Bulgarian Indexes Post Region's Best YTD Performance
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Yet another negative week for the Bulgarian capital market has come to an end. Most indexes of the Bulgarian Stock Exchange (BSE) lost around 1% over the last five days.
The indexes ended the week on a negative note on Friday. SOFIX slipped by 2% to 436.78 points. Other decliners included BG 40 (-0.46%, to 130.65 points) and BG TR30 (-0.91%, to 354.47 points). BG REIT was the only gainer on the day advancing by 0.04% to 50.57 points.
Nearly 757,000 shares in Bulgaria Real Estate Fund traded hands on the day. The stock of the company ended the day 0.75% down to 0.675 leva per share.
Fund Estates' stock price depreciated by 8.37% to 0.186 leva per share.
BSE's overall turnover amounted to 1.44 mln leva. The value of the over-the-counter deals amounted to 1.8 mln. leva as at 2.50 p.m. A total of 68 issues were traded on the day with 17 of the companies posting stock price gains.
SOFIX posted its third straight weekly decline. The blue-chip index shed 0.89% over the last five days. Other weekly decliners included BG 40 (-0.86%) and BG TR30 (-0.76%). BG REIT advanced by 0.06%.
The monthly performance of the indexes is as follows: SOFIX (-2.92%), BG 40 (-1.08%) and BG TR30 (-1.90%). BG REIT is the only gainer since the start of the month advancing by 0.26%.
Nevertheless, the Bulgarian capital market posts a considerable performance in 2011. For the two and a half months since the start of the year SOFIX is up by 20.54%, while BG 40 has gained 13.91%. The return of the Bulgarian market is the highest in the region. Russia's RTS is up by 8.75% in 2011, while Romania's BET, Hungary's BUX and Croatia's CROBEX have gained 10.26%, 3.88% and 6.85%, respectively. Poland's WIG index advances by a mere 0.10%, while Turkey's ISE is down 4.30%. Czech PXI is also in negative territory in 2011 (1.29%).
The year-on-year performance of BSE's indexes is as follows: SOFIX (+4.19%), BG 40 (+10.75%), BG REIT (+15.3%) and BG TR30 (+9.09%).
See the table below for more details on the performance of BG40's stocks over the week:
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