August 29 (SeeNews) - Shares in Bulgarian fuel retailer Petrol [BUL:5PET] gained 33.33% to 1.2 levs on the Bulgarian Stock Exchange on Wednesday, as earlier during the day the company announced a significant improvement in its first-half consolidated financial results.
Petrol turned to a consolidated net profit of 55.2 million levs ($32.9 million/28.2 million euro) in the first half of the year from a net loss to 8 million levs in the same period of 2017, as it sold its unit Elit Petrol during the review period.
Total trading turnover on the regulated market of the bourse rose from 635,750 levs on Tuesday to 1.72 million levs on Wednesday. of which 58% was formed by a single deal for a 2.23% stake in real estate investment company 235 Holdings [BUL:94G].
A total of 113,800 shares in the company changed hands in a block deal priced at 8.8 levs per share, 23.94% above 235 Holding's previous closing price.
The blue-chip SOFIX index, which tracks the 15 most liquid and capitalised stocks on the BSE, edged down 0.02% to 630.41 points.
Resort operator Albena [BUL:6AB] fell the most among SOFIX constituents, closing 3.74% lower at 51.5 levs, as the company announced during the trading session that its first-half consolidated net loss has widened to 20.2 million levs from 11.3 million levs in the first six months of 2017.
Lender First Investment Bank gained most among Sofia bourse blue chips, ending the session 3.06% higher at 4.04 levs.
The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, fell 0.14% to 121.80 points, following a 7.83% in the share price of diversifiend group Synergon Holding [BUL:6S7].
Synergon Holding shares closed at 1.06 levs, erasing their 5.5% rise in the previous trading session.
The BGREIT index, which tracks the performance of real estate investment trusts, edged down 0.01% to 116.77 points.
A 0.49% rise in the share price of Advance Terrafund REIT [BUL:6A6] was offset by a 0.51% decline of shares in Bulgarian Real Estate Fund REIT [BUL:5BU1].
The BG TotalReturn30 index, in which companies with a free float of at least 10% have equal weight, decreased 0.35% to 520.19 points on Wednesday, dragged down by the decline in share price of Synergon Holding and Albena.
(1 euro = 1.95583 levs)
First Investment Bank AD is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here