You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Drop in Bulgaria's CCB shares drag SOFIX down, turnover jumps

Drop in Bulgaria's CCB shares drag SOFIX down, turnover jumps Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 9 (SeeNews) - The Bulgarian Stock Exchange's blue-chip SOFIX index closed 0.08% lower at 573.70 points on Monday, hit by a 3.38% drop in the share price of Central Cooperative Bank (CCB) [BUL:4CF].

CCB share price fell after the lender was one of the top gainers among the members of the SOFIX in the previous trading session.

Regulated market trading turnover soared to some 1.26 million levs ($712,200/644,200 million euro) on Monday from just 135,200 levs in Thursday, mostly due to five deals in the shares of pharmaceuticals producer Sopharma [BUL:3JR] worth close to 102,000 levs in total, bourse data showed.

The stock exchange in Sofia was closed on Friday for a public holdiday.

On the winners' side of the list, Sirma Group Holding's [BUL:SKK] shares closed 4.32% higher, marking the sharpest growth among the SOFIX components on Monday.

CCB was also the top decliner among the members of the BGTR30 index, in which companies with a free float of at least 10% have equal weight, although the index closed 0.05% higher at 506.43 points backed by Sirma Group Holding's gains.

The wider BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, edged down 0.02% to 112.92 points as diversified group Synergon Holding's [BUL:6S7] shares dropped 8.08% to 0.91 levs.

Synergon Holding said on Monday that it has acquired a 0.75% stake in local lighting equipment retailer Svetlina [BUL:3LX] in a buyout bid priced at 66,420 levs.

The BGREIT index, which tracks real estate investment trusts, closed unchanged on Monday at 126.77 points.

(1 euro = 1.95583 levs)