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Trade in 235 Holdings forms 69% of Sofia bourse turnover, SOFIX adds 0.2%

Trade in 235 Holdings forms 69% of Sofia bourse turnover, SOFIX adds 0.2% hxdbzxy/Shutterstock.com

SOFIA (Bulgaria), August 9 (SeeNews) - Two deals for a total of 143,500 shares in Sofia-based 235 Holdings [BUL:94G] formed 69% of the daily regulated market turnover on the Bulgarian Stock Exchange (BSE) on Thursday, bourse data shows.

235 Holdings ended the trading session 10.94% higher at 7.1 levs, as trade in the company's shares generated a turnover of 1 million levs ($591,750/511,290 euro).

One of the deals, for 3,500 shares, was priced at 6.4 levs apiece, while the other 140,000 shares, equal to a 2.74% stake in the company, changed hands at 7.1 levs apiece.

235 Holdings' share price has jumped sevenfold since it was admitted to trading on the Sofia bourse on July 5 with an indicative reference price for the first trading session of 1 levs per share.

Total trading turnover on the Sofia bourse regulated market increased to 1.47 million levs on Thursday from 1.06 million levs on Wednesday.

The blue-chip SOFIX index closed the session 0.20% higher at 641.76 points, as the shares of diversified group Doverie United Holding [BUL:5DOV] rose 3.15% to 1.8 levs.

On Wednesday, Doverie United Holding said its unit Doverie Capital has acquired an additional 45% stake in DIY stores operator Doverie Brico, boosting its interest in the company to 99.93%.

Eurohold Bulgaria fell the most among blue chips, closing 1.20% lower at 1.64 levs. Earlier on Thursday, the group announced that its consolidated net profit edged down to 1.9 million levs in the first half of 2018 from 2.0 million levs in the corresponding period of 2017, following a 7% drop in revenue.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, rose 0.21% to 123.70 points, backed by a 10.24% growth in the share price of Oil and Gas Exploration and Production [BUL:4O1], which ended the session at 7.0 levs.

The BG-REIT index, which tracks the performance of real estate investment trusts (REITs), fell 0.19% to 115.74 points, due to a 0.96% decrease in the share price of Advance Terrafund REIT [BUL:6A6] to 2.07 levs.

The only other BG-REIT component, which traded during the session on Thursday, was Bulgarian Real Estate Fund [BUL:5BU], which closed unchanged from its previous closing price of 1.9 levs.

The BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, added 0.27% to 531.38 points.

(1 euro = 1.95583 levs)

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