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Commenting article: Bulgaria Debutant Company Galata Shatters Profit Records

A Bulgarian investment company, Galata-Varna AD, has broken all financial records on the Bulgarian Stock Exchnage (BSE) on Wednesday.

Galata broke the record for profitability on its first day of trading at BSE, with two transactions and 2 890 traded securities. The trades resulted in a turnover of BGN 26 M, accounting for the majority of BSE trading on the day, when a total turnover of BGN 31.9 M.

The company announced its share price at an nominal BGN 532. During the course of trading, the share value jumped by almost 20 times, to BGN 9 000.

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#1
Balgarska - 25 Dec 2009 // 10:39:08

As long it is good for Bulgaria!

#2
mrposhrat - 25 Dec 2009 // 02:30:53

Nuts!

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