Sofia Stock Indices Close Lower as Eurohold Shares Plunge 8.11%

Sofia Stock Indices Close Lower as Eurohold Shares Plunge 8.11%

Bulgarian Stock Exchange indices ended lower on Thursday as financial and insurance group Eurohold Bulgaria erased 8.11% of its share price to 1.70 levs.Eurohold Bulgaria last week announced plans to seek 154.1 million levs in a cap hike, in which the company will offer 79,010,240 preferred shares. The group's share price initially soared 20%, but subsequently lost all its gains in the following two trading sessions.Eurohold Bulgaria shares are 5.59% up year-to-date.The financial and insurance group is a member of the Bulgarian Stock Exchange blue-chip SOFIX index, the wider BGBX40 and the equally-weighted BGTR30.The SOFIX index dropped 0.76% to 574.39 points on Thursday, and is now 3.37% down year-to-date. Besides Eurohold, the other major blue-chip decliners on Thursday were diversified group Doverie United Holding and software developer Sirma Group Holding, which lost 2.72% and 1.75%, respectively.The BGBX40, which tracks the 40 most traded shares on the Sofia bourse, slid 0.31% to 114.95 points, while the BGTR30, in which companies with a free float of at least 10% have equal weight, slumped 0.35% to 500.96 points.

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