Sofia share indices reverse gains, Fibank paces decliners

A 6.87% tumble in First Investment Bank, or Fibank, [BUL:FIB] to 4.34 levs and a 2.63% fall in diversified group Doverie United Holding [BUL:DUH] to 8.90 levs brought down the benchmark index.

The two companies further pressed 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. Both indices were additionally held back by diversified group Stara Planina Hold [BUL:SPH], which slid 6.36% to 10.30 levs.

Overall, the BGBX40 index ended the session 0.52% lower at 169.28 points, while the BGTR30 erased 0.57% to 848.40 points.

The BEAMX index, which tracks the ten most highly capitalised growth companies, slumped 1.28% to 96.68 points after a 10.73% drop in electric vehicle manufacturer Sin Cars Industry [BUL:SIN] to 0.366 levs.

In contrast, the BGREIT index, which tracks seven real estate investment trusts, grew by 0.17% to 191.05 points on the back of a 0.66% climb in Super Borovets Property Fund REIT [BUL:SBPF] to 3.04 levs.

Total turnover on the main market of the BSE went up to some 1.94 million levs ($1.07 million/991,903 euro) on Wednesday from 1.02 million levs a day earlier.

Investment company Elea Capital Holding [BUL:RDNA] was the most liquid stock of the day, generating 1.02 million levs with 36,600 shares traded. The company closed 3.70% higher at 28.00 levs.

(1 euro = 1.95583 levs)