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Fibank shares plunge again, drag Sofia stock indices lower

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

SOFIA (Bulgaria), June 14 (SeeNews) - The Bulgarian Stock Exchange blue-chip SOFIX index fell 0.12% to 578 points on Friday, hit by a 5.33% drop in the share price of lender First Investment Bank (Fibank) [BUL:5F4].

Other blue-chip decliners on Friday included Bulgarian Real Estate Fund REIT [BUL:5BU] and Stara Planina Hold [BUL:5SR], which lost 1.96% and 0.88%, respectively.

A 9.29% jump in the share price of Doverie United Holding [BUL:5DOV] was not enough for the SOFIX to end the session higher. Doverie United Holding was the most traded company on Friday, forming a turnover of some 922,000 levs.

Total regulated market turnover rose to 976,000 levs on Friday from 604,000 levs on Thursday.

Fibank also led decliners among the wider BGBX40 index, and was the second biggest loser among BGTR30 members.

The wider BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, fell 0.10% to 115.41 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, edged down 0.07% to 504.11 points.

The BGREIT index, which tracks real estate investment trusts, closed the session 0.46% lower at 122.90 points.

(1 euro = 1.95583 levs)