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Sofia bourse blue-chip index sinks to 9-month low after 5-day losing run

Author Mario Tanev
Sofia bourse blue-chip index sinks to 9-month low after 5-day losing run Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), October 4 (SeeNews) - The Bulgarian Stock Exchange blue-chip SOFIX index ended a fifth consecutive trading session lower, sinking to its lowest closing value since January.

On Friday, the index slid 0.51% to 563.02 points, hurt by a 4.26% decrease in the share price of financial and insurance group Eurohold Bulgaria [BUL:4EH].

On Thursday, Bulgaria's Commission for Protection of Competition opened proceedings regarding financial and insurance group Eurohold Bulgaria's [BUL:4EH] planned acquisition of the local assets of Czech energy group CEZ. The deal values the assets at 335 million euro.

Other notable decliners on Friday were resort operator Albena [BUL:6AB] and software group Sirma Group Holding [BUL:SKK], which lost 1.41% and 1.40%, respectively.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, decreased 0.20% to 111.53 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, slid 0.21% to 501.73 points.

The BGREIT index, which tracks the performance of real estate investment trusts, edged up 0.10% to 127.11 points.

Total regulated market trading turnover rose to 515,000 levs on Friday from 203,000 levs on Thursday.

(1 euro = 1.95583 levs)

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