March 17 (SeeNews) - All four main indices of the Bulgarian Stock Exchange (BSE) closed in red territory on Friday, with the blue-chip SOFIX declining the most, by 2.85% to 606.59 points, bourse data showed.
SOFIX's weak performance was driven by energy and insurance group Eurohold Bulgaria [BUL:EUBG], which plunged by 14.63% to 1.40 levs, after Romania's financial supervisor revoked its subsidiary Euroins Romania's operating license and decided to file for bankruptcy proceedings.
The blue-chip index was further brought down by hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH], which dropped by 4.55% to 9.45 levs.
Eurohold and M+S Hydraulic also set back 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 BGBX40 finished the session 1.66% lower at 139.99 points, while BGTR30 went down by 0.68% to 722.43 points, both further impacted by a 2.60% slip in Central Cooperative Bank [BUL:CCB] to 1.50 levs.
The BGREIT index, which tracks seven real estate investment trusts, erased 0.85% to 187.18 points, as ROI Property Fund [BUL:RPF] shed 3.07% to 7.90 levs and Advance Terrafund REIT [BUL:ATER] dipped by 2.11% to 3.25 levs. Additionally, Bulgarian Real Estate Fund REIT [BUL:BREF] lost 0.92% to 2.16 levs.
Total turnover on the main market of the Sofia bourse fell to 2.74 million levs ($1.48 million/1.40 million euro) on Friday from 3.07 million levs on Thursday.
The highest turnover of the day was generated by ROI Property Fund, for a total of 705,107 levs with 89,254 shares changing hands.
Earlier on Friday, Romania's financial regulator said that it has withdrawn the operating licence of Euroins Romania and decided to file a court request for the launch of bankruptcy proceedings. In response, Eurohold Bulgaria said that it will challenge the supervisor's decision in all competent courts in Europe and around the world, noting that its other subsidiaries and businesses are stable and continue to operate as usual.
(1 euro = 1.95583 levs)
Central Cooperative Bank AD is among the biggest banks in SEE, for more reference take a look at Top 100 banks