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Sofia bourse benchmark index ends 5-day winning run as lenders tumble

Author Mario Tanev
Sofia bourse benchmark index ends 5-day winning run as lenders tumble Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), December 5 (SeeNews) - The Bulgarian Stock Exchange's benchmark SOFIX index lost 0.68% to 597.25 points on Wednesday as blue-chip lenders suffered a heavy retreat.

The SOFIX had gained 3.11% in the previous five sessions, resurfacing over 600 points for the first time since October.

Central Cooperative Bank [BUL:4CF] fell the most among the 15 blue chips on the BSE, losing 3.27% to 1.48 levs.

First Investment Bank followed with a 2.54% decline to 3.46 levs.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, dropped 0.50% to 116.26 points as fertiliser producer Neochim [BUL:3NB] erased almost all its gains this week after closing 9.34% lower on Wednesday. 

Neochim's share price grew 5.81% on Tuesday, following a 5.52% increase on Monday.

Neochim's share price drop also dragged down the BGTR30 index, in which companies with a free float of at least 10% have equal weight. The index closed 0.44% lower at 494.09 points.

The BGREIT index, which tracks the performance of real estate investment trusts (REITs), edged down 0.09% to 117.47 points solely on the back of a 0.51% decrease in the share price of Advance Terrafund REIT [BUL:6A6].

Total trading turnover edged down to 859,000 levs ($498,000/439,000 euro) on Wednesday from 1.0 million levs on Tuesday.

(1 euro = 1.95583 levs)