Industrial Holding Bulgaria's Stock Price Up by 13.6%

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Industrial Holding Bulgaria's Stock Price Up by 13.6%

Industrial Holding Bulgaria's stock definitely attracted investors' interest on the Bulgarian Stock Exchange (BSE) on Monday. The stock of the company appreciated by 13.66% to 1.19 leva per share. The spike was prompted by Friday's tender for the unused rights, issued as part of the capital increase of the company. Nearly all 16 mln. shares rights were sold.

Industrial Holding Bulgaria floated 9.71 mln leva worth of new shares. For the purpose the company issued 58,282,079 rights. The rights and the shares were issued at a ratio of 6/1.

Central Cooperative Bank was also among the day's top performers. The stock price of the bank went up by 3.29% to 1.725 leva per share. First Investment Bank advanced by 1.52%, to 3.35 leva.

Chimimport's common stock appreciated by 1.31% to 3.475 leva per share, while the preferred stock of the company shed 1.20% of its value to 3.448 leva per share.

Zarneni Hrani Bulgaria gained 6.61% to 0.629 leva per share on the day, while Kaolin's stock price went up by 3.06% to 5.05 leva per share.

The performance of BSE's indexes in the first day of the week is as follows: SOFIX (+0.95%, to 436.49 points), BG 40 (+0.13%, to 131.50 points), BG REIT (+0.06%, to 49.86 points) and BG TR30 (+0.47%, to 351.73 points).

BSE's overall turnover amounted to 1.03 mln leva. A total of 62 issues were traded on the day 29 of the companies posting stock price gains.

The changes to the indexes came into effect today.

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