Bulgarian Stock Exchange ends the week on a high note

Bulgarian Stock Exchange ends the week on a high note

All indices of the Bulgarian Stock Exchange (BSE) ended the week in positive territory on Friday, as turnover soared on trading in shares of two electricity companies, part of energy and insurance group Eurohold Bulgaria [BUL:EUBG], bourse data showed.

Turnover on the BSE's main market jumped to 101.9 million levs ($57.5 million/52.1 million euro) on Friday from 2.1 million levs on Thursday.

Two units of Eurohold Bulgaria - power grid operator CEZ Distribution Bulgaria [BUL:CEZD] and power supplier CEZ Electro Bulgaria [BUL:CEZE] contributed 63.1 million levs and 38.6 million levs to Friday's total turnover, respectively.

CEZ Distribution closed 4.83% higher at 304.0 levs as 207,729 of its shares changed hands, following a rise of 5.84% on Thursday. CEZ Electro lost 6.04%, closing at 28,000 levs as 1,379 of its shares were traded.

A 6.60% rise in the shares of Fist Investment Bank [BUL:FIB], to 2.26 levs, helped the blue-chip SOFIX index add 0.91% to 601.96 points. Fibank's gain also backed a rise in the BGTR30 index, in which companies with a free float of at least 10% have equal weight, by 0.47% to 701.84 points.

Fibank paced gainers among members of both the SOFIX and the BGTR30 in Thursday's trading session as well, when its shares rose by 10.42%.

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, went up by 1.08% to 140.11 points, mostly supported by a 8.11% increase in the share price of diversified holding Zarneni Hrani Bulgaria [BUL:ZHBG], to 0.20 levs.

The BGREIT, which tracks seven real estate investment trusts, rose by 0.16% to 171.19 points, mainly due to a 0.50% gain in Bulgarian Real Estate Fund REIT [BUL:BREF].

(1 euro = 1.95583 levs)

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