You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Sofia bourse's blue-chip index falls, Sopharma sheds 5.45%

Sofia bourse's blue-chip index falls, Sopharma sheds 5.45%

SOFIA (Bulgaria), October 20 (SeeNews) - The blue-chip SOFIX index of the Bulgarian Stock Exchange (BSE) fell by 1.47% to 572.66 points on Wednesday, dragged down by a 5.45% decline in the shares of drug maker Sopharma [BUL:SFA], bourse data showed.

Sopharma's share price was on the rise for two straight trading sessions on the BSE since the start of the week. The company's shares rose 2.63% on Monday and added a further 3.59% on Tuesday.

A total of 10,159 Sopharma shares changed hands at an average price of 3.8208 levs on Wednesday.

Sopharma's loss also affected negatively the BGBX40 index, which tracks the 40 most traded shares on the BSE, and the BGTR30 index in which companies with a free float of at least 10% have equal weight. The BGBX40 went down 0.92% to 133.32 points, while the BGTR30 decreased by 0.40% to 650.20 points.

The BGREIT index, which tracks seven real estate investment trusts, closed Wednesday's trading session unchanged at 160.57 points.

Total turnover on the bourse's main market increased to 1.5 million levs ($893,200/766,900 euro) on Wednesday from 482,169 levs on Tuesday.

Holding Varna [BUL:HVAR] generated 833,500 levs of Wednesday's turnover as a total of 20,035 of the company's shares traded at an average price of 41.6003 levs.

(1 euro = 1.95583 levs)