Bulgarian share indices keep ascending, Eurohold paces gainers

The SOFIX was pushed higher by a 3.75% leap in energy and insurance group Eurohold Bulgaria [BUL:EUBG] to 1.66 levs in a trading volume of 150,500.

Furthermore, First Investment Bank [BUL:FIB], or Fibank, rose 3.65% to 2.84 levs, with 24,137 shares traded, while M+S Hydraulic [BUL:MSH] went up 1.72% to 11.80 levs.

Eurohold and Fibank also spurred on the broader BGBX40, which tracks the 40 most traded shares on the Sofia bourse. The index closed 0.68% higher at 158.09 points. Index constituent Telematic Interactive Bulgaria [BUL:TIB] also registered an increase, of 3.57% to 14.50 levs.

The BGTR30, in which companies with a free float of at least 10% have equal weight, ticked up 0.29% to 788.53 points, again on the back of Eurohold as well as on a 2.14% climb in poultry producer Gradus [BUL:GR6] to 1.43 levs.

The BGREIT, which tracks seven real estate investment trusts, edged up 0.24% to 191.19 points, following a 1.23% gain in Advance Terrafund REIT [BUL:ATER] to 3.29 levs.

The sole index to lose ground on the day was the BEAMX, which tracks the ten most highly capitalised growth companies and which slipped 0.79% to 98.90 points. The weak performance resulted from a 4.11% loss in Webit Investment Network [BUL:WIN] to 0.70 levs. That was compounded by a 2.68% decline in Dronamics Capital [BUL:DRON] to 2.90 levs after 46,298 company shares traded.

The highest turnover on the day, of 901,435 levs ($497,151/460,896 euro), was registered by IoT products maker Shelly Group [BUL:SLYG]. The stock closed 0.74% higher after the company reiterated its full-year guidance for a 51% growth in sales.

Overall turnover on the main market of the BSE grew to 2.63 million levs on Wednesday from some 1.66 million levs a day earlier.

(1 euro = 1.95583 levs)