November 13 (SeeNews) - Shares in Central Cooperative Bank (CCB) [BUL:4CF] fell 2.16% on Tuesday, extending their losses since Monday when the European Central Bank (ECB) said it will undertake a comprehensive assessment of the lender, as part of the process of establishing close cooperation on supervision with Bulgaria's central bank.
ECB will asses six banks in Bulgaria, including an asset quality review and a stress test, in relation to the country's bid to join the Banking union.
CCB shares ended Tuesday's trading session at 1.485 levs apiece - a drop of 4.81% since ECB's announcement.
The other BSE-listed lender, which will be checked by the ECB - First Investment Bank [BUL:5F4], did not trade on Tuesday.
CCB shares posted the second steepest decline among blue chips on Tuesday, outpaced only by Holding Varna [BUL:5V2], which lost 2.16% to 36.2 levs. However, Holding Varna's share price decrease was solely due to a single deal for just 10 shares in the company.
Construction company Trace Group Hold [BUL:T57] followed with a 1.94% decline to 3.04 levs - its lowest close since June 2013.
The benchmark SOFIX index, which tracks the 15 biggest and most traded companies on the bourse, posted back-to-back losing sessions, after ending 0.27% lower at 593.86 points on Tuesday.
Trading turnover on the BSE regulated market remained high, increasing to 2.53 million levs ($1.46 million/1.29 million euro) on Tuesday from 2.41 million levs on Monday.
Trading in shares in 235 Holdings [BUL:94G] formed nearly 80% of the total turnover on Tuesday, as 159,160 shares in the company changed hands in two deals worth a total of some 2 million levs.
The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, lost 0.51% to 116.31 points, as Industrial Holding Bulgaria (IHB) [BUL:4ID] shares erased their gains from the preceding session.
IHB shares closed 4.37% lower at 0.985 levs on Tuesday, following a 5.64% rise on Monday.
The BGREIT index, which tracks the performance of real estate investment trusts (REITs), fell 0.15% to 117.05 points, solely on the back of a 0.77% decrease in the share price of Advance Terrafund REIT [BUL:6A6] - the largest component of the index in terms of market capitalisation.
All other BGREIT components ended Tuesday's trading session unchanged.
The BGTR30 index, in which companies with a free float of at least 10% have equal weight, closed 0.48% lower at 496.19 points, as IHB fell most among its components.
(1 euro = 1.95583 levs)
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