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Sofia bourse indices close higher, Industrial Holding Bulgaria boosts turnover

Sofia bourse indices close higher, Industrial Holding Bulgaria boosts turnover Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), August 9 (SeeNews) - All indices of the Sofia bourse started the week on positive territory, supported by gains in diversified group Doverie United Holding [BUL:DUH] and the Bulgarian Stock Exchange (BSE) [BUL:BSE].

The blue-chip SOFIX index climbed up 0.10% to 580.86 points, mainly backed by a 2.55% increase in the share price of Doverie United Holding.

A total of 4,649 shares in the holding company traded at an average price of 7.1284 levs on the floor of the Bulgarian Stock Exchange on Monday.

Total turnover on the BSE's main market amounted to 1.8 million levs ($1.1 million/920,300 euro) on Monday. A total of 724,605 shares in Industrial Holding Bulgaria [BUL:IHB] traded at an average price of 1.5725 levs, contributing nearly 1.2 million levs to the daily turnover.

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, added 0.64% to 127.83 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, went up 0.71% to 624.64 points. Both indexes were positively influenced mainly by a 3.80% rise in the share price of the BSE - the operator of the Sofia bourse, followed by a 3.55% increase in the shares of Stara Planina Hold [BUL:SHP].

Financial and insurance group Eurohold Bulgaria [BUL:EUBG] led decliners among the members of the SOFIX, BGBX40 and BGTR30 on Monday, with the company's shares declining by 3.08%.

Last week, Eurohold said that it aims to acquire the remaining 33% shareholding interest in Sofia-based CEZ Distribution and CEZ Electro it does not already own for a total of 219.2 million levs. Eurohold made the public tender offers to the minority shareholders of the two companies, both of them listed on the Bulgarian Stock Exchange, through its wholly-owned subsidiary Eastern European Electric Company B.V. (EEEC), the direct owner of the units that the holding acquired from Czech energy group CEZ in Bulgaria.

The BGREIT index, which tracks seven real estate investment trusts, edged up 0.08% to 164.35 points, on the back of a 0.37%% increase in the shares of Advance Terrafund REIT [BUL:ATER].

(1 euro = 1.99583 levs)

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