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Sofia stock indices fall as Eurohold Bulgaria shares sink 4.57%

Author Mario Tanev
Sofia stock indices fall as Eurohold Bulgaria shares sink 4.57% Eurohold/All rights reserved.

SOFIA (Bulgaria), August 28 (SeeNews) - Bulgarian Stock Exchange indices closed lower on Wednesday, heavily hit by a 4.57% drop in the share price of financial and insurance group Eurohold Bulgaria [BUL:4EH].

Eurohold Bulgaria's closing price was set by a small deal for 400 shares. The company topped decliners among members of the blue-chip SOFIX index and the equally-weighted BGTR30 index.

The SOFIX index posted a three-day losing streak, falling 1.12% to 566.45 points on Wednesday. The SOFIX has lost 1.73% so far this week.

The BGTR30 index, in which companies with a free float of at least 10% have equal weight, fell 0.53% to 502.36 points.

The wider BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, lost 0.78% to 111.99 points, as Agria Group Holding [BUL:A72] outpaced Eurohold Bulgaria's share price decrease, losing 4.76% to 8.0 levs.

On Monday, Agria Group Holding said that its consolidated net profit dropped to 487,000 levs in the fist half of 2019 from 1.6 million levs in the same period of 2018.

The BGREIT index, which tracks real estate investment trusts, slid 0.20% to 126.70 points. Advance Terrafund REIT's [BUL:6A6] share price fell 0.52% to 1.93 levs, while Bulgarian Real Estate Fund REIT [BUL:5BU] erased 0.50% to 1.99 levs.

Regulated market trading turnover fell to 831,000 levs ($471,000/425,000 euro) on Wednesday from 1.9 million levs on Tuesday

(1 euro = 1.95583 levs)

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