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Sofia bourse blue-chip index closes lower, Toplofikatsiya-Ruse boosts turnover

Sofia bourse blue-chip index closes lower, Toplofikatsiya-Ruse boosts turnover

SOFIA (Bulgaria), October 4 (SeeNews) - The blue-chip SOFIX index of the Bulgarian Stock Exchange (BSE) started the week 1.91% lower at 570.68 points as it was negatively influenced mainly by a 6.50% decline in the shares of diversified group Industrial Holding Bulgaria [BUL:IHB].

Industrial Holding Bulgaria's loss was followed by a 5.03% drop in the shares in drug maker Sopharma [BUL:SFA], bourse data showed.

As many as 1,050 shares in Industrial Holding Bulgaria traded at an average price of 1.8690 levs on the floor of the Sofia bourse, while 8,471 Sopharma shares changed hands at an average price of 3.8363 levs.

Turnover on BSE's main market rose to 3.7 million ($2.2 million/2.0 million euro) on Monday from 1.4 million levs on Friday.

The most-traded company on Monday was heating utility Toplofikatsiya-Ruse [BUL:TPLR]. A total of 650,000 shares in the company traded 2.50% lower at an average price of 3.1200 levs, contributing over 2 million levs to the daily turnover.

The BGBX40 index, which tracks the 40 most traded shares on the BSE, went down by 1.41% to 132.66 points, while the BGTR30 in which companies with a free float of at least 10% have equal weight, lost 1.07% to 646.99 points.

The BGBX40 was mostly dragged down by an 8.50% decrease in the shares of aluminium products manufacturer Alcomet [BUL:ALCM]. A 7.50% drop in the shares of fertiliser producer Neochim [BUL:NEOH] weighed on the BGTR30.

The BGREIT index, which tracks seven real estate investment trusts, added 0.14% to 161.76 points due to a 1.17% increase in the share price of Advance Terrafund REIT [BUL:ATER].

(1 euro = 1.95583 levs)

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