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Sofia bourse indices close lower, Monbat shares lose 6.40%

Sofia bourse indices close lower, Monbat shares lose 6.40% Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), January 12 (SeeNews) - The share indices of the Bulgarian Stock Exchange (BSE) closed lower on Wednesday, dragged down by a 6.40% drop in battery manufacturer Monbat [BUL:MONB], bourse data showed.

As many as 10,132 shares in Monbat changed hands at an average price of 5.8929 levs on the Sofia bourse on Wednesday.

The drop in Monbat's share price also drove lower the blue-chip SOFIX index, the BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, and the BGTR30 index, in which companies with a free float of at least 10% have equal weight.

The SOFIX fell 0.56% to 647.06 points, the BGBX40 lost 0.66% to 144.93 points, while the BGTR30 went down 0.63% to 694.76 points.

Total turnover on the BSE's main market declined to 1.15 million levs ($671,400/588,000 euro) from 1.7 million levs on Tuesday.

The most traded company on Wednesday was Premier Fund REIT [BUL:PREM]. A total of 32,500 shares in the REIT changed hands 0.87% higher at an average price of 11.60 levs, contributing 377,000 levs of the turnover for the day.

The BGREIT index, which tracks seven real estate investment trusts, closed 0.20% lower at 161.80 points, due to a 0.97% drop in the share price of Bulgarian Real Estate Fund REIT [BUL:ATER].

(1 euro = 1.95583 levs)

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