Four Indices Up, SOFIX Reminds of Itself 2Nov

Published by Alexander Yanev in Blog | Tagged , , , , , , , , ,

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Four of the major SEE blue chip indices concluded the two-week period Oct 19 – Nov 1, 2015, coloured in green, with the SOFIX index of the Bulgarian Stock Exchange (BSE) turning to a two-week growth for the first time since Jul 20 – Aug 2, 2015.

SOFIX, Bulgaria’s index of the most tradable companies, turned to the positive 0.79% on a two-week basis in the period Oct 19 – Nov 1, 2015, halting the downward trend of five consecutive falls. The trading value of the index peaked at 447 points on October 26th. The good news came as an addition to the fifteenth anniversary of the blue chip in October 2015. Another encouraging news came from the Bulgarian Stock Exchange with the successful IPO of the information technology and services company Sirma Group Holding, which raised BGN 11.3 mln of capital, up by 20% compared to the expected value. Sirma Group stocks are expected on the free flaw market in December this year.

The Istanbul Stock Exchange’s (ISE) BIST 100 index increased by 1.5%, which was the highest growth among the blue chip indices and a third consecutive increase. The Zagreb Stock Exchange’s (ZSE) CROBEX index and the BET index of the Bucharest Stock Exchange (BVB) turned to the positive 1.19% and 0.34%, respectively.

The only index to report a decrease was the BELEX 15 index of the Belgrade Stock Exchange (BELEX) by losing 0.76% in the period Oct 19 – Nov 1, 2015.

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