Bulgarian stock indices close mostly down, FIB gains 10.71%

SOFIA (Bulgaria), May 2 (SeeNews) - The indices of the Bulgarian Stock Exchange (BSE) ended mostly in negative territory on Thursday, the last working day before the Orthodox Easter holidays, as turnover rose.

The Sofia bourse was closed on May 1, Labour Day. May 3 and May 6 will also be non-working days.

The blue-chip SOFIX, however, managed to add 0.01% to 813.65 points, supported by gains in First Investment Bank [BUL:FIB], bourse data showed.

First Investment Bank, or Fibank, jumped 10.71% to 3.1 levs, as 54,866 shares changed hands, making it the most liquid share.

In the losers department, hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] lost 3.39% to 11.4 levs, while diversified group Chimimport [BUL:CHIM] shed 1.46% to 0.68 levs.

The two companies, alongside venture capital firm Eleven Capital [BUL:11C] and fertiliser producer Neochim [BUL:NEOH, weighed on the BGBX40, which tracks the 40 most traded shares on the Sofia bourse, and it closed 0.15% lower at 165.13 points.

The BGREIT, which tracks seven real estate investment trusts, ended 0.06% lower at 189.39 points, held back by the poor performance of Advance Terrafund REIT [BUL:6A6]. Advance Terrafund lost 0.30% to 3.34 levs.

The BEAMX index, which tracks the ten most highly capitalised growth companies, went down 0.82% to 96.67 points, after a 22.69% collapse in electric vehicle manufacturer Sin Cars Industry [BUL:SIN], to 0.40 levs.

The BGTR30 index, in which companies with a free float of at least 10% have equal weight, inched down 0.02% to 817.49 points.

Total turnover on the main market of the Sofia bourse swelled to 1.2 million levs ($656,349/613,550 euro) on Thursday from 361,523 on Tuesday.

(1 euro = 1.95583 levs)