Sofia stock indices extend winning streak, Eurohold shares rise further

Sofia stock indices extend winning streak, Eurohold shares rise further

Bulgarian Stock Exchange indices closed in green territory on Thursday, once again supported by financial and insurance group Eurohold Bulgaria. Eurohold Bulgaria's share price grew 7.87% on Thursday, and is now up over 33% so far this week. On Tuesday, Eurohold received approval from the Energy and Water Regulatory Commission to acquire the assets of Czech energy group CEZ in Bulgaria, including majority stakes in CEZ Distribution Bulgaria  and CEZ Electro Bulgaria].Shares in CEZ Distribution Bulgaria closed 3.60% higher on Thursday, while CEZ Electro Bulgaria shares ended unchanged. The trading session also saw the initial public offering of biometric identification security solutions developer Biodit. Biodit offered 1 million shares at a price of 1 lev apiece, with the offering oversubscribed 2.6 times. The company announced it expects its new issue to start trading on the BEAM market within one month of completing the IPO. The blue-chip SOFIX index extended its winning streak to seven sessions, closing 2.47% higher at 488.73 points on Wednesday. Eurohold was followed by Chimimport and First Investment Bank, which gained 6.45% and 3.30%, respectively. The BGREIT, which tracks seven real estate investment trusts, broke its closing value record for a seventh consecutive trading session. The BGREIT ended 0.70% higher at 141.32 points, backed by Advance Terrafund REIT and Bulgarian Real Estate Fund REIT The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, increased 2.14% to 111.04 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, advanced 2.06% to 533.44 points. Total daily regulated market turnover amounted to 763,000 levs ($391,000/323,000 euro).

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