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Financials support rise of Sofia blue-chip stock index

Author Mario Tanev
Financials support rise of Sofia blue-chip stock index Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), August 23 (SeeNews) - The Bulgarian Stock Exchange blue-chip SOFIX index rose 0.30% to 576.43 points on Friday, backed by two members of the financial sector.

Central Cooperative Bank (CCB) [BUL:4CF] led gainers among SOFIX members, adding 3.16% to 1.63 levs. CCB was followed by financial and insurance group Eurohold Bulgaria [BUL:4EH], which saw a 2.56% increase in its share price on Friday, to 2.0 levs.

All other indices on the BSE closed lower on Friday.

The wider BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, fell 0.26% to 113.33 points on Friday, hit by fertilisers maker Neochim [BUL:3NB] and diversified group Holding Sveta Sofia [BUL:4HS], which lost 12.50% and 11.56%, respectively.

The BGTR30, in which companies with a free float of at least 10% have equal weight, ended 0.51% lower at 504.04 points, as Holding Sveta Sofia fell most among its constituents.

The BGREIT index, which tracks real estate investment trusts, slipped 0.05% to 127.16 points.

Total regulated market trading turnover grew to 1.14 million levs on Friday from 503,000 levs on Thursday. The rise in turnover was due to deals in shares in two fresh BSE members.

VF Alternative [2YH] shares, which started trading in Sofia in May, contributed 560,000 levs of the total turnover on Friday. Port Flot-Burgas [BUL:P2B], which started trading on Friday, accounted for a further 256,000 levs. Port Flot-Burgas shares closed at a price of 4 levs apiece, giving the company a market capitalisation of 40 million levs.

(1 euro = 1.95583 levs)