Sofia stock market indices end flat amid losses in M+S Hydraulic, Petrol

SOFIA (Bulgaria), July 4 (SeeNews) – Two of the four main indices of the Bulgarian Stock Exchange (BSE) started the trading week with declines, with blue-chip SOFIX index shedding 0.12% to 609.24 points on Monday.

M+S hydraulics [BUL:MSH] set the tone for blue chip decliners, falling 5.41% to 8.75 levs, followed by Central Cooperative Bank [BUL:CCB] which, with 5,200 shares traded, fell 1.16% to 1.70 leva, stock market data showed.

Gas station dealer Petrol [BUL:PET] fell 35.89% to 0.15 levs before a government subsidy of 0.25 levs per liter on the retail price of motor fuel came into effect this week.

The loss in gasoline and a 10.00% decline in oil and gas exploration and production [BUL:NGAZ] to 6.75 leva led the BGBX40, which tracks the 40 most traded stocks on the Sofia Stock Exchange, to fall 0.31% to 142.90 points.

For its part, the BGTR30 rose 0.21% to 737.28 points, supported by a 5.07% gain in poultry producer Gradus [BUL:GR6] to 1.45 levs and a 4.44% increase in Eleven Capital [BUL:11C] to 18.80 levs. Eleven Capital was also the most liquid stock on the day with 8,000 shares bought and sold, generating over 26% of Monday’s sales.

BGREIT, which tracks seven real estate investment trusts, posted the highest rise on Monday, rising 1.60% to 183.16 points as Balkan and Sea Properties REIT [BUL:BSP] increased by 3.77% to 22.0 levs.

Total sales on BSE’s main market collapsed on Monday to 571,616 leva ($304,640) from 1.49 million leva on Friday.

(1 euro = 1.95583 levs)

The Central Cooperative Bank AD is one of the largest banks in Southeastern Europe. For more information, see Top 100 Banks

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