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

Sofia bourse's SOFIX index closes lower, NIF Dynamic boosts turnover

Sofia bourse's SOFIX index closes lower, NIF Dynamic boosts turnover Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), November 11 (SeeNews) - The blue-chip SOFIX index of the Bulgarian Stock Exchange (BSE) closed 0.14% lower at 602.87 points on Thursday, mainly dragged down by a 1.69% drop in the share price of battery manufacturer Monbat [BUL:MONB], bourse data showed.

As many as 2,188 shares of Monbat traded at an average price of 5.8034 levs on the BSE on Thursday.

Total turnover on the Sofia bourse's main market rose sharply to 2.8 million levs ($1.6 million/1.4 million euro) on Thursday from 513,300 levs on Wednesday.

The most traded company on Thursday was National Investment Fund Dynamic [BUL:DYN]. A total of 65,350 shares in the fund traded at an average price of 10.2000 levs, generating nearly 666,600 levs of the turnover for the day.

A 4.76% rise in the shares of fertiliser producer Neochim [BUL:NEOH] helped the BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, and the BGTR30 index, in which companies with a free float of at least 10% have equal weight, close higher on Thursday. The BGBX40 edged up 0.03% to 137.92 points, while the BGTR30 went up by 0.16% to 663.51 points.

The BGREIT index, which tracks seven real estate investment trusts, closed 0.21% higher at 165.02 points due to a 1.02% increase in the shares of Balkan and Sea Properties REIT [BUL:BSP].

Turnover on the Sofia bourse's small and medium-sized enterprise (SME) growth market BEAM amounted to 5.9 million levs on Thursday.

Earlier on Thursday, the BSE said that the initial public offering (IPO) of Sofia-based producer and distributor of organic products Smart Organic on the BEAM market was oversubscribed nearly two times. Smart Organic raised close to 6 million levs in the IPO, the BSE added.

(1 euro = 1.95583 levs)