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Sofia stock indices end flattish, Eurohold leads blue-chip decliners

Author Mario Tanev
Sofia stock indices end flattish, Eurohold leads blue-chip decliners Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 12 (SeeNews) - Bulgarian Stock Exchange indices saw little change on Thursday, as the blue-chip SOFIX index edged down 0.04% to 578.01 points.

Financial and insurance group Eurohold Bulgaria [BUL:4EH], which is the fourth largest blue chip by market capitalisation, led decliners among members of the cap-weighted SOFIX with a 2.60% decrease.

The other major decliners among SOFIX components were Doverie United Holding [BUL:5DOV] and Chimimport [BUL:6C4], which saw their share prices decline 1.18% and 0.59%, respectively.

The top gainer among blue chips was industrial group Stara Planina Hold [BUL:5SR], which gained 2.94% to 5.25 levs on Thursday, bouncing back from a 1.92% decrease in the preceding trading session.

Stara Planina Hold was also the most traded stock on Thursday, as deals in its shares generated a turnover of some 913,000 levs. The total daily regulated market turnover amounted to 1.1 million levs.

After the Sofia bourse end bell on Tuesday, the stock exchange operator announced that Stara Planina Hold and its affiliate M+S Hydraulic [BUL:5MH] will drop out of the SOFIX as of September 24, and will be replaced by resort operator Albena [BUL:6AB] and car battery maker Monbat [BUL:5MB].

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, dipped 0.03% to 113.55 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, added 0.03% to 508.67 points.

The BGREIT index, which tracks the performance of real estate investment trusts, closed 0.10% higher at 126.77 points, backed by a 0.50% rise in the share price of Bulgarian Real Estate Fund REIT [BUL:5BU].

(1 euro = 1.95583 levs)