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Industrial holding cos gain most on Sofia exchange, Yuri Gagarin sinks further

Author Mario Tanev
Industrial holding cos gain most on Sofia exchange, Yuri Gagarin sinks further Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), May 23 (SeeNews) - Industrial holding companies led gainers on the Bulgarian Stock Exchange on Thursday, as stock indices ended the session higher.

Industrial Capital Holding [BUL:4I8] shares rose most among BSE-listed companies, by 9.82% to 2.46 levs, despite the fact that earlier this week the company announced a slight decrease in its first-quarter consolidated revenue and net profit.

Severcoop Gamza Holding [BUL:6S4] and Synergon Holding [BUL:6S7] were the two other major gainers, adding 9.73% and 5.26%, respectively. Synergon Holding shares bounced back from a 5% drop in the preceding trading session.

The biggest decliner on the stock exchange was cigarette filters maker Yuri Gagarin [BUL:4PX], which suffered a bruising 9.09% drop in its share price on Thursday. Earlier this week, the company said that one of its major shareholders, local company Baranco, has sold a 24.5% stake in the company to UAE-registered Finder Limited for an undisclosed price.

Yuri Gagarin's share price is down more than 48% year-to-date.

The three holding companies backed the rise of the BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia. The BGBX40 closed 0.38% higher at 114.65 points.

The BGTR30 index, in which companies with a free float of at least 10% have equal weight, rose 0.41% to 500.70 points, as Severcoop Gamza Holding led gainers among its members.

The SOFIX index, which tracks the 15 blue chips on the Sofia exchange, advanced 0.10% to 573.51 points, backed by a hefty 2.13% rise in the share price of Advance Terrafund REIT [BUL:6A6].

Advance Terrafund REIT was also the top gainer among the constituents of the BGREIT index, which tracks real estate investment trusts. The BGREIT, which hit an all-time high of 121.79 points last week, closed Thursday's trading session with a 0.52% rise to 121.41 points.

Total regulated market trading turnover plunged further to just 82,000 levs ($47,000/42,000 euro) on Thursday from 144,000 levs on Wednesday.

The Bulgarian Stock Exchange will be closed on Friday for a national holiday.

(1 euro = 1.95583 levs)

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