The main index on the Bulgarian Stock Exchange, SOFIX, is heading for the second best annual performance in 10 years with a 25% YTD rise. This would be second best annual performance since 2007 after posting a 42.28% y/y rise in 2013.
Top three contributors to this performance in 2016 were Stara Planina Hold, Chimimport and Monbat with a total contribution of 9.84% to the 25% YTD index performance.
All top three contributors added 45%+ to their market value each. One component ended up in negative territory – the construction company Trade Group Hold.