| Latest News |
 |
Bulgarian SE Elects New CEO and Chairman in Extraordinary Meeting
BULGARIAN SE FUTURE OUTLOOK 2010
Bulgarian Stock Exchange - Sofia was officially awarded the certificates for the international standards ISO 9001:2008 and ISO/IEC 27001:2005
Amendments in the tariff of fees
Future Outlook
| Official 12 Month Statistics |
|
 |
| |
US$ Millions |
# Shares Millions |
| Total Volume |
Avg. Daily Volume |
Total Volume |
Avg. Daily Volume |
| Stocks |
| 9/2009 |
56.2798
|
2.8140
|
36.0983
|
1.8049
|
| 10/2009 |
33.4141
|
1.5188
|
32.6189
|
1.4827
|
| 11/2009 |
46.2100
|
2.2005
|
32.6172
|
1.5532
|
| 12/2009 |
81.9934
|
4.5552
|
50.4142
|
2.8008
|
| 1/2010 |
21.7436
|
1.0872
|
21.0758
|
1.0538
|
| 2/2010 |
39.5884
|
1.9794
|
18.4648
|
0.9232
|
| 3/2010 |
27.0951
|
1.2316
|
24.3429
|
1.1065
|
| 4/2010 |
39.5435
|
1.9772
|
31.6678
|
1.5834
|
| 5/2010 |
26.4180
|
1.4677
|
22.0897
|
1.2272
|
| 6/2010 |
21.1724
|
0.9624
|
32.8441
|
1.4929
|
| 7/2010 |
21.8357
|
0.9925
|
13.8909
|
0.6314
|
| 8/2010 |
18.9815
|
0.8628
|
20.7011
|
0.9410
|
| TOTAL |
434.2755
|
1.7582
|
336.8257
|
1.3637
|
| Bonds |
| 9/2009 |
10.6183
|
0.5309
|
0.0074
|
0.0004
|
| 10/2009 |
10.1945
|
0.4634
|
0.0107
|
0.0005
|
| 11/2009 |
26.1863
|
1.2470
|
0.0178
|
0.0008
|
| 12/2009 |
9.7221
|
0.5401
|
0.0077
|
0.0004
|
| 1/2010 |
11.1933
|
0.5597
|
0.0081
|
0.0004
|
| 2/2010 |
3.1804
|
0.1590
|
0.0023
|
0.0001
|
| 3/2010 |
4.4593
|
0.2027
|
0.0043
|
0.0002
|
| 4/2010 |
6.0570
|
0.3029
|
0.0060
|
0.0003
|
| 5/2010 |
7.3873
|
0.4104
|
0.0065
|
0.0004
|
| 6/2010 |
5.8593
|
0.2663
|
0.0048
|
0.0002
|
| 7/2010 |
2.3128
|
0.1051
|
0.0028
|
0.0001
|
| 8/2010 |
2.7159
|
0.1234
|
0.0023
|
0.0001
|
| TOTAL |
99.8865
|
0.4044
|
0.0807
|
0.0003
|
| Other |
| 9/2009 |
0.8857
|
0.0443
|
3.8735
|
0.1937
|
| 10/2009 |
0.9001
|
0.0409
|
2.8787
|
0.1308
|
| 11/2009 |
1.0701
|
0.0510
|
6.0671
|
0.2889
|
| 12/2009 |
1.5427
|
0.0857
|
12.1096
|
0.6728
|
| 1/2010 |
0.6221
|
0.0311
|
4.3450
|
0.2172
|
| 2/2010 |
1.5458
|
0.0773
|
5.4145
|
0.2707
|
| 3/2010 |
0.7450
|
0.0339
|
4.8589
|
0.2209
|
| 4/2010 |
0.3154
|
0.0158
|
6.8498
|
0.3425
|
| 5/2010 |
0.9285
|
0.0516
|
14.9880
|
0.8327
|
| 6/2010 |
0.5696
|
0.0259
|
6.0576
|
0.2753
|
| 7/2010 |
0.4720
|
0.0215
|
6.8290
|
0.3104
|
| 8/2010 |
0.4803
|
0.0218
|
3.7577
|
0.1708
|
| TOTAL |
10.0772
|
0.0408
|
78.0293
|
0.3159
|
| 5 Year Statistical Comparison |
|
|
| |
2006 |
2007 |
2008 |
2009 |
YTD 2010 |
|
Number of Companies |
347
|
369
|
399
|
399
|
393
|
|
Market Capitalization (US$*) |
10347.3098
|
21266.331
|
8981.8853
|
8647.1865
|
6910.2412
|
|
Total Vol.-Stocks (US$*) |
1818.1467
|
6393.7483
|
1968.154
|
921.013
|
216.3783
|
|
Total Vol.-Stocks (# Shares*) |
402.1636
|
896.5379
|
527.3427
|
498.2732
|
185.077
|
|
Avg. Daily Vol.-Stocks (US$*) |
7.3018
|
25.575
|
7.8726
|
3.7902
|
1.3035
|
|
