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

Sofia bourse blue-chip index falls as Doverie United Holding shares retreat

Author Mario Tanev
Sofia bourse blue-chip index falls as Doverie United Holding shares retreat Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), June 3 (SeeNews) - The Bulgarian Stock Exchange blue-chip SOFIX index started the week with a 0.36% decrease to 580.39 points, hit by a 4.90% drop in the share price of diversified group Doverie United Holding [BUL:5DOV].

Doverie United Holding shares closed at 2.72 levs, erasing their gains in the preceding two trading sessions. However, Doverie United Holding shares are still 72% up year-to-date, after the company recorded a solid improvement in its financial performance and completed the acquisition of a majority stake in Moldova's Moldindconbank. 

Other major blue-chip decliners on Monday were diversified group Holding Varna [BUL:5V2] and First Investment Bank [BUL:5F4], which lost 3.38% and 1.19%, respectively.

The drop in Doverie United Holding shares, along with a 8.72% decrease in the share price of Holding Sveta Sofia [BUL:4HS], also dragged down the wider BGBX40 index and the equally-weighted BGTR30 index.

The BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, erased 0.37% to 115.28 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, slipped 0.54% to 503.20 points.

The BGREIT index, which tracks real estate investment trusts, closed the session 0.05% higher at 121.60 points, as a 0.52% rise in Bulgarian Real Estate Fund REIT [BUL:5BU] shares was partially offset by a 0.26% drop in Advance Terrafund REIT's [BUL:6A6] share price.

Total regulated market turnover fell to 186,000 levs ($107,000/95,000 euro) on Monday from 214,000 levs on Friday.

(1 euro = 1.95583 levs)

 

Compare