October 21 (SeeNews) - Bulgarian share indices extended their losses in falling turnover on Wednesday when a technical glitch halted trading on the bourse in Sofa for almost an hour, bourse data showed.
The SOFIX index, which comprises the 20 most liquid shares trading on the Bulgarian Stock Exchange dropped 1.25% to 475.49 points after it inched 0.04% down on Tuesday. The broader BG40 index, which tracks the 40 most traded shares on the bourse, lost 0.76% to 129.32 points after ending 0.35% lower a day ago.
Turnover, excluding block and other pre-agreed deals, more than halved to 1.2 million levs ($917,000/613,000 levs) from 2.5 million levs on Tuesday when volumes were lifted by trade in real estate investment trusts (REITs)
Trade in REITs totalled 101,000 levs compared to 1.26 million levs a day earlier.
On Wednesday, 43 stocks fell, 14 gained ground and six closed unchanged.
Insurer Euroins was the most traded on Wednesday as 187,819 shares changed hands. Its stocks ended 2.12% lower at 1.85 levs.
Sixteen blue chips traded, of which only two rose and the rest decreased. ELARG Agricultural Land Opportunity Fund led decliners among the SOFIX members plunging 4.25% to 0.9 levs in a volume of 12,850 shares.
Bulgarian Real Estate Fund (BREF) was liquid on Wednesday, as on Tuesday. A total 212,529 of its stocks changed hands ending 1.76% lower at 0.39 levs.
The BG-REIT index, which tracks the performance of REITs, skidded 0.33% to 48.65 points and the BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, slid 1.4% to 359.61 points.
On Tuesday, the BG-REIT dropped 2.54% and the BG TotalReturn30 index lost 0.15% to 364.71 points.
The Dnevnik 20 index, calculated by local business daily Dnevnik from the share prices of the 20 leading companies in terms of liquidity and market capitalisation, decreased 0.98% to 69.37 points. It gained 0.46% a day earlier.
(1 euro = 1.95583 Bulgarian levs)