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Lenders bring SOFIX down, 235 Holdings lifts Sofia exchange turnover

Author Mario Tanev
Lenders bring SOFIX down, 235 Holdings lifts Sofia exchange turnover Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), May 3 (SeeNews) - The Bulgarian Stock Exchange blue-chip SOFIX index dropped 0.14% to 571.30 points on Friday, as lenders First Investment Bank (Fibank) [BUL:5F4] and Central Cooperative Bank (CCB) [BUL:4CF] fell most among its constituents.

Fibank shares ended 4.47% lower at 3.42 levs on Friday, while CCB shares erased 2.88% to 1.52 levs.

Last week, Fibank said that its non-consolidated net profit fell to 15.9 million levs in the first quarter from 22.1 million levs in the same period of 2018, following a drop in revenue.

Central Cooperative Bank missed the April 30 deadline for publishing its first-quarter financial statement and is still due to announce the report.

Total regulated market trading turnover soared to 2.28 million levs ($1.3 million/1.2 million euro) on Friday from just 148,000 levs on Thursday.

The majority of the turnover on Friday was formed by two deals for 95,300 shares in real estate investment company 235 Holdings [BUL:94G], worth a total of 2 million levs.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, edged down 0.06% to 114.27 points, while the BGTR30, in which companies with a free float of at least 10% have equal weight, lost 0.07% to 501.04 points.

The BGREIT index, which tracks real estate investment trusts, lost 0.16% to 120.51 points, solely due to a 0.82% drop in the share price of Advance Terrafund REIT [BUL:6A6].

(1 euro = 1.95583 levs)