Indices on the Bulgarian Stock Exchange (BSE) staged minor falls during Monday’s session, with the benchmark SOFIX of the blue chips sinking by 2.78 points to 358.70 points.

The broader BG40 and the sector index BGREIT slipped to 103.94 points and 38.98 points, respectively. BGTR30 of the stocks with the highest market capitalisation and liquidity was down by 1.26 points to 272.70 points.

Up till now, the earnings season is making no difference for the lacklustre trade on the Bulgarian market, and just a handful of companies have ventured to file reports despite the deadline expiring on Friday.

Monday saw total trade turnover come in at BGN 4 million, but even this hefty volume failed to lift analysts’ spirits about the prospects lying ahead. Half of the turnover was generated by Varna-based ship repairer Odessos, which edged just BGN 0.10 higher to BGN 88.90 per share at the closing bell.

The runner-up in terms of volume was Industrial Holding Bulgaria, which leapt 5.75% to BGN 1.197 in a volume of BGN 927,000.

Third ranked Holding Varna