SOFIX erased gains from earlier this week
Total daily turnover – almost unchanged at 1.68 mln leva
European shares pared losses on Friday, after a key U.S. labour report showed the unemployment rate surprisingly fell to a five-month low of 9.7 percent, although it showed jobs were unexpectedly lost in January. Pessimism and sell-offs dominated the BSE-Sofia on Friday and the leading index SOFIX extended losses by 1.1% to a closing level of 436.53 points and erasing gains from the beginning of he week. Total turnover remained at 1.03 mln leva and deals on the OTC market increased to 646 thousand leva.
Among the few companies with marginally rising prices the biggest winner was Trace group Hold (T57) gaining 1.86% to a closing price of 69.988 leva. The optimism was due to revealing that the company, through a consortium, has offered the lowest price in the public tender for the construction in the Lot 2 of "Trakia" highway. The other company support the index was Corporate Commercial Bank (6C9) rising 0.83% and closing at 60.50 leva per share.
After the negative outcome around the tender for "Trakia" highway the shares of Holding Roads (6H2) plummeted for a second consecutive day by 6.76% and closed at 2.536 leva. The stock was also the second most liquidly traded on Friday with a volume of 32.4 thousand lots. Also weighing on the index was ELARG Agricultural Land Opportunity Fund REIT (4EC) plunging 5.62% to a closing price of 0.755 leva per share.
Central Cooperative Bank (4CF) reclaimed its place as the most liquidly traded stock with a volume of 33.3 thousand lots, exchanged at an average price of 1.288 leva. Sparky Eltos (SL9) also attracted interest and realized a volume of 30.9 thousand lots, traded at an average price of 2.248 leva.
The wide index BG40 was the only one with gains - 0.24% and reached a closing level of 120.02 points.
This is commentary article and Econ.bg does not recommend any trading operations based on the information.
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