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Bulgarian stock indices close mostly in red, SOFIX drops below 600 points

Bulgarian stock indices close mostly in red, SOFIX drops below 600 points Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 21 (SeeNews) - Most of the share indices of the Bulgarian Stock Exchange (BSE) continued their losing streak on Wednesday, with the blue-chip SOFIX erasing 0.27% to 599.98 points, thus falling below 600 points for the first time since early August.

The SOFIX decline was driven by a 2.13% drop in Doverie United Holding [BUL:DUH] to7.34 levs and a 2.11% decrease in fertiliser maker Neochim [BUL:NEOH] to 37.20 levs.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, erased 0.16% to 138.92 points, as Zarneni Hrani Bulgaria tumbled 9.25% to 0.157 points in a trading volume of 8,450. Investment firm Eleven Capital [BUL:11C] also joined the decliners, with a 4.37% drop to 19.70 levs.

Battery maker Monbat [BUL:MONB], on the other hand, jumped 4.34% to 5.05 levs as the company announced a share repurchase of up to 3% of its registered capital.

The decline at Eleven Capital was compounded by a 2.62% slip to 1.86 levs in Industrial Holding Bulgaria [BUL:IHB] to drive the BGTR30 index 0.19% lower to 726.44 points.

The BGREIT index, which tracks seven real estate investment trusts, was the only one to close in the black, rising 0.17% to 181.76 points, after Bulgarian Real Estate Fund REIT [BUL:BREF] added 0.88% to 2.28 levs with 1,115 shares traded.

The NIF Dynamic fund [BUL:DYN] was the most liquid stock on Wednesday, with as many as 60,000 bought and sold generating a turnover of 642,000 levs. It closed flat at 10.70 levs per share.

Total turnover on the BSE's main market improved to just over 1.08 million levs ($545,220/552,195 euro) on Wednesday from 558,019 levs on Tuesday.

The BSE will be closed for trading on Thursday for Independence Day.

(1 euro = 1.95583 levs)