June 25 (SeeNews) - Bulgarian Stock Exchange indices closed lower on Tuesday, dragged down by a 2.91% drop in the share price of lender First Investment Bank (Fibank) [BUL:5F4].
Fibank shares closed at 3.34 levs apiece, erasing part of their 4.88% rise on Monday.
The blue-chip SOFIX index closed 0.82% lower at 575.34 points, as other major decliners included Advance Terrafund REIT [BUL:6A6] and Industrial Holding Bulgaria [BUL:4ID], which lost 2.63% and 1.96%, respectively.
The wider BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, erased 0.55% to 114.79 points, while the BGTR30, in which companies with a free float of at least 10% have equal weight, dropped 0.31% to 505.07 points.
Both indices were hit by a decrease in the share price of Eurohold Bulgaria [BUL:4EH] and CEZ Distribution Bulgaria [BUL:3CZ]. Eurohold shares fell 1.55%, while CEZ Distribution slipped 1.67%.
On June 21, Eurohold announced that it has signed an agreement to acquire the assets of CEZ in Bulgaria, including CEZ Distribution, for 335 million euro. Eurohold shares gained 3.21% on June 21, while the two stock exchange-traded CEZ Bulgarian units - CEZ Distribution Bulgaria and CEZ Electro Bulgaria [BUL:1CZ] gained 7.14% and 4.42%, respectively. All three companies closed Monday's trading session without changes in their share prices.
The BGREIT index, which tracks real estate investment trusts, fell 0.33% to 123.34 points, sunk down by the drop in Advance Terrafund REIT's share price.
Total regulated market turnover amounted to some 200,000 levs ($117,000/102,000 euro) on Tuesday
(1 euro = 1.95583 levs)