You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Sofia bourse indices decline, trade in Sopharma shares boosts turnover

Sofia bourse indices decline, trade in Sopharma shares boosts turnover Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 3 (SeeNews) - All indices of the Bulgarian Stock Exchange (BSE) ended on negative territory on Friday, as turnover soared, bourse data showed.

Total turnover on the BSE's main market jumped to 2.8 million levs ($1.7 million/1.4 million euro) on Friday from some 625,000 levs on Thursday.

The most traded company was drug manufacturer Sopharma [BUL:SFA]. A total of 275,546 shares in the company changed hands 1.10% higher at an average price of 3.6619 levs, contributing over 1 million levs to the daily trading turnover. On Thursday, Sopharma said that it intends to buy back up to 250,000 of its own shares on September 3.

The blue-chip SOFIX index of the Sofia bourse dropped by 0.37% to 560.71 points, dragged down by a 4.35% decline in the share price of Bulgarian Real Estate Fund REIT [BUL:BREF] and a 3.70% decrease in the shares of Central Cooperative Bank (CCB) [BUL:CCB].

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, went down 0.24% to 128.13 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, lost 0.36% to 629.24 points. Both indexes were negatively influenced by the drop in Bulgarian Real Estate Fund REIT and CCB.

Bulgarian Real Estate Fund's loss also weighed on the BGREIT index, which tracks seven real estate investment trusts. The index erased 1.43% to 161.39 points.

(1 euro = 1.95583 levs)