Avg. Daily Vol.-Stocks (# Shares*) |
1.6151
|
3.5862
|
2.1094
|
2.0505
|
1.1149
|
|
Total Vol.-Bonds (US$*) |
207.3933
|
281.3194
|
194.3857
|
142.1217
|
43.1653
|
|
Total Vol.-Bonds (# Shares*) |
0.2117
|
0.2563
|
0.1538
|
0.1132
|
0.0371
|
|
Avg. Daily Vol.-Bonds (US$*) |
0.8329
|
1.1253
|
0.7775
|
0.5849
|
0.26
|
|
Avg. Daily Vol.-Bonds (# Shares*) |
0.0009
|
0.001
|
0.0006
|
0.0005
|
0.0002
|
|
Total Vol.-Other (US$*) |
144.6894
|
108.0169
|
36.615
|
31.6855
|
5.6786
|
|
Total Vol.-Other(# Shares*) |
361.5925
|
189.6321
|
203.9232
|
116.9693
|
53.1005
|
|
Avg. Daily Vol.-Other (US$*) |
0.5811
|
0.4321
|
0.1465
|
0.1304
|
0.0342
|
|
Avg. Daily Vol.-Other (# Shares*) |
1.4522
|
0.7585
|
0.8157
|
0.4814
|
0.3199
|
|
Monthly Avg. Turnover Ratio |
0.0146
|
0.0251
|
0.0183
|
0.0089
|
0.0039
|
|
Index |
1224.12
|
1767.88
|
358.66
|
427.27
|
388.95
|
|
Currency/US$ |
1.48
|
1.363
|
1.3873
|
1.3641
|
1.54
|
* in millions
| Days |
Monday-Friday
|
| Hours |
The duration of the trading sessions for the issues traded in continuous trading is as follows:
09:00 - 09:20 Pre-trading
09:20 - 09:30 Opening auction
09:30 - 10:50 Continuous trading
10:50 - 11:00 Intraday auction
11:00 - 13:40 Continuous trading
13:40 - 13:45 Closing auction
13:45 - 16:00 Post-trading
The trading hours for the financial instruments that are traded only in auctions are as follows:
09:00 - 10:50 Pre-trading
10:50 - 11:00 Opening auction
13:40 - 13:45 Closing auction
13:45 - 16:00 Post-trading
|
| Market segmentation |
Official Market of Equities (A & B segments); Official Market of Bonds; Unofficial Market of Equities (A & B segments); Unofficial Market of Bonds; Special Purpose Vehicles (SPVs) Market; Compensatory Instruments Market; UCITs Market; Subscription rights market; Privatization market; IPO Market
|
| System |
Xetra® 9.0
|
| Mechanisms |
Order-driven market
|
| Market-maker/ Specialists |
Yes
|
| Instruments |
Stocks, bonds (corporate, municipal, mortgage), rights, compensation instruments, units of mutual funds
|
| Currency |
Local & Euro
|
| Real time information |
10 best bid/ask limits and accumulated quantities; high/low/last prices; last trades; total volume
|
| Central Depository |
Yes
|
| Period |
T+2
|
| Registered |
Yes
|
| Settlement |
Book entry
|
| Clearing |
Net clearing of cash & gross clearing of securities
|
| DVP |
Full DVP
|
| Clearing Institution |
No
|
| Risk Sharing |
Yes
|
| Margin/Lending |
Yes
|
| Custodians |
Banks
|
| Cash Dividends |
generally 5% withholding tax(effective from 1st Jan 2008)
|
| Interest Income |
generally 5% withholding tax but interest yield from bonds listed on the Exchange is not subject to withholding tax
|
| Capital Gains |
10% profit tax (effective as from 1st Jan 2007). Capital gains from transactions in shares of public companies on the regulated Bulgarian stock market are not subject to withholding tax.
