June 6 (SeeNews) - The main Bulgarian stock indices on Tuesday reversed the previous day's strong gains, with three of the four indices losing ground as the Bulgarian parliament approved the country's first regular government in ten months.
The benchmark SOFIX index retreated the most, by 0.50% to 680.23 points, bourse data showed.
Only two of its constituents notched gains, as First Investment Bank [BUL:FIB] climbed 0.95% to 2.12 levs and Bulgarian Stock Exchange [BUL:BSE] inched up 0.22% to 9.22 levs.
IoT products maker Allterco [BUL:A4L], on the other hand, was the SOFIX member to lose the most, down by 2.86% to 27.20 levs.
IT services provider Telelink Business Services Group, or TBS Group, [BUL:TBS], continued to be the top stock by turnover and rose 4.26% to 9.80 levs. It generated some 2.77 million levs ($1.5 million/1.4 million euro) with 282,380 shares traded.
Nevertheless, TBS Group's rise was not sufficient to keep the BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, in green territory. The BGBX40 erased 0.46% to 150.02 points. The loss was chiefly driven by a 9.55% slump in Bulgarian River Shipping [BUL:BRP] to 0.805 levs.
Constrained by Allterco and a 1.90% slip in Eleven Capital [BUL:11C], the BGTR30, in which companies with a free float of at least 10% have equal weight, ticked down 0.18% to 755.55 points.
The BGREIT index, which tracks seven real estate investment trusts, was the only index to finish the trading session unchanged, at 190.43 points, with only Advance Terrafund [BUL:ATER] registering any trades. The company closed flat at 3.30 levs.
Turnover on the main market of the Sofia bourse slid to some 2.95 million levs on Tuesday from the high volume of 29.7 million levs registered a day earlier.
(1 euro = 1.95583 levs)
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