sofix Archives - Page 3 of 4

SOFIX outperforming regional peers in 2016

1 December 2016

The main Bulgarian stock market index SOFIX booked its best performance in 2.5 years with 19% YTD rise before the end of 2016, heading for its 2014 highs. 3Q16 alone was the best quarter over the same period when the index added 11% q/q. Upside remains considerable despite the renewed political turbulence. Outperforming regional peers,… Read more

6% up for Stara Planina Hold sales in 10M reports

23 November 2016

Stara Planina Hold and its subsidiaries post 6.2% y/y top line expansion for the 10M16, the Company announced in a statement to the Bulgarian Stock Exchange. Overall, consolidated revenues of the group reached BGN 158m at the end of October 2016 and are expected to add up to BGN 174.1m by the end of Novermber,… Read more

Stara Planina Hold sold 45% of treasury stock with over 200% gains

9 November 2016

On November 8th, 2016, Stara Planina Hold sold 45% of treasury stock on favorable market development and ETF demand, the company announced in a statement to the stock exchange. It sold 100k treasury stock at BGN 6.25 per share. This was an 8- year-high for the stock or best price since mid-2008. The 100k lot… Read more

SOFIX ETF gets BGN 22m inflow and considers cross listing abroad

8 November 2016

The first SOFIX EFT – Expat Bulgaria SOFIX UCITs ETF gets BGN 22m cash inflow from local pension funds, considers cross listing abroad, the fund manager Expat Asset Management announced in a statement. The inflow is one of the highest since the end of 2008 crisis. As a result SOFIX is at a two year… Read more

SOFIX best performing index among CEE peers over the last 12M

2 November 2016

SOFIX is the best performing index among its Central and Eastern European peers over the last 12M. The blue chips indicator advanced 19.25% y/y as of the end of October 2016 to 531.82 points, highest since mid-2014. The second best the Croatian CRO index added 13.66% y/y. The Polish WIG20 blue chip index is the… Read more

Monbat posts best earnings in 7 years

26 October 2016

The lead acid batteries producer Monbat booked best 9M earnings in seven years. Preliminary earnings announcement by the company reveal 9M16 EBITDA up 8.7% y/y to BGN 33m and earnings before taxes up 7.6% to BGN 21.6m. 9M16 sales reverse the negative trend and are up 1.4% y/y to BGN 179.4m. All data the best… Read more

SOFIX books best daily performance in three years

29 September 2016

The leading Bulgarian market benchmark SOFIX added 3.38% on Wednesday, 28th September, which was the best daily performance in three years.

ELANA Trading is one of the market makers to the first SOFIX ETF

26 September 2016

First SOFIX ETF starts trading September 27th 2016. Expat Bulgaria SOFIX UCITS ETF begins trading with BGN 100k net assets It will trade with a BGX ticker on the Bulgarian Stock Exchange. The fund will apply full replication to minimize tracking error, however, fees and commissions to add up to 2.5% of the fund’s annual… Read more

Liquid Bulgarian stocks deliver 4% average dividend yield in 2016

6 July 2016

Liquid Bulgarian stocks deliver 4% average dividend yield in 2016 from 2015 profits distribution, according data as of end of June 2016 compiled from company announcements and ex-div date stock prices available. This is slightly lower than 2015 average result when 214 profits were distributed among investors. The 5-year average dividend yield for all liquid… Read more

Defensive BGREIT index best performer in Sofia YTD

12 April 2016

Defensive BGREIT index best performer in Sofia with a 3.14% increase year-to-date. In the end of March Bulgarian, Croatian and Macedonian bourses launched an innovative regional platform, SEE Link, designed as an order-routing system that allows access to almost 400 stocks from a combined equity market capitalisation of US$ 30 billion.