Bulgarian Stocks Shoot up to New 2009 High

Finance | September 8, 2009, Tuesday // 10:31|  views

SOFIX, the main index on the Bulgarian stock exchange, jumped by 0.11% up to 471.65 points, reaching its highest level since the beginning of the year. Photo by Sofia Photo Agency

The Bulgarian stock market indices opened only marginally higher on Tuesday morning in line with the European trend following the strong previous session, as nerves take over ahead of the US market's return after a three-day weekend.

SOFIX, the main index on the Bulgarian stock exchange, jumped by 0.11% up to 471.65 points, reaching its highest level since the beginning of the year.

BG-40 rose by 0.07% to 130.24 points, BGTR30 rose by 0.09% up to 349.08 points and BGREIT edged up by 0.02% to 45.39 points.

Matt Buckland, a dealer at CMC Markets, told the Wall Street Journal that the London index will be in focus following its bumper session on Monday, when Cadbury received an unsolicited GBP10.2 billion bid from Kraft Foods, and promptly rejected it.

Investors will be wary of profit taking during the session, he added.

Buckland called London's FTSE 100 index up nine points, or 0.2%, at 4942.2; it ended Monday at 4933.2, its highest level for 2009.

Elsewhere, he called Frankfurt's DAX up four points, or 0.1%, at 5467.5 and Paris's CAC-40 flat at 3652.8.

 

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Tags: Bulgarian Stock Exchange, stock market, Sofix

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