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Fibank drags down most Sofia bourse indices, SOFIX retreats 1.03%

Fibank drags down most Sofia bourse indices, SOFIX retreats 1.03% Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), May 12 (SeeNews) - Three of the four share indices of the Bulgarian Stock Exchange (BSE) notched losses at the end of Thursday's trading session, with the blue-chip SOFIX index dropping 1.03% to 601.82 points, bourse data showed.

First Investment Bank [BUL:FIB] paced the blue-chip decliners after it slid 6.25% to 1.95 levs amid a trading volume of 136,743 shares. Fibank was also the most liquid stock on the Sofia bourse on Thursday, generating a turnover of 266,649 levs ($141,310/136,335 euro).

The bank was followed close behind by investment firm Eleven Capital [BUL:11C] which shed 6.06% to 15.50 levs as 1,295 shares were bought and sold. Doverie Holding [BUL:DUH] was another blue-chip decliner, down 5.17% to 6.60 levs.

Fibank's and 11C's losses weighed on the BGBX40 index, which tracks the 40 most traded shares on the BSE, as well as on the BGTR30 index, in which companies with a free float of at least 10% have equal weight.

The BGBX40 ended the day 0.64% lower at 142.45 points whereas the BGTR30 declined 0.76% to 715.80 points.

At the other end of the spectrum, Sopharma Trading [BUL:SFT] led the SOFIX gainers with a rise of 2.27% to 4.51 levs and 300 shares traded. Among the BGBX40 companies, Oil and Gas Exploration and Production [BUL:NGAZ] added 12.04% to 6.05 levs, while Varna-based Galata Investment Company [BUL:GTH] paced the BGTR30 gainers with an increase of 2.61% to 2.36 levs.

Turnover on the BSE improved to 1.27 million levs on Thursday, having fallen to 822,928 levs on Wednesday.

(1 euro = 1.95583 levs)

First Investment Bank AD is among the biggest banks in SEE, for more reference take a look at Top 100 banks
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