Bulgarian stocks resumed their decline on Thursday. Blue chips underperformed the broad market and Sopharma and Bulgarian American credit Bank fell the most. The pharmaceutical company penetrated the support level of BNG 4.00 and posted increased number of deals due to the persistent selling pressure. BACB weighted on SOFIX as shares traded in the current broad spread between bid and ask prices. The trading remained moderate and most shares are falling without visible support from the market. This will jeopardize our expectations for stable trading during the second half of the week. SOFIX was last seen 1.34% down, whereas the broader market gauge BGTR30 was 0.58% on the red.
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