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Sofia bourse indices mostly fall, Eurohold Bulgaria paces decliners

Sofia bourse indices mostly fall, Eurohold Bulgaria paces decliners Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), August 2 (SeeNews) - Three of the four main share indices of the Bulgarian Stock Exchange (BSE) declined on Tuesday, chiefly dragged down by a 6.19% slide in energy and insurance group Eurohold Bulgaria [BUL:EUBG], bourse data showed.

After starting the trading week in green territory, the blue-chip SOFIX index went down by 0.92%, dropping below the 600-point mark to 596.54 points.

As many as 1,000 Eurohold shares changed hands at an average price of 1.97 levs, after the company announced late on Monday that its first-half standalone net loss nearly doubled on the year to 24.1 million levs ($12.6 million/12.3 million euro).

The decline in Eurohold also pushed down the BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, as well as the BGTR30 index, in which companies with a free float of at least 10% have equal weight.

Car battery maker Monbat [BUL:MONB], on the other hand, was the top gainer amid the constituents of all three above indices. Monbat advanced 8.00% to 5.410 levs in a trading volume of 1,123 shares.

The BGREIT index, which tracks seven real estate investment trusts, was the only one to finish in positive territory on Tuesday, ticking up 0.21% to 184.79 points due to a 1.68% rise in Bulgarian Real Estate Fund REIT [BUL:BREF] to 2.42 levs.

Total turnover on the BSE's main market amounted to just 308,133 levs on Tuesday, with just over a quarter of it made up of trades in blue-chip stocks.

(1 euro = 195583 levs)