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Sofia bourse indices fall, SOFIX tumbles on losses in CCB, Allterco

Sofia bourse indices fall, SOFIX tumbles on losses in CCB, Allterco Bulgarian Stock Exchange. Image: BSE Facebook page.

SOFIA (Bulgaria), September 23 (SeeNews) - All indices of the Bulgarian Stock Exchange (BSE) finished the four-day trading week in the red, with the blue-chip SOFIX index shrinking further below the 600-mark with a 1.81% drop to 589.13 points, bourse data showed.

Central Cooperative Bank [BUL:CCB] was the top decliner among SOFIX members, after shedding 8.05% of its price. The lender closed at 1.60 levs as 4,300 shares changed hands, as all but one of the SOFIX constituents, Sopharma [BUL:SFA], ended with losses.

IoT maker Allterco [A4L] also marked a decline, losing 6.59% to 17.00 levs with in a trading volume of 4,566.

The losses in CCB and Allterco, together with a 6.09% decline in Eleven Capital [BUL:11C] to 18.50 levs weighed on the BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, and on the BGTR30, under which companies with a free float of at least 10% have equal weight.

The BGBX40 erased 1.22% of its value and ended at 137.23 points, whereas the BGTR30 fell 1.52% to 715.40 points.

The BGREIT, which tracks seven real estate investment trusts, went down 0.72% to 180.45 points, due to a 2.63% drop in Bulgarian Real Estate Fund REIT [BUL:BREF] to 2.22 levs and a decrease of 1.02% in Advance TerraFund REIT [BUL:ATER] to 2.90 levs.

As many as 83 816 shares changed hands in Sopharma Trading [BUL:SFT], making it the most liquid stock on Friday. It generated turnover of 469,370 levs and closed 0.72% higher at 5.60 levs.

Total turnover on the BSE's main market went up to 1.96 million levs ($973,457/1 million euro) on Friday from just over 1.08 million levs on Wednesday. The BSE was closed on Thursday on account of the Independence Day public holiday.

(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