M+S Hydraulic drives SOFIX up amid weak bourse turnover

The SOFIX increase was predominantly driven by M+S Hydraulic [BUL:MSH], which advanced 2.83% to 10.90 levs.

Diversified group Chimimport [BUL:CHIM], on the other hand, was the chief blue-chip decliner for the second day running, with a drop of 3.60% to 0.642 levs and 36,374 shares traded.

The BGREIT, which tracks seven real estate investment trusts, was the only other index to end on a positive note, adding 0.41% to 191.22 points. Sopharma Buildings REIT [BUL:SFB] contributed the most, ticking up 2.61% to 23.60 levs.

The strongest decline on the day was registered by the BEAMX, which tracks the ten most highly capitalised growth companies and which retreated 0.30% to 100.24 points. This was mainly the result of a 1.57% decline in investment firm Impulse I [BUL:IMP] to 1.25 levs as well as a 1.49% decrease in Sin Cars Industry [BUL:SIN] to 0.66 levs.

The 0.17% downfall in the BGTR30, in which companies with a free float of at least 10% have equal weight, was caused by Chimimport and by the 2.05% drop in Eleven Capital [BUL:11C] to 19.10 levs. The BGTR30 slipped to 781.29 points.

Lastly, the BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, inched down by 0.01% to 157.49 points. A 4.04% rise in cable maker Emka [BUL:EMKA] to 2.06 levs was not enough to offset a 6.52% tumble in Synergon Holding [BUL:SNRG] to 0.86 levs.

Total turnover on the main market of the Sofia bourse crashed to 240,563 levs ($134,081/122,998 euro) on Friday from 1.26 million levs on Thursday.

The highest turnover by a single stock was generated by Central Cooperative Bank [BUL:CCB], of 38,480 levs. The stock closed 0.67% lower at 1.48 levs after 26,000 shares changed hands.

(1 euro = 1.95583 levs)