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Sofia bourse indices slip amid brisk trade

Sofia bourse indices slip amid brisk trade

SOFIA (Bulgaria), July 1 (SeeNews) - All main indices of the Bulgarian Stock Exchange (BSE) finished the trading week in the red, with the blue-chip SOFIX index dropping 0.53% to 609.99 points, as Bulgaria's president mandated the centre-right We Continue the Change (WCC) party to put together a new cabinet following the governing coalition's loss of a no-confidence vote last week.

Allterco [BUL:A4L] paced the blue-chip decliners, which included Bulgarian Real Estate Fund REIT [BUL:BREF] with a 1.72% fall to 2.28 levs.

Allterco closed 2.4% lower at 18.30 levs in a trading volume of 950 shares.

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, declined by 0.55% to 143.34 points, on the back of a 7.38% tumble in poultry producer Gradus [BUL:GR6] to 1.38 levs and a 5.67% drop in civil engineering contractor Trace Group Hold [BUL:T57] to 3.70 levs.

BGREIT, which tracks seven real estate investment trusts, lost 0.61% to 180.27 points. The negative result was due to the decline in Bulgarian Real Estate Fund REIT as well as a 1.37% fall in Advance Terrafund REIT [BUL:ATER] to 2.88 levs.

The BGTR30, in which companies with a free float of at least 10% have equal weight, retreated the most, by 0.70% to 735.71 points, as the loss in Gradus was compounded by a 6.00% slip in Synthetica [BUL:SYN] to 47.0 levs. The holding company was also the most liquid stock on Friday, generating the bulk of the turnover or some 5.18 million levs ($2.7 million/2.6 million euro) with 110,195 shares traded.

Total turnover on the BSE's main market jumped to roughly 5.6 billion levs ($ million/ euro) on Friday from 1.17 million levs on Thursday.

(1 euro = 1.95583 levs)

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