The Bulgarian stock market's last two weeks were marked by significant changes in the price of LUKoil Neftochim shares.

The refinery stock dove to an all-time low of 3.98 leva on June 5. The following days saw the company's shares gradually rebound until Wednesday when they jumped by 15.92 per cent to 4.52 leva per share (after closing at 3.90 on Tuesday).

Analysts said that Wednesday's lift in the share price of the refinery was due to the Deputy Prime Minister Petar Zhotev's meeting with LUKoil executive director Valentin Zlatev and other company officials. After the meeting several new projects were announced.

The SOFIX Index of the Bulgarian Stock Exchange also showed some interesting moves during the 14-day period. After a sluggish week, on June 1 the prices of most high-liquidity shares increased and the index rose to 76.05. The following week however, it was moving between 74 and 75 points.

This week the SOFIX started at very low levels, down to 72.00 points, but fought back slightly on Wednesday, closing at 72.84.

The shares of Bulgartabac Holding lost some of their value finishing the period at 9.18 leva, down from 9.98 leva at the beginning of the month. The news of British American Tobacco's interest in acquiring parts of the holding failed to help Bulgartabac gain value.

The most active item in the past two weeks was the Deutsche Telecom depositary receipts. Their price increased from 0.47 leva to 0.48 leva, with relatively large volumes changing hands on June 7 (5,000 shares), June 8 (1,000 shares) and June 13 (2,000 shares).