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Fibank shares plunge 6.41%, drag Sofia stock indices lower

Author Mario Tanev
Fibank shares plunge 6.41%, drag Sofia stock indices lower Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), October 23 (SeeNews) - Lender First Investment Bank (Fibank) [BUL:5F4] suffered a bruising trading session on Wednesday, losing 6.41% to close at 2.92 levs, and dragging Bulgarian Stock Exchange indices along.

The blue-chip SOFIX index fell 0.83% to 559.56 points, as five of its members closed in red, while ten ended unchanged.

Fibank also led decliners among the BGTR30 index, in which companies with a free float of at least 10% have equal weight. The BGTR30 erased 0.41% of its value, closing the session under the 500 point mark at 499.45 points.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, fell 0.64% to 100.48 points, as it was also hit by an 8.33% drop in the share price of metal products maker Alcomet [BUL:6AM].

The BGREIT index, which tracks the performance of real estate investment trusts, added 0.16% to 127.98 points.

Total regulated market trading turnover nearly doubled to 800,000 levs on Wednesday from 458,000 levs on Tuesday.

(1 euro = 1.95583 levs)