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Sofia bourse blue-chip SOFIX extends losses, turnover shrinks

Sofia bourse blue-chip SOFIX extends losses, turnover shrinks Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), June 28 (SeeNews) - All share indices on the Bulgarian Stock Exchange (BSE) were in negative territory at Tuesday's close, with the blue-chip SOFIX in decline for the second day straight after falling 0.36% to 611.48 points, bourse data showed.

Diversified group Chimimport [BUL:CHIM] paced the decliners among SOFIX members, slipping 4.26% to 0.90 levs in a trading volume of 298,773 shares.

The diversified group's performance also contributed to a 0.21% decline in the BGTR30 index, in which companies with a free float of at least 10% have equal weight. The BGTR30 finished at 737.85 points.

Total turnover on the BSE's main market posted a stark drop to 1.27 million levs ($682,330/649,340 euro) on Tuesday from 5.44 million levs on Monday.

Chimimport was the third most liquid stock on the Sofia bourse, preceded by Bulgarian Real Estate Fund REIT [BUL:BREF] with a turnover of 301,422 levs. The most traded stock was Advance Terrafund [BUL:ATER] which generated turnover of 354,249 levs and closed 0.34% higher at 2.92 levs.

A 4.00% drop in Oil and Gas Exploration and Production [BUL:NGAZ] to 7.20 levs, coupled with Chimimport's losses, weighed on the BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse. The BGBX40 ended 0.17% lower at 143.50 points.

The BGREIT, which tracks seven real estate investment trusts, inched down 0.04% to 179.02 points, with its loss tempered by a 1.02% gain in BaSE market company Intercapital Property Development REIT [BUL:ICPD] to 0.99 levs.

Bulgaria-based investment platform Webit Investment Network, or WIN, [BUL:WIN1] made its debut on the Bulgarian Enterprise Accelerator Market (BEAM) segment of the BSE, closing 16.67% above its initial public offering (IPO) price at 1.22 levs, after 199,913 company shares were traded at an average price of 1.165 levs apiece.

(1 euro = 1.95583 levs)

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