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Bulgarian stocks extend losses

Bulgarian stocks extend losses

SOFIA (Bulgaria), January 16 (SeeNews) - The indices of the Bulgarian Stock Exchange continued to fall on Wednesday, dragged down by the luckluster performance of the shares of companies operating in various sectors of the economy, bourse data showed.

The SOFIX index, which tracks the 15 most traded and capitalised companies listed on the Sofia bourse, dropped a further 0.37% to 563.49 points, following losses in battery maker Monbat [BUL:5MB], diversified group Chimimport [BUL:6C4] and Central Cooperative Bank (CCB) [BUL:4CF]. On Tuesday, the SOFIX lost 0.44%.

Monbat closed 1.95% lower at 7.55 levs ($4.40/3.86 euro) in a turnover of just 17 shares. Chimiport fell 1.11%, while CCB shed 0.79% of its share price to close at 1.26 levs in a volume of 8,468 shares.

The BGBX40 index, which tracks the 40 most traded shares, closed 0.39% lower at 111.14 points, after falling 0.29% on Tuesday.

The BGREIT index, which tracks real estate investment trusts listed on both the regulated market and the BaSE Alternative Market of the Sofia bourse, closed at 119.84 points, down 0.10%.

(1 euro=1.95583 Bulgarian levs)