Sofia stock indexes close mixed amid sharp decline in sales

SOFIA (Bulgaria), October 20 (SeeNews) – Two of the four main indexes of the Bulgarian Stock Exchange (BSE) closed lower on Thursday, despite blue-chip SOFIX rising 0.05% to 579.85 points green area scratched.

Losses at diversified group Doverie United Holding [BUL:DUH] and Eurohold Bulgaria [BUL:EUGB] were offset by a 3.04% increase in Allterco [BUL:A4L] to 16.95 levs.

Doverie fell 3.15% to 6.76 leva on a trading volume of 4,100 shares, while energy and insurance group Eurohold fell 0.99% to 2.00 leva.

The Doverie loss coupled with a 6.36% slump in courier company Speedy [BUL:SPDY] to 103.00 levs, kept the BGBX40 index, which tracks the 40 most traded stocks on the Sofia Stock Exchange, in the red. The BGBX40 fell 0.04% to 134.20 points, further impacted by a 2.03% loss in battery maker Monbat to 4.82 levs.

In contrast, the BGTR30 index, under which companies with a free float of at least 10% are equally weighted, was up 0.18% at 700.98 points despite losses at Doverie, Monbat and Eurohold. The biggest BGTR30 winner was Allterco, followed by Industrial Holding Bulgaria [BUL:IHB] which rose by 2.86% to 1.80 leva.

The BGREIT index, which tracks seven property funds, was the other index to fall on Thursday, albeit just 0.03% to 177.99 points. The loss in the index was driven by a 0.51% decline in Intercapital Property Development REIT [BUL:ICPD] to 0.985 lev with a trading volume of 4,000.

Total sales in BSE’s main market fell to 341,180 levs ($170,795) after rising to 4.62 million levs on Wednesday.

The most liquid stock of the day was SeverCoop Gamza Holding [BUL:GAMZ] with 47,000 shares that changed hands for a turnover of 150,400 leva. SeverCoop Gamza closed flat at 3.20 lev.

(1 euro = 1.95583 levs)

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