February 7 (SeeNews) - The indices of the Bulgarian Stock Exchange (BSE) on Wednesday recouped some of the losses they suffered in the previous session, bourse data showed.
Global markets have bounced back after U.S. stock market index Dow Jones Industrial Average closed 4.6% lower at 24,345.75 points on Monday in a sell-off sparked mainly by investor concerns of higher interest rates. In Europe, Germany's DAX, France's CAC40 and the UK's FTSE100 followed with smaller declines on Tuesday but regained some lost ground on Wednesday.
The blue-chip SOFIX index of the BSE closed 1.51% higher, at 700.99 points on Wednesday, after falling 3.57% on Tuesday.
On Tuesday, Yavor Iliev, broker at Elana Trading told SeeNews that his team expects the market to be supported and the indices to recover, by the end of the trading session on Tuesday or on Wednesday.
The broader BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, added 1.3% to 135.62 points, following a 2.81% decrease on Tuesday.
The BG-REIT index, which tracks the performance of real estate investment trusts, closed unchanged at 114.50 points on Wednesday. On Tuesday, the index closed 0.63% lower.
The BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, increased 0.83% to 564.05 points, after decreasing 1.79% on Tuesday.
Total trading turnover on the BSE's regulated market edged down to 2.45 million levs ($1.54 million/1.25 million euro) on Wednesday from 2.56 million levs on Tuesday.
Resort operator Albena [BUL:6AB] was the top blue-chip gainer on Wednesday, closing 4.2% higher at 62.0 levs.
Chemical fertiliser producer Neochim [BUL:3NB] led the blue-chip decliners, falling by 2.83% to 48.0 levs.
Industrial conglomerate Chimimport [BUL:6C4] was the most traded blue chip on Wednesday, as 112,305 of its shares changed hands at a weighted average price of 2.5026 levs apiece.
(1 euro = 1.95583 levs)