Bulgarian stocks turned sharply power at the open on Friday and main indices fell 7% after the recent severe slump of international markets. The panic sell-off returned in higher volumes. Liquid shares underperformed the broad market but several REITs also fell. Two banks were the most traded positions by turnover. First Investment Bank was 10% lower and found support at BGN 3.10. Industrials and diversified holdings were also actively traded but not to extreme levels. The correlation with developed markets will remain the primary driver for BSE.
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