You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Single deal in Fibank drags SOFIX down, Trace Group partially rebounds

Author Mario Tanev
Single deal in Fibank drags SOFIX down, Trace Group partially rebounds hxdbzxy/

SOFIA (Bulgaria), September 13 (SeeNews) - The blue-chip SOFIX index of the Bulgarian Stock Exchange recorded back-to-back losing sessions, as First Investment Bank (Fibank) led decliners, falling 2% to 3.92 levs following a single deal for 100 shares.

The SOFIX ended the session 0.22% lower at 630.02 points, after edging down 0.09% on Wednesday.

Shares of Trace Group Hold gained 3.13% to a closing price of 3.3 levs, showing signs of recovery after losing more than 20% since a bus crash on August 25, allegedly caused by the poor condition of a road recently repaired by the company's unit Trace Svoge, killed 17 and left dozens injured.

Trace Group Hold was also the most traded blue chip, as 8,253 shares in the company changed hands in 33 deals for a total of 27,226 levs.

Trading turnover slumped to 177,090 levs ($105,715/90,545 euro) from 1.78 million levs in the preceding session.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, decreased by 0.11% to 121.73 points, dragged down by a 3.64% decrease in the share price of Agria Group Holding [BUL:A72].

Agria Group Holding is currently under investigation by Bulgaria's Commission for Protection of Competition over its acquisition of 100% of local company Kehlibar in 2016. The regulator opened proceedings as it was not notified of the transaction, despite the fact that, according to data from the two companies' annual financial statements for 2015, the combined turnover of Agria Group Holding and Kehlibar makes anti-trust clearance mandatory.

The BGREIT index, which tracks the performance of real estate investment trusts, ended the session unchanged at 117.13 points, as Advance Terrafund REIT [BUL:6A6] was its only component, which traded on Thursday.

The BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, added 0.06% to 520.91 points.

(1 euro = 1.95583 levs)