Stock Indices Partly Recover

Stock Indices Partly Recover

Bulgarian stock market indices closed higher on Thursday, after falling sharply a day earlier on news that the centre-right government had resigned.

The blue-chip SOFIX index, which tracks the 15 most liquid shares on the Bulgarian Stock Exchange (BSE), closed 1.17% higher at 387.17 points, after dropping 2.69% on Wednesday.

The broader BG40, which includes the 40 most traded shares, went up 0.95% to 130.31 points following a 2.58% decrease in the previous trading session.

Total turnover on the regulated market shrank to 695,696 levs ($469,000/356,000 euro) from 2.0 million levs on Wednesday.

Ten of the 12 SOFIX components which were traded on Thursday rose and two fell.

The BG-REIT index, which tracks the performance of real estate investment trusts, ended 0.72% higher at 82.27 points after losing 0.28% on Wednesday.

The BG TotalReturn30, in which companies with a free float of at least 10% have equal weight, gained 1.74% to 286.28 points, following a 2.7% decrease in the previous trading session.

The CGIX Corporate Governance index, which includes companies strictly applying corporate governance principles, ended 1.44% higher at 87.18 points after going down by 3.52% on Wednesday.

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