| Velgraf Asset Management, the latest entrant on the Bulgarian Stock Exchange (BSE), fuelled trading volumes on the lackluster market to BGN 11.7 million on Thursday. The company, whose shares were entered on Wednesday, traded 4.45 million stocks on the first day. The share price was flat at BGN 2.29. The companys market capitalisation hit BGN 120 million, which ranks it among the markets top 20 ahead of Central Cooperative Bank (CCB), energy-to-construction company Enemona, cigarette maker Blagoevgrad BT and insurer Bulstrad, to name but a few. Velgraf Asset Management, which is linked to Chimimport, came into being through the merger of four companies, including Slanchev Lachi Aktiv, owned by Zarneni Hrani Bulgaria, the agri business of the industrial conglomerate. Source: Dnevnik (09.04.2010) |