Fibank and Doverie drive down Sofia Stock Exchange blue chip index, turnover almost doubles

SOFIA (Bulgaria), June 6 (SeeNews) – The four main indices of the Bulgarian Stock Exchange (BSE) closed weakly on Monday due to the gains of Industrial Holding Bulgaria [BUL:IHB] and losses of prime members of SOFIX First Investment Bank, or FIbank, [BUL:FIB] and Doverie United Holding [BUL:DUH]stock market data showed.

SOFIX fell 0.20% to 614.45 points, despite a 15.84% jump in Industrial Holding Bulgaria to 2.34 levs in trading volume of 14,450 shares.

The BGBX40 index, which tracks the 40 most traded stocks on the Sofia stock exchange, also ended in red territory, after falling 0.06% to 143.69 points despite a 9.34% gain from cable company EMKA . [BUL: EMKA] at 3.98 levs.

The BGTR30, under which companies with a free float of at least 10% are given equal weight, added 0.19% to 736.37 points, supported by a 5.5% gain in the Bulgarian property fund [BUL:BREF] at 2.30 levs and a rise of 2.94% from Elana Agrocredit [BUL:EAC] at 1.05 levs.

The performance of the Bulgarian Real Estate Fund also helped keep the BGREIT index, which tracks seven REITs, in green territory on Monday, with a gain of 0.91% to 182.13 points.

The newest addition to the Sofia Stock Exchange – the investment platform Webit Investment Network, or WIN, based in Bulgaria, [BUL:WIN1]closed at 1.05 levs on its debut after raising 5.8 million levs ($3.2 million/€3 million) in an oversubscribed initial public offering (IPO) on the growth market SME BEAM.

Total turnover on the main market of the Sofia Stock Exchange amounted to more than 3.2 million levs compared to some 1.77 million levs on Friday.

(1 euro = 1.95583 levs)

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