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Bulgarian stock indices fall, Chimimport weighs down on SOFIX

Bulgarian stock indices fall, Chimimport weighs down on SOFIX Photo: Bulgarian Stock Exchange / All rights reserved.

All indices of the Bulgarian Stock Exchange (BSE) closed in the red on Wednesday, the second trading session of the week, with the blue-chip SOFIX index sliding 1.02% to 608.21 points, bourse data showed.

Chimimport [BUL:CHIM] led the decliners among the companies of the SOFIX and the BGTR30, in which companies with a free float of at least 10% have equal weight. The diversified group dropped 5.98% to 0.88 levs in a trading volume of 38,225 shares.

The SOFIX's biggest gainer was battery manufacturer Monbat [BUL:MONB], which gained 4.55% to 5.75 levs as 10,494 shares changed hands. Earlier in the day, Monbat announced that it has struck a deal to sell its Germany-based lithium-ion division to UK battery technology company Britishvolt for 36 million euro ($38.4 million). Monbat accounted for a quarter of all trades out of all SOFIX constituents.

The BGTR30 finished Wednesday's session 0.24% lower at 732.16 points, further dragged down by Allterco [BUL:A4L], which retreated 4.71% to 17.20 levs as 4,189 shares were bought and sold.

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, retreated 0.59% to 145.11 points, mostly due to a 10.71% tumble in diversified group Zarneni Hrani Bulgaria [BUL:T43] to 0.20 levs.

The BGREIT, which tracks seven real estate investment trusts, inched down 0.19% to 181.24 points, on the back of a 1.8% decline in Bulgarian Real Estate Fund REIT [BUL:BREF] to 2.18 levs.

Total turnover on the Sofia bourse's main market was roughly 6.67 million levs ($3.6 million/3.4 million euro) on Wednesday, with Agria Group Holding [BSE:AGH] the most traded company generating 264,960 levs. Agria Group edged up 0.33% to 30.0 levs as 8,832 of its shares changed hands.

The BSE was closed for trading on Tuesday due to a public holiday in Bulgaria.

(1 euro = 1.95583 levs)

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