Sofia stock indices end mixed, turnover soars on Galata trades

SOFIX was brought down by First Investment Bank, or Fibank, [BUL:FIB], which dropped by 6.67% to 2.52 levs, and diversified group Doverie United Holding [BUL:DUH], which shed 2.91% to 8.68 levs.

Fibank and Doverie 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. Both indices were additionally constrained by a 5.84% dip in poultry producer Gradus [BUL:GR6] to 1.45 levs.

Overall, the BGBX40 declined by 0.27% to 165.10 points, whereas the BGTR30 slipped by 0.39% to 816.41 points.

Meanwhile, the BGREIT index, which tracks seven real estate investment trusts, grew by 0.34% to 191.61 points. It was buoyed by a 0.89% rise in Advance Terrafund REIT [BUL:ATER] to 3.40 levs and a 0.78% climb in Bulgarian Real Estate Fund REIT [BUL:BREF] to 2.58 levs.

The BEAMX, which tracks the ten most highly capitalised growth companies, advanced by 0.34% to 98.15 points on the back of a 2.44% increase in cargo drone developer Dronamics' special purpose vehicle Dronamics Capital [BUL:DRON] to 2.52 levs.

Varna-based Galata Investment Company [BUL:GTH] generated the highest turnover of the day, at 6.49 million levs ($3.56 million/3.32 million euro) after some 2.52 million shares traded. The stock closed 0.78% higher at 2.58 levs.

Total turnover on the main market of the BSE soared to 14.14 million levs on Friday from 874,902 levs on Thursday.

(1 euro = 1.95583 levs)