OPTIMISM SWEPT OVER THE BSE-SOFIA, RAISING VOLUMES AND EXTENDING GAINS

Total daily turnover reached its highest level since the beginning of the year – 2.9 mln leva.

European shares rose in afternoon trade on Thursday, supported by gains in banks and drugmakers, after the European Central Bank kept interest rates on hold as expected, while investors awaited earnings from U.S. firms. The mood on the BSE-Sofia was also positive, which led to higher volumes and extended gains for two of the four indices. The blue chip companies index SOFIX rose 0.71%, closing at 436.42 points with only three companies registering losses. Total turnover was 1.5 mln leva and deals on the OTC market soared at 1.4 mln leva.

Despite the optimism shares of Albena (6AB) plunged by 5.88% to a closing price of 40 leva and one of the lowest volumes - 140 lots. The other two companies with declines in value were Neochim (3NB) - 1.45% and a closing price of 27.20 leva per share and Trace group Hold (T57) - 0.1% and a closing price of 62.15 leva per share.

The main support for the index came from Industrial Holding Bulgaria (4ID) rising 3.01% to a closing price of 1.71 leva and a volume of 10.5 thousand lots. Closely following was Holding Roads (6H2) gaining 2.46% and closing at a price of 2.50 leva per share.

The most liquidly traded stock was ELARG Agricultural Land Opportunity Fund REIT (4EC) with a volume of 87.7 thousand lots, traded at an average price of 0.81 leva, but registered no daily change in value. A considerable amount of investors' interes was also attracted by Central Cooperative Bank (4CF), the stock reached a volume of 53.6 thousand lots and was trading at an average price of 1.35 leva.

The wide index BG40 edged down by 0.26% and closed at 116.97 points.

This is commentary article and Econ.bg does not recommend any trading operations based on the information.