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Sofia stock indices close higher as Trace Group Hold rally continues

Author Mario Tanev
Sofia stock indices close higher as Trace Group Hold rally continues Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), March 14 (SeeNews) - Bulgarian Stock Exchange indices ended higher on Thursday, largely due to a 5.47% rise in the share price of construction company Trace Group Hold [BUL:T57].

Trace Group Hold gained most among BSE-listed companies on Thursday, marking their third consecutive winning session. However, the company's shares closed at 2.7 levs on Thursday, which is still 4.93% down year-to-date.

The other major gainer was resort operator Albena [BUL:6AB], which added 3.94% to 42.2 levs.

Both Trace Group Hold and Albena are members of the SOFIX, BGBX40 and BGTR30 indices.

The SOFIX, which follows the 15 BSE blue chips, rose 0.13% to 579.70 points.

The BGBX40, which tracks the 40 most traded shares on the Sofia bourse, gained 0.10% to 115.25 points.

The BGTR30, in which companies with a free float of at least 10% have equal weight, rose 0.21% to 501.30 points.

The BGREIT index, which tracks real estate investment trusts, closed unchanged at 120.39 points. A 0.53% rise in the share price of Bulgarian Real Estate Fund REIT [BUL:5BU] was offset by a 0.52% drop in Advance Terrafund REIT [BUL:6A6] shares.

Total trading turnover on the BSE regulated market fell to 453,000 levs ($262,000/232,000 euro) on Thursday from 2.95 million levs on Wednesday.

(1 euro = 1.95583 levs)