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Sofia bourse benchmark sinks further as drop in profit drags Albena shares down

Author Mario Tanev
Sofia bourse benchmark sinks further as drop in profit drags Albena shares down hxdbzxy/

SOFIA (Bulgaria), October 31 (SeeNews) - The blue-chip SOFIX index of the Bulgarian Stock Exchange closed lower on Wednesday, posting back-to-back losing sessions, as Albena shares dropped 2.88% after the company announced its net profit fell 32.9% in the first nine months of the year.

The SOFIX closed 0.11% lower at 596.81 points on Wednesday, following a 0.82% decline in the preceding session.

Battery maker Monbat posted the second sharpest decrease among blue chips, of 2.08%, followed by diversified group Chimimport [BUL:6C4] with a 0.99% drop.

Bulgarian Real Estate Fund REIT (BREF) [BUL:5BU] was the most traded blue chip during the session, as 36,347 shares in the company changed hands in eight deals. BREF shares ended 0.52% lower at 1.92 levs.

Diversified group Stara Planina Hold [BUL:5SR] gained most among Sofia bourse blue chips, adding 3.15% to 6.55 levs.

The rise in Stara Planina Hold shares backed the wider BGBX40 index, which closed 0.09% higher at 117.03 points. The BGBX40 tracks the 40 most traded shares on the Sofia bourse.

The BGREIT index, which tracks the performance of real estate investment trusts (REITs), rose 0.17% to 117.23 points, as Bulland Investments REIT [BUL:5BD] shares gained 7.0% to 1.07 levs.

The BGTR30 index, in which companies with a free float of at least 10% have equal weight, edged down 0.02% to 499.33 points on Wednesday.

Total trading turnover on the regulated market of the bourse rose to 638,700 levs ($370,100/326,560 euro) on Wednesday from 592,500 levs on Tuesday.

(1 euro = 1.95583 levs)