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Sofia bourse indices again close higher, Gradus leads blue-chip gainers

Sofia bourse indices again close higher, Gradus leads blue-chip gainers Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), June 16 (SeeNews) - Indices on the Bulgarian Stock Exchange continued their winning streak on Wednesday, with the blue-chip SOFIX index climbing up 0.11% to 548.00 points, bourse data showed.

Poultry producer Gradus [BUL:GR6] was the top gainer among the blue chips on Wednesday, adding 3.45% to its share price. A total of 387 shares in Gradus changed hands at an average price of 1.50 levs each.

Other notable gainers among blue chips were Bulgarian Real Estate Fund REIT [BUL:BREF] and financial and pharmaceuticals producer Sopharma [BUL:SFA], with increases of 2% and 1.10%, respectively.

Sopharma said earlier on Wednesday that its CEO Ognyan Donev acquired 13,930 shares in the company at a weighted average price of 3.64 levs.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, went up 0.22% to 122.09 points, while the index, in which companies with a free float of at least 10% have equal weight, advanced 0.24% to 585.26 points. Both the BGBX40 and the BGTR30 were mainly backed by Industrial Holding Bulgaria [BUL:IHB].

Shares of Industrial Holding Bulgaria closed 5% higher at a price of 1.26 levs. A total of 23,300 shares of the company traded at an average price of 1.24 levs on Wednesday.

Last week, Industrial Holding Bulgaria said that its largest shareholder Bulls proposed to increase its stake to up to 58.3% by acquiring up to 25 million voting shares but no less than 15.8 million shares from other investors. Bulls, which holds interest of 35.02% in Industrial Holding Bulgaria, is now seeking to purchase an additional voting stake of up to 23.28%.

The BGREIT index, which tracks seven real estate investment trusts, rose 0.11% to 153.05 points, supported by the increase in the share price of Bulgarian Real Estate Fund REIT.

Total turnover on the main market doubled to some 1.28 million levs ($79,314/65,445 euro) on Wednesday from 629,800 levs on Tuesday.

(1 euro = 1.95583 euro)