The leading Bulgarian market benchmark SOFIX added 3.38% on Wednesday, 28th September, which was the best daily performance in three years, to 509.92 points – also 17 months high. Strong demand on all 15 stocks in the index led to this performance as new SOFIX ETF began trading this week.
The first local ETF stirring market
Expat Bulgaria SOFIX UCITS ETF started trading in Sofia on 27th September with BGN 100k NAV. In a day the fund raised additional BGN 300k and continued adding to its SOFIX stock portfolio. The latter triggered additional demand on SOFIX components’ shares, thus leading to the strongest daily performance of the blue chip index in Bulgaria.