Eurohold, BREF drag down Sofia bourse indices

The benchmark index was pushed lower by energy and insurance group Eurohold Bulgaria [BUL:EUBG], which dropped by 4.19% to 1.60 levs. Bulgarian Real Estate Fund REIT [BUL:BREF] followed, slipping by 0.85% to 2.32 levs.

Eurohold and BREF also set back the BGBX40, which tracks the 40 most traded shares on the Sofia bourse. The index was further pressed by a 2.91% tumble at cable and wire manufacturer Emka [BUL:EMKA] to 2.00 levs. The BGBX40 closed 0.14% lower at 157.27 points.

The BGREIT, which tracks seven real estate investment trusts, was also constrained by the fall at BREF and erased 0.17% to 190.89 points.

A 1.96% decline in investment firm HR Capital [BUL:HRC] to 2.00 levs held back the BEAMX, which tracks the ten most highly capitalised growth companies. The index dipped by 0.08% to 100.16 points.

The only index to rise was the BGTR30 index, in which companies with a free float of at least 10% have equal weight. It advanced by 0.18% to 782.66 points, boosted by diversified group Chimimport [BUL:CHIM], which added 2.80% to 0.66 levs, along with diversified group Holding Nov Vek [BUL:HNVK], which climbed by 1.96% to 20.80 levs.

Total turnover on the main market of the Sofia bourse doubled to 486,631 levs ($271,900/248,810 euro) on Monday from 240,563 levs on Friday.

Eurohold was also the day's top stock by turnover, generating 212,800 levs with 133,000 shares traded.

(1 euro = 1.95583 levs)