Sofia Bourse Starts Feb in Red as Fibank Gives Up Part of Gains

Sofia Bourse Starts Feb in Red as Fibank Gives Up Part of Gains

The Bulgarian Stock Exchange blue-chip index ended the first trading session of this month 0.30% lower at 583.98 points, dragged down by a 4.58% plunge in the share price of First Investment Bank (Fibank). The SOFIX dropped 1.46% overall in January, but ended the month's last trading session with a strong 1.82% rise prompted by Fibank's 9.12% share price gain on January 31. There were only two other blue-chip losers on Friday - drug maker Sopharma and Bulgarian Real Estate Fund REIT, which ended 0.57% and 0.53% lower, respectively. The BGREIT, which tracks real estate investment trusts, lost 0.10% to 120.65 points solely due to the decline in Bulgarian Real Estate Fund REIT's share price. The BGREIT ended 2018 at an all-time high of 121.07 points. The wider BGBX40 index and the equally-weighted BGTR30 index also ended lower on Friday, as Industrial Capital Holding fell most among their members, followed by Fibank. Total trading turnover shrank to 180,000 levs ($106,000/92,000 euro) on Friday from 1.4 million levs on Thursday.

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