March 28 (SeeNews) - All but one of the main Bulgarian Stock Exchange (BSE) indices retreated on Tuesday, with SOFIX losing the most ground, following a 3.45% decline at energy and insurance group Eurohold Bulgaria [BUL:EUBG] to 1.40 levs, bourse data showed.
On Tuesday, Fitch Ratings downgraded to CC from B+ the IFS ratings of non-life insurer Euroins Romania, part of Eurohold's subsidiary Euroins Insurance Group (EIG), and placed the Bulgarian units of EIG on negative ratings watch.
SOFIX closed at 601.64 points, further brought down by a 1.00% decrease at Sopharma Trading [BUL:SFT] to 5.96 levs.
On the other hand, the top blue-chip gainer was First Investment Bank [BUL:FIB], which added 1.87% to 2.18 levs followed by Bulgarian Stock Exchange [BUL:BSE] with a 1.19% rise to 8.50 levs.
The loss at Eurohold Bulgaria also affected the BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, and the BGTR30 index, in which companies with a free float of at least 10% have equal weight.
The BGBX40 finished trading 0.51% lower at 138.79 points, further weighed down by a 9.04% slump at Bulgarian River Shipping [BUL:BRP] to 0.755 levs and a 2.50% decline at Stara Planina Hold [BUL:SPH] to 9.75 levs.
Eurohold Bulgaria and Stara Planina Hold caused a 0.10% decrease in the BGTR30 to 717.76 points.
The BGREIT index, which tracks seven real estate investment trusts, was the only one to end the trading session on an upbeat note, up 0.39% to 184.75 points. The positive performance was chiefly the result of a 4.52% jump in ROI Property Fund REIT Sofia [BUL:RPF] to 8.10 levs.
Velgraf Asset Management [BUL:VAM] was the most liquid stock for the second day running, generating 513,000 levs from 112,500 shares traded at an average and final price of 4.56 levs.
Total turnover on the main market of the BSE slumped by about a third to 1.57 million levs ($870,443/802,728 euro) on Tuesday from 2.31 million levs on the previous day.
(1 euro = 1.95583 levs)
Join our free newsletter Energy in Southeast Europe to stay up to date with the latest in the sector.