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Sofia bourse indices rise on gains at Bulgarian Real Estate Fund, Fibank

Nov 25, 2022, 5:46:07 PMArticle by Tanya Ivanova
share
November 25 (SeeNews) - All main indices of the Bulgarian Stock Exchange (BSE) closed in green territory on Friday, with the blue-chip SOFIX rising by 0.45% to 595.75 points thanks to gains at Bulgarian Real Estate Fund REIT [BUL:BREF] and First Investment Bank, or Fibank, [BUL:FIB].

Sofia bourse indices rise on gains at Bulgarian Real Estate Fund, Fibank
Photo: Bulgarian Stock Exchange / All rights reserved.

Bulgarian Real Estate Fund gained 4.85% to 2.16 levs, while Fibank climbed by 2.27% to 1.80 levs. In contrast, the top loser in SOFIX, Central Cooperative Bank [BUL:CCB], dropped by 5.88% to 1.60 levs with 6,999 shares traded.

The BGBX40 index, which tracks the bourse's 40 most traded shares, closed 0.31% higher at 136.93 points. The top gainer in the index was Agria Group [BUL:AGH], which jumped by 5.24% to 26.10 levs after it earlier reported a fourfold rise in its consolidated net profit. The index was also supported by Bulgarian Real Estate Fund and Fibank.

Additionally, Agria, Bulgarian Real Estate Fund and Fibank pushed up the BGTR30 index, in which companies with a free float of at least 10% have equal weight. The index went up by 0.35% to 718.22 points.

Meanwhile, the BGREIT index, which tracks seven real estate investment trusts, rose by 1.09% to 181.39 points driven by Bulgarian Real Estate Fund.

Total turnover on the BSE's main market fell to 5.46 million levs ($2.9 million/2.79 million euro) from 8.85 million levs on Thursday.

The top stock by turnover was Agria, which generated 157,879 levs with 6,049 shares traded.

(1 euro = 1.95583 levs)

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