BG REIT and BG TR30 indexes also ended the day higher. The BG REIT closed 0.05% up at 96.07 points, while the BG TR30 advanced by 0.24% to 845 points.

BSE's trading turnover amounted to 5.15 mln leva on the day, while the number of traded issues stood at 119. A total of 37 of the stocks ended the day with gains. The value of the block deals and other registered trades stood at 4.46 mln leva.

Decliners got the upper hand in the SOFIX today. Industrial Holding Bulgaria's stock depreciated by 2.6% to an average of 7.5 leva per share. A total of 32,611 shares in the company changed hands on the day.

The stocks of Orgachim and Lead & Zinc Complex shed 3.26% and 2.43% to an average of 359.15 leva and 44.1 leva per share, respectively.

Orgachim has launched a procedure for the restructuring of the operations of company through the separation of the various production segments. A new company that would be solely responsible for the production of phthalic and maleic anhydride will be set up in compliance with the Commerce Law.

A total of 14,980 shares in the company traded hands on the day. The stock depreciated by 0.83% to an average of 10.77 leva per share. This is the second straight decline since May 20, when the stock was traded at 11.08 leva per share.

Three of the banks included in the calculation of the index ended the day on positive turf. Central Cooperative Bank skidded 0.37% lower to 5.38 leva per share, Corporate Commercial Bank's stock depreciated by 0.14% to an average of 87.27 leva per share, while First Investment Bank shed 1.5% to an average of 7.22 leva per share.

Fitch Ratings changed FIBank's outlook from Positive to Stable yesterday. The other ratings of the bank were affirmed at Long-term Issuer Default (IDR) 'BB-' (BB minus), Short-term IDR 'B', Individual 'D', Support '5' and Support Rating Floor 'No Floor', as first reported on Wednesday.

The stocks of the infrastructure companies listed on BSE posted losses for the second straight day. Holding Roads' stock price went down by 1.61% to an average of 1,152.59 leva per share.

Moststroy's stock price advanced by 1.59% to an average of 160.05 leva per share. Trace Group Hold closed 0.78% lower at an average of 159.25 leva per share. All three companies were traded in thin volumes.

Vaptsarov Holding and Polimeri ended the day with gains. The stock of the holding company appreciated by 13.9% to an average of 21.72 leva per share, while Polimeri ended the day 5.5% higher at an average of 5.76 leva per share.

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