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Sofia stock indices fall as M+S Hydraulic shares plunge 10.95%

Sofia stock indices fall as M+S Hydraulic shares plunge 10.95% Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 20 (SeeNews) - Bulgarian Stock Exchange ended the week on a lower note dragged down by a 10.95% decrease in the share price of local hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH], bourse data showed on Friday. 

The blue-chip SOFIX index closed the session 1.09% lower at 572.86 points. Apart from M+S Hydraulic, diversified group Industrial Holding Bulgaria [BUL:4ID] and CB First Investment Bank [BUL:5F4] contributed to the index's drop as they lost 2.86% and 2.44%, respectively.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, lost 0.52% to 112.63 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, dropped by 0.48% to 503.84 points.

M+S Hydraulic, an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR], said earlier on Friday that it booked sales of 7.47 million levs ($4.22 million/3.82 million euro) in August, in line with its forecast for sales of 7.46 million levs during the month and expects to generate a further 9.11 million levs in sales in September.

The BGREIT index, which tracks real estate investment trusts, closed 0.26% lower at 126.61 points due to a 1.29% fall in the share price of Advance Terrafund REIT [BUL:6A6] which erased its gain from the previous trading session.

Total regulated market trading turnover rose to 2.6 million levs on Friday from 2.4 million levs on Thursday.

(1 euro = 1.95583 levs)