You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Sofia bourse indices close mixed, SOFIX drops on losses in Fibank, CCB

Sofia bourse indices close mixed, SOFIX drops on losses in Fibank, CCB Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), August 17 (SeeNews) - Two of the four main equity indices on the Bulgarian Stock Exchange (BSE) closed in red territory on Wednesday, with the SOFIX retreating 0.21% to 613.36 points on the back of declines in First Investment Bank, or Fibank, [BUL:FIB] and Central Cooperative Bank [BUL:CCB].

Fibank dropped 4.76% to 2.00 levs in a trading volume of 5,600 shares, whereas CCB closed 3.43% lower at 1.69 levs as 5,200 shares changed hands.

The weak performance of the two lenders was offset by a 4.65% rise in Stara Planina Hold [BUL:SPH] to 9.00 levs. That allowed the BGBX40 index, which tracks the BSE's 40 most traded shares, to finish the trading session 0.06% higher at 142.02 points.

The BGTR30 index, in which companies with a free float of at least 10% have equal weight, was the second index to end in red, inching down 0.04% to 738.79 points.

The decline was again the result of Fibank's loss, compounded by a 1.82% dip in blue-chip Telelink Business Services Group [BUL:TBS] to 13.50 levs.

Total turnover on the BSE's main market ticked down to 1.04 million levs ($540,420/531,745 euro) on Wednesday from 1.4 million levs on Tuesday.

The most traded stock was diversified group Holding Nov Vek [BUL:HNVK], which contributed a little under a third of the turnover with 299,970 levs. As many as 14,850 company shares were traded at an average price of 20.20 levs.

The BGREIT index, which tracks seven real estate investment trusts, gained the most in the midweek trading session, or 0.63% to 185.70 points, on the back of a 2.48% increase in Bulgarian Real Estate Fund REIT [BUL:BREF] to 2.48 levs.

(1 euro = 1.95583 levs)

First Investment Bank AD is among the biggest banks in SEE, for more reference take a look at Top 100 banks