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Bulgarian stock indices drop, Gradus loses 7.3%

Bulgarian stock indices drop, Gradus loses 7.3% Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 17 (SeeNews) - All indices of the Bulgarian Stock Exchange (BSE) ended the week on negative territory, mostly dragged down by a 7.30% decrease in the share price of poultry producer Gradus [BUL:GR6], bourse data showed on Friday.

As many as 214,333 shares in Gradus traded at an average price of 1.2871 levs on the floor of the Sofia bourse on Friday.

Gradus led decliners among members of the blue-chip SOFIX index and the BGTR30 index, in which companies with a free float of at least 10% have equal weight. The SOFIX went down 0.97% to 556.43 points, while the BGTR30 fell 0.23% to 635.82 points.

Earlier on Friday, Gradus said that it is proposing to its shareholders to approve the distribution of an interim gross dividend of 0.026 levs per share for the first half of 2021, or a total of over 6.3 million levs.

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, fell 0.25% to 129.40 points, negatively influenced by a 8.33% drop in the share price of Holding Sveta Sofia [BUL:SOF].

The BGREIT index, which tracks seven real estate investment trusts, closed 0.66% lower at 161.11 points, mostly due to a 2.67% drop in the shares of Bulgarian Real Estate Fund REIT [BUL:BREF].

Total turnover on the BSE's main market fell to 3.4 million levs ($2.0 million/1.7 million euro) on Friday from some 4 million levs on Thursday.

The most traded company on Friday was drug maker Sopharma [BUL:SFA]. A total of 205,278 shares in the company changed hands 1.07% lower at an average price of 3.7009 levs, contributing some 760,000 levs to the daily turnover.

Sopharma said late on Thursday that it intends to buy back 200,000 of its own shares on September 17 at a price of 3.70 levs per share.

(1 euro = 1.95583 levs)