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Sofia bourse indices mostly fall, Sopharma drives blue-chip gains

May 28, 2024, 6:37:27 PMArticle by Mihaela Miteva
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May 28 (SeeNews) - Three of the five indices of the Bulgarian Stock Exchange (BSE) lost ground on Tuesday, whereas the blue-chip SOFIX rose 0.04% to 866.82 points, bourse data showed.

Sofia bourse indices mostly fall, Sopharma drives blue-chip gains
Photo: Sopharma Business Towers

The benchmark index was buoyed by pharmaceuticals producer Sopharma [BUL:SFA], which grew by 2.66% to 6.18 levs, and diversified group Doverie United Holding [BUL:DUH], which went up 1.12% to 9.04 levs.

The BEAMX index, which tracks the ten most highly capitalised growth companies, leapt 0.98% to 97.70 points, following an 11.21% surge in biometric identification security systems developer Biodit [BUL:BDT] to 1.19 levs.

In contrast, the BGBX40, which tracks the 40 most traded shares on the Sofia bourse, inched down 0.01% to 172.53 points. The index was held back by diversified group Synergon Holding [BUL:SNRG], which dropped 7.69% to 1.20 levs, and First Investment Bank, or Fibank, [BUL:FIB], which shed 3.96% to 4.36 levs.

Fibank was also the biggest decliner in the BGTR30. The index, in which companies with a free float of at least 10% have equal weight, erased 0.33% to 854.34 points.

The BGREIT index, which tracks seven real estate investment trusts, ended the session 0.18% lower at 190.59 points. It was impacted by a 0.89% slip in Advance Terrafund REIT [BUL:ATER] to 3.35 levs.

Total turnover on the main market of the Sofia bourse fell to 507,852 levs ($282,562/259,660 euro) on Tuesday from 636,221 levs on Monday.

The day's highest turnover, at 199,000 levs, was generated by diversified group Republic Holding [BUL:HREP] after 100,000 shares changed hands. The stock closed flat at 1.99 levs.

(1 euro = 1.95583 levs)

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