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

Sofia bourse blue-ship index ends 3-day winning run as Eurohold shares drop

Author Mario Tanev
Sofia bourse blue-ship index ends 3-day winning run as Eurohold shares drop Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), November 15 (SeeNews) - The Bulgarian Stock Exchange blue-chip SOFIX index ended a three-day winning run after closing 0.88% lower at 553.88 points on Friday.

The index was hurt by a 4.62% plunge in the share price of financial and insurance group Eurohold Bulgaria [BUL:4EH]. 

Eurohold Bulgaria shares are down 11.3% since October 24, when the local competition regulator banned its 335 million euro deal to acquire the Bulgarian assets of Czech energy group CEZ.

Other notable decliners among blue chips were lender First Investment Bank [BUL:5F4] and diversified group Holding Varna [BUL:5V2], which lost 2.67% and 2.56%, respectively.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, decreased 0.24% to 109.40 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, fell 0.16% to 494.97 points.

The BGREIT index, which tracks real estate investment trusts, rose 0.25% to 129.88 points.

Total regulated market trading turnover fell to 239,000 levs on Friday from 295,000 levs in the previous trading session.

(1 euro = 1.95583 levs)

Compare