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Sofia share indices end lower, turnover grows on Sopharma trades

Jun 7, 2024, 5:39:54 PMArticle by Mihaela Miteva
share
June 7 (SeeNews) - Most indices of the Bulgarian Stock Exchange (BSE) retreated on Friday, with the blue-chip SOFIX slipping 0.35% to 862.00 points, bourse data showed.

Sofia share indices end lower, turnover grows on Sopharma trades
Image source: Sopharma

SOFIX was driven down by farming group Agria Group Holding [BUL:AGH], which tumbled 4.29% to 20.10 levs, and hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH], which lost 2.78% to 10.50 levs.

The two companies also held back the BGBX40, which tracks the 40 most traded shares on the Sofia bourse, and the BGTR30, in which companies with a free float of at least 10% have equal weight. The biggest decliner in both indices, however, was real estate investment trust Sopharma Buildings REIT [BUL:SFB], which plunged 25.00% to 12.30 levs.

Overall, the BGBX40 index fell by 0.29% to 170.59 points, while the BGTR30 sank 0.97% to 852.97 points.

The BGREIT, which tracks seven real estate investment trusts, slumped 1.57% to 188.24 points due to the loss in Sopharma Buildings.

Meanwhile, the BEAMX, which tracks the ten most highly capitalised growth companies, went up 0.24% to 102.35 points. The index was mostly buoyed by a 2.87% gain in venture capital firm Webit Investment Network [BUL:WIN] to 0.895 levs.

Total turnover on the main market of the Sofia bourse jumped to roughly 1.46 million levs ($811,058/746,483 euro) on Friday from 938,047 levs on Thursday.

Half of the day's turnover, or 726,644 levs, was generated by pharmaceuticals maker Sopharma [BUL:SFA] after 117,580 shares changed hands. The stock closed 0.32% lower at 6.18 levs.

(1 euro = 1.95583 levs)

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