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Sofia bourse snaps losing run as Sopharma, lenders rally

Author Mario Tanev
Sofia bourse snaps losing run as Sopharma, lenders rally Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), February 8 (SeeNews) - Blue-chip lenders and drug maker Sopharma [BUL:3JR] rallied on Friday, leading Bulgarian Stock Exchange indices higher at the end of the session, after two days of losses for the benchmarks.

Sopharma gained most among blue-chips, ending 2.96% higher at 3.48 levs. 

Lenders Central Cooperative Bank (CCB) [BUL:4CF] and First Investment Bank (Fibank) [BUL:5F4] followed, with increases of 2.41% and 2.00%, respectively.

The SOFIX, which tracks the 15 blue chips listed on the BSE, ended 0.74% higher at 575.17 points. Overall, the index dropped 1.5% this week.

The wider BGBX40 and the equally-weighted BGTR30 also ended in green on Friday, as diversified group Doverie United Holding [BUL:5DOV] was the only one to outpace the growth of Sopharma, CCB and Fibank shares.

Doverie United Holding, which is 33.23%-owned by Sopharma, closed 4.27% higher at 1.83 levs.

The BGBX40, which tracks the 40 most capitalised and traded shares, gained 0.59% to 114.51 points, while the BGTR30, in which companies with a free float of at least 10% have equal weight, added 0.39% to 491.82 points.

The BGREIT index, which tracks real estate investment trusts, advanced 0.25% to 120.64 points. The index is currently sitting 0.36% away from the all-time high, which it set in the last trading session for 2018.

Total trading turnover on the BSE regulated market shrank to 106,000 levs ($61,000/54,000 euro) on Friday from 297,000 levs on Thursday.

(1 euro = 1.95583 levs)