SOFIX INDEX DOWN DESPITE SOPHARMA AND SUNNY BEACH RISE

Business | March 31, 2002, Sunday // 00:00

Sofix index went down from 119,91 points at the end of last week to 118,86 points when the market closed. The rise in Sopharma and Sunny Beach shares was not enough to compensate the fall with LUKoil Neftochim refinery and Blagoevgrad BT cigarette factory. The expectations for a rise in Sopharma shares were confirmed by two big deals March 28, when about 40,000 shares were sold at an average price of BGN 5 per share. In comparison with the previous week the rise went up to almost 5%. Though the official yearly results are yet to be announced, the players with Sunny Beach resort shares became more active because of high dividend projections. The state owns 75% stake in the company. Small investors’ expectations were boosted by the announcement of PA that the state plans to sell a majority package of shares on the Bulgarian Stock Exchange, as well as the high revenues form the sale of separate parts, such as hotels. Sunny Beach assets price reached over 14,which is more than the levels from the end of last year. Last week the turnover on the Bulgarian Stock Exchange totaled BGN 5 M.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria