March 13 (SeeNews) - Three of the four main indices of the Bulgarian Stock Exchange (BSE) closed in red territory on Monday, with the blue-chip SOFIX losing 1.21% to 625.09 points after the BSE operator recently announced changes in its composition.
Almost all members of SOFIX closed lower on Monday, with First Investment Bank (Fibank) [BUL:FIB] suffering the strongest drop of 4.35% to 2.20 levs with 13,501 shares traded. It was followed by software developer Sirma Group Holding [BUL:SGH], which fell by 4% to 0.60 levs with 65,091 shares traded.
The only gainer in SOFIX was Bulgarian Real Estate Fund REIT [BUL:BREF], which added 1.87% to 2.18 levs.
The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, fell by 1.03% to 142.30 points. The index was particularly pressed by venture capital firm Eleven Capital [BUL:11C], which plunged by 7.01% to 19.90 levs. Furthermore, diversified group Industrial Holding Bulgaria [BUL:IHB] dropped by 5.26% to 1.80 levs with 28,531 shares traded.
Eleven Capital, Industrial Holding, Fibank and Sirma Group also pushed down the BGTR30, in which companies with a free float of at least 10% have equal weight. The index eventually closed 1.20% lower at 728.00 points.
Thanks to Bulgarian Real Estate Fund, the BGREIT index was the only index to close in green territory. The index, which tracks seven real estate investment trusts, added 0.18% to 188.08 points.
Total turnover on the main market of the Bulgarian Stock Exchange jumped to 1.29 million levs ($707,384/659,567 euro) on Monday from 878,707 levs on Friday.
More than half of the turnover, or 755,190 levs, was generated by IoT products maker Allterco [BUL:A4L]. The stock closed 0.88% lower at 22.50 levs with 33,564 shares traded.
The Bulgarian Stock Exchange [BUL:BSE] said on Friday that it will be the newest member of SOFIX, with effect from March 20. The bourse operator said it has revised the composition of the blue-chip index, with revisions also made to the broader BGBX40 and the BGTR30 indices.
(1 euro = 1.95583 levs)
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