Sofia bourse indices close mixed amid rising turnover

Telelink lost 2.38% to 12.30 levs, while Central Cooperative Bank declined by 1.33% to 1.48 levs.

In contrast, BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, climbed by 0.39% to 134.72 points thanks to strong gains in express delivery company Speedy [BUL:SPDY], diversified group Zarneni Hrani Bulgaria [BUL:ZHGB] and farming firm Agria Group Holding [BUL:AGH]. Speedy jumped by 5.83% to 109 levs, while Zarneni Hrani rose 5.63% to 0.17 levs with 4.210 shares traded. Agria also showed a strong gain of 5.11% to 24.70 levs.

Agria pushed up the BGTR30 index, under which companies with a free float of at least 10% have equal weight, as well. Additionally, the index was also supported by diversified group Stara Planina Hold [BUL:SPH], which rose by 3.61% to 8.60 levs after it reported solid year-on-year growth in its sales in the first nine months of 2022. Overall, BGTR30 closed 0.25% higher at 702.7 points.

However, the BGREIT index, which tracks seven real estate investment trusts, slipped by 0.37% to 177.34 points. The top loser in the index was Bulgarian Real Estate Fund REIT [BUL:BREF], which decreased by 0.99% to 2 levs. The only other loser was Balkan and Sea Properties REIT [BUL:BSP], falling by 0.94% to 21 levs.

Total turnover on the BSE's main market increased to 563,700 levs ($282,500/288,200 euro) from 341,180 levs on Thursday.

The most liquid stock on the day was Balkan and Sea Properties, which generated turnover of 149,940 levs with 7,140 shares traded.

(1 euro = 1.95583 levs)