Bulgarian stocks rebound, Trace Group only loser among blue chips

The indices of the Bulgarian Stock Exchange closed higher on Thursday, recovering from a drop in the previous session, as Trace Group Hold [BUL:T57] was the only decliner among the blue chips, bourse data showed.

The SOFIX index, which tracks the 15 most traded and capitalised companies listed on the Sofia bourse, rose 0.58% to 566.77 points after falling 0.37% on Wednesday on losses in the share price of companies from different sectors of the economy.

Battery manufacturer Monbat was the biggest blue-chip gainer on Thursday, closing 1.99% higher at 7.70 levs ($4.48/3.98 euro), after falling 1.95% a day earlier.

Another blue-chip company, software developer Sirma Group Holding [BUL:SKK], appreciated 1.08%, while Central Cooperative Bank (CCB) [BUL:4CF] rose 0.79%.

Drug distributor Sopharma Trading [BUL:SO5] closed flat at 6.95 levs, after announcing earlier in the day that it has acquired a minority stake in Serbian drug wholesaler Lekovit, thus becoming the sole owner of Lekovit as part of regional expansion.

Trace Group fell 0.75% to 2.64 levs in a volume of 4,694 shares.

The BGBX40 index, which tracks the 40 most traded shares, closed 0.42% higher at 111.61 points, after falling 0.39% on Wednesday.

The BGREIT index, which tracks real estate investment trusts listed on both the regulated market and the BaSE Alternative Market of the Sofia bourse, closed at 119.96 points, as compared to 119.84 point on Wednesday.

(1 euro=1.95583 Bulgarian levs)

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