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Lenders hit Sofia bourse blue-chip index ahead of ECB check results

Author Mario Tanev
Lenders hit Sofia bourse blue-chip index ahead of ECB check results Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), July 16 (SeeNews) - The Bulgarian Stock Exchange blue-chip SOFIX index fell 0.22% to 578.55 points on Tuesday, dragged down by the two banks among its constituents - Central Cooperative Bank (CCB) [BUL:4CF] and First Investment Bank (Fibank) [BUL:5F4].

CCB shares lost 2.34% to 1.46 levs on Tuesday, leading blue-chip decliners, followed by Fibank shares, which erased 1.27% to 3.10 levs.

The two banks went through a comprehensive assessment by the European Central Bank (ECB) at the end of 2018, with the results of the check due to be published by the end of July.

The BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, rose 0.10% to 114.7 8 points, while the BGTR30, in which companies with a free float of at least 10% have equal weight, added 0.20% to 507.83 points.

The BGREIT index, which tracks real estate investment trusts, edged down 0.06% to 126.79 points.

Total regulated market trading turnover increased to 120,000 levs ($69,000/61,000 euro) on Tuesday from 68,000 levs on Monday, but remained well below its average for the month of July 2018.

(1 euro = 1.95583 levs)