|
| Legal |
Special status within the law
|
| Regulation |
Self & Financial Supervision Commission
|
| Securities market regulations |
Exchange & Financial Supervision Commission
|
| Trading rules |
Exchange
|
| Surveillance |
Yes, electronic
|
| Corporate actions |
Yes
|
| Trading halts regulations |
Yes
|
| Investor protection |
Yes
|
| Foreign investors |
No restrictions
|
| Investment limitations |
No limitations
|
| Repatriation |
No restrictions
|
| Minimum Listing Requirements |
| |
Official Market A |
Official Market B |
Unofficial Market A |
Unofficial Market B |
| Minimum Paid-In Capital |
No |
No |
No |
No |
| Years of Business Activity |
5 |
5 |
No |
No |
| Capitalization of Issue |
No |
No |
No |
No |
| Free Float |
Yes |
Yes |
No |
No |
| Free Float Ratio |
25% |
25% |
No |
No |
| Minimum # of Shareholders |
No |
No |
No |
No |
| Minimum Years of Positive Financial Results |
3 of last 5 |
2 of last 5 |
No |
No |
| # Prior Years Audited Financial Accounts |
5 |
5 |
Last interim |
Last interim |
| # Times Dividends Distributed in Last 3 Years |
No |
No |
No |
No |
| Whole Class of Securities to be Issued |
Yes |
Yes |
Yes |
Yes |
| Listing Agreement with Central Depository |
Yes |
Yes |
Yes |
Yes |
| Prospectus |
Yes |
Yes |
Yes |
Yes |
| Special Requirements |
1. Issue was admitted to trading on the Official Market of Equities, Segment B, for a period of at least 1 year or on the Unofficial Market of Equities for 2 years;
2. At least 25% of the issue is held by minority shareholders, or the total value of shares held by such shareholders is at least BGN 20,000,000;
3. Average monthly turnover of the issue on the Exchange for the last 6 months is not less than BGN 1,000,000;
4. Average monthly number of transactions in the issue on the Exchange for the last 6 months is not less than 500 transactions.
|
1. Issue was admitted to trading on the Unofficial Market of Equities for a period of at least 1 year;
2. At least 25% of the issue is held by minority shareholders, or the total value of shares held by such shareholders is at least BGN 5,000,000;
3. Average monthly turnover of the issue on the Exchange for the last 6 months is not less than BGN 500,000;
4. Average monthly number of transactions in the issue on the Exchange for the last 6 months is not less than 200 transactions.
|
No requirements to first listing but afterwards each issue is monthly revised and respectively transferred to Unofficial Market, segment B, provided:
1. The average monthly value traded for the last 6 months has been less than BGN 4,000; or
2. The average monthly number of trades executed for the last 6 months has been less than 5.
|
Direct listing (different from the general case of transferring from Unofficial Market, segment A) is not allowed. |
| Additional Special Requirements |
Issuer has committed itself to carry out its activity in conformity with the National Corporate Governance Code, approved by the Exchange. |
Issuer has committed itself to carry out its activity in conformity with the National Corporate Governance Code, approved by the Exchange. |
|
 |
| Contact Information |
 |
| Calendar of Holidays |
 |
| 2010 Public Holidays for Bulgaria |
| January |
|
| March |
|
| April |
|
| May |
|
| September |
|
| December |
|
| Market Capitalization & Index |
|
| |
Market Capitalization US$ Millions |
Index |
| 9/2009 |
9,138.0047
|
480.1400
|
| 10/2009 |
8,797.3202
|
457.6100
|
| 11/2009 |
8,703.2965
|
451.7600
|
| 12/2009 |
8,647.1865
|
427.2700
|
| 1/2010 |
8,241.0927
|
435.5000
|
| 2/2010 |
7,744.3663
|
423.7800
|
| 3/2010 |
7,843.8783
|
421.4400
|
| 4/2010 |
7,644.8095
|
416.9600
|
| 5/2010 |
6,687.6831
|
381.6800
|
| 6/2010 |
6,502.9073
|
373.0200
|
| 7/2010 |
6,967.0988
|
370.0100
|
| 8/2010 |
6,910.2412
|
388.9500
|
| Featured Charts |
 |
Volume (US$ Millions)
Index
|
| Related Links |
 |
|
