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Sofia exchange's SOFIX extends losing streak, turnover doubles

Sofia exchange's SOFIX extends losing streak, turnover doubles Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), May 14 (SeeNews) - The blue-chip SOFIX index of the Bulgarian Stock Exchange dropped 0.68% to 563.42 points on Tuesday, as First Investment Bank [BUL:5F4] and Advance Terrafund REIT [BUL:6A6] fell the most among its constituents, bourse data showed.

First Investment Bank's shares ended 3.43% lower at 3.38 levs on Tuesday, while Advance Terrafund lost 1.93% to 1.77 levs.

On Monday, the SOFIX index lost 0.75%, dragged down by holding companies Doverie United Holding [BUL:5DOV] and Chimimport [BUL:6C4].

First Investment Bank and Advance Terrafund were also the top losers on Tuesday among the members of the BGTR30 index, in which companies with a free float of at least 10% have equal weight. The BGTR30 closed 0.29% lower at 495.14 points.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, dropped 0.52% to 113.02 points, as car battery manufacturer Elhim Iskra [BUL:52E] shares lost 4.17% to 0.92 levs.

The BGREIT index, which tracks real estate investment trusts, fell to 0.47% at 119.59 points, mainly due to the drop of Advance Terrafund's shares.

Total trading turnover on the regulated market doubled to 2.7 million levs ($1.5 million/1.3 million euro) on Tuesday from 1.3 million levs on Monday.

The bulk of trading turnover on Tuesday was formed by 95,257 shares priced at 21 levs from 235 Holdings [BUL:94G].