Fibank, Sirma Group prop up Sofia bourse indices

First Investment Bank, or Fibank, [BUL:FIB], which leapt 4.65% to 2.70 levs, and software developer Sirma Group Holding [BUL:SGH], which increased by 3.55% to 0.73 levs, were the top SOFIX performers.

The two companies also advanced the BGBX40, which tracks the 40 most traded shares on the Sofia bourse, and the BGTR30, in which companies with a free float of at least 10% have equal weight. Both indices were additionally supported by a 2.94% climb in diversified group Stara Planina Hold [BUL:SPH] to 10.50 levs.

Overall, the BGBX40 index added 0.56% to 164.72 points, while the BGTR30 grew by 0.48% to 817.76 points.

The BGREIT index, which tracks seven real estate investment trusts, went up 0.46% to 191.27 points on the back of a 2.38% rise in Bulgarian Real Estate Fund REIT [BUL:BREF] to 2.58 levs.

In contrast, the BEAMX, which tracks the ten most highly capitalised growth companies, declined by 0.13% to 97.15 points. The index was driven down by a 19.02% plunge in electric vehicle manufacturer Sin Cars Industry [BUL:SIN] to 0.332 levs.

Total turnover on the main market of the BSE slumped to 180,864 levs ($100,427/92,474 euro) on Wednesday from 725,950 levs a day earlier.

The most liquid stock of the day was IoT products maker Shelly Group [BUL:SLYG], which generated 107,359 levs as 1,612 shares traded. The company closed 0.91% higher at 66.60 levs.

(1 euro = 1.95583 levs)