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Bulgarian stock indices gain over 2% each

Bulgarian stock indices gain over 2% each Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), March 25 (SeeNews) - The Bulgarian stock indices, with the exception of BGREIT, leaped more than 2 percent each amid active trade on Friday, backed by double-digit growth in Central Cooperative Bank [BUL:CCB], diversified group Chimimport [BUL:CHIM] and fertiliser producer Neochim [BUL:NEOH].

Turnover on the main market expanded to 3.6 million levs ($2.02 million/1.8 million euro) from 2.2 million levs a day earlier, bourse data showed.

The blue-chip SOFIX index added 2.23% to 610.52 points.

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, climbed up 2.12% to 141.90 points.

The BGTR30, under which companies with a free float of at least 10% have equal weight, rose 2.08% to 717.68 points.

A major boost to the indices' gains came from blue chip Central Cooperative Bank (CCB). The lender closed 17.80% higher at 1.39 levs as 173,105 shares changed hands.

Another blue chip, Chimimport, added 15.15% to 0.98 levs as 215,736 shares changed hands. At the same time diversified group Zarneni Hrani Bulgaria [BUL:T43], which encompasses Chimimport's agricultural business, appreciated 17.77% to 0.23 levs in a volume of 138,020 shares.

BGBX40 component Neochim too booked hefty gains of 17.00%. It closed at 46.8 levs in a volume of 2,179 shares.

The BGREIT, which tracks seven real estate investment trusts, closed the session which much more modest gains - of 0.34% to 171.52 points.

(1 euro=1.95583 Bulgarian levs)

Central Cooperative Bank AD is among the biggest banks in SEE, for more reference take a look at Top 100 banks
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