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Sofia bourse blue-chip index rises, Sopharma shares most traded

Sofia bourse blue-chip index rises, Sopharma shares most traded Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 24 (SeeNews) - The blue-chip SOFIX index of the Bulgarian Stock Exchange (BSE) ended 0.44% higher at 564.03 points on Friday, mainly backed by a 3.63% increase in the share price of Doverie United Holding [BUL:DUH], bourse data showed on Friday.

As many as 29,268 shares in Doverie United Holding changed hands at an average price of 6.7270 levs on the floor of the Sofia bourse on Friday.

Total turnover on the BSE's main market dropped to some 2.6 million levs ($1.6 million/1.3 million euro) on Friday from 5 million levs on Thursday.

Drug maker Sopharma [BUL:SFA] was the most traded company on Friday. A total of 308,223 Sopharma shares traded 0.53% lower at an average price of 3.7401 levs, generating over 1.15 million levs of the daily turnover.

Sopharma said late on Thursday that it intends to buy back 300,000 of its own shares on September 24 at a price of 3.74 levs per share.

An 11.65% increase in the shares of diversified group Stara Planina Hold [BUL:SPH] helped gains in both the BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, and the BGTR30 in which companies with a free float of at least 10% have equal weight. The BGBX40 added 0.82% to 132.23 points, while the BGTR3 rose by 0.58% to 645.87 points.

A total of 12,865 shares in Stara Planina Hold traded at an average price of 10.7147 levs on Friday.

Stara Planina Hold gained 10.16% on Thursday and 10% on Tuesday. The BSE was closed on Wednesday due to a public holiday.

The BGREIT index, which tracks seven real estate investment trusts, edged down 0.07% to 161.58 points, mostly due to 0.68% decline in the shares of Roi Property Fund REIT [BUL:RPF].

(1 euro = 1.95583 levs)

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