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Gradus IPO boosts Sofia bourse turnover, SOFIX rises

Gradus IPO boosts Sofia bourse turnover, SOFIX rises hxdbzxy/

SOFIA (Bulgaria), June 18 (SeeNews) - The successful initial public offering (IPO) of poultry producer Gradus [BUL:GR6T] boosted Bulgarian Stock Exchange's turnover on Monday, bourse data shows.

Gradus' IPO generated 79.1 million levs ($46.9 million/40.4 million euro) turnover on its first day, as 43.96 million shares were subscribed at a price of 1.8 levs per share. The company had said the IPO would be considered successful if at least 36.1 million shares are subscribed for. The IPO auction will continue on Tuesday.

Turnover on the Sofia bourse amounted to 79.5 million levs on Monday, up from 370,600 levs on Friday.

Bulgaria's Central Cooperative Bank [BUL:4CF] rose the most among blue chips, closing 5.95% higher at 1.78 levs.

Software developer Sirma Group Holding [BUL:SKK] led the blue-chip decliners, closing 2.69% lower at 0.94 levs.

Bulgarian industrial conglomerate Chimimport [BUL:6C4] was the most traded blue-chip on Monday, as 43,219 shares changed hands at an average price of 2.2680 levs.

The blue-chip SOFIX index added 0.46% to 630.77 points on Monday, after falling by 1.48% on Friday.

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, rose by 0.35% to 124.51 points, following a 1.43% decrease on Friday.

The BG-REIT index, which tracks the performance of real estate investment trusts, closed 0.31% lower at 114.16 points, after closing flat on Friday.

The BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, declined 0.37% to 522.06 points on Monday, after falling by 0.95% on Friday.

(1 euro = 1.95583 levs)