Best Stocks to Buy – Bulgarian Stock Exchange indices rise in March, turnover drops y/y
SOFIA (Bulgaria), April 7 (SeeNews) – The four Bulgarian Stock Exchange indices gained ground in March amid a year-on-year decrease in the total regulated maker trading turnover, the bourse operator said on Wednesday.
Turnover on the regulated market fell by an annual 12.57% to 26.6 million levs ($16.2 million/13.6 million euro) in March, but was 20.18% higher month-on-month, the stock exchange operator said in a monthly bulletin.
The blue-chip SOFIX index gained 1.35% to 502.28 points in March, as IoT products maker Allterco [BUL:A4L] saw the largest share price rise among its members, of 18.48%. Other major gainers among SOFIX members were poultry producer Gradus [BUL:GR6], which added 9.72%, and Bulgarian Real Estate Fund REIT (BREF) [BUL:BREF], which advanced 7.87%.
The top-performing index in March was the BGREIT, which tracks seven real estate investment trusts. The BGREIT ended 2.99% higher at 147.43 points, setting multiple all-time high closing values throughout the month.
The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, rose 1.85% to 113.15 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, added 0.67% to 538.57 points.
The total market capitalisation of the BSE regulated market jumped by an annual 27.23% to 9.71 billion levs at the end of March, and was 2.09% higher month-on-month.
(1 euro = 1.95583 levs)