SOFIA (Bulgaria), August 29 (SeeNews) – Bulgarian stocks ended mostly up on Friday with a decline in the price of Bulgarian-American Credit Bank (BACB) sending the blue-chip SOFIX index lower, brokers said.
The SOFIX index, which includes the 19 most liquid stocks on the Sofia bourse, lost 0.28% to 1,027.99 points. The broad BG 40 index, which tracks the 40 most liquid companies on the Bulgarian Stock Exchange (BSE), added 0.22% to 251.24.
Optimism among investors is rising as the summer is drawing to an end and indices were moving mostly up on Friday, Elena Nikolova, a broker at Sofia-based Bulbrokers told SeeNews.
A fall of 0.2% in BACB shares was one of the reasons why the SOFIX ended lower, Nikolova said. The stock, among the most traded on Friday, closed at 58.58 levs in a volume of 57,503 shares.
Car battery maker MonBat, also a blue-chip, gained investors’ attention and its shares traded in a relatively large volume, Nikolova said. The stock ended 1.3% lower at 12.02 levs after going up for several days. On Friday 11,067 MonBat shares changed hands.
On Friday 48 shares advanced, 45 fell and 28 ended flat.
Total turnover, excluding block and other pre-agreed deals, rose to 6.78 million levs ($5.1 million euro/3.5 million euro) from 2.25 million levs on Thursday.
The BG TotalReturn30 (BG TR30) index, in which companies with a free float of at least 10% have equal weight, gained 0.25% to 664.45 points and the BG-REIT index, tracking the performance of real estate investment trusts listed on the bourse, edged 0.06% higher at 86.51.
The Dnevnik 20 index, calculated by local business daily Dnevnik from the share prices of the 20 leading companies in terms of liquidity and market capitalisation, was up 0.13% to 134.18.
(1 euro = 1.95583 Bulgarian levs)
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