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Sofia bourse indices close mixed, Fibank paces blue-chip decliners

Sofia bourse indices close mixed, Fibank paces blue-chip decliners Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), August 9 (SeeNews) - Two of the four main indices of the Bulgarian Stock Exchange (BSE) closed in decline on Tuesday, but the blue-chip SOFIX gained 0.42% to 610.45 points, bourse data showed.

An 8.18% slip in the share price of First Investment Bank, or Fibank, [BUL:FIB] to 2.02 levs was offset by gains of 2.18% in Eurohold Bulgaria [BUL:EUBG] and of 2.88% in Monbat [BUL:MONB], thus keeping the SOFIX in green territory.

By contrast, the BGBX40 index, which tracks the BSE's 40 most traded shares, finished 0.31% lower at 140.99 points, mostly dragged down by an 11.83% tumble in diversified group Stara Planina Hold [BUL:SPH] to 8.20 levs.

The feeble performances of Fibank and Stara Planina Hold also contributed to a 0.33% retreat in the BGTR30 index, in which companies with a free float of at least 10% have equal weight. The BGTR30 closed at 733.76 points.

The BGREIT index, which tracks seven real estate investment trusts, was the other one to show improvement on Tuesday, inching up 0.04% to 185.17 points. This was chiefly thanks to a 0.82% increase in Bulgarian Real Estate Fund REIT [BUL:BREF] to 2.46 levs.

The most traded stock on Tuesday was municipal heating company Toplofikatsia-Ruse [BUL:TPLR]. A total of 150,000 shares in the company changed hands in a block trade, contributing about a third of the daily turnover, or 516,000 levs.

Total turnover on the BSE's main market increased to 1.55 million levs ($810,130/792,500 euro) on Tuesday from 1.26 million levs on Monday.

(1 euro = 1.95583 levs)

First Investment Bank AD is among the biggest banks in SEE, for more reference take a look at Top 100 banks