The only stock in the broad index BG40 to end H1 with positive return is Petrol Jsc, Profit.bg found out.
Shares appreciated by nearly 59% between 21 December 2007 and 30 June 2008. This was, of course, to a large extent due to actions taken by the majority shareholder.
All other 39 stocks in BG40 ended the period on negative territory. Seven of them lots more than 50% - Fazerles, Euroins, Aroma, CCB, Bulgarian River Shipping, Orgachim and Lead and Zinc Complex.
The losses of Synergon Holding, Moststroy and Doverie United Holding are around 50%.
Elana Agricultural Land Opportunity REIT saw the smallest decline, of less than 1%. Lomsko Pivo and Corporate Commercial Bank also kept losses small with the help of the majority shareholders.
Another REIT – Advance Terrafund lost less than 10%, shares are down -6.4%.
The BG40 index, which includes the most liquid stocks on BSE, has shed some 41% during the period. On June 30 the index stood at 306.48 points.
High value stocks, such as Orgachim and Fazerles, were the biggest decliners during the period and were to a large extent responsible for BG40's slide.
More details are given in the following chart (prices are in BGN):
|Company||21Dec 2007||30 June 2008||%|
|Corporate Commercial Bank||96,03||91,03||-5,21%|
|Bulgarian Holding Company||6,55||5,71||-12,82%|
|Odessos Ship Repair Yard||309,94||248,13||-19,94%|
|Industrial Holding Bulgaria||10,01||7,89||-21,18%|
|Balgraska Roza Sevtopolis||3,05||2,19||-28,20%|
|Albena Invest Holding||20,24||13,5||-33,30%|
|Industrial Holding Bulgaria||11,34||7,06||-37,74%|
|Holding Varna A||44,51||27,5||-38,22%|
|Doverie United Holding||14,27||7,26||-49,12%|
|Bulgarian River Shipping||9,7||4,4||-54,64%|
|Lead and Zinc Complex||91,18||36,52||-59,95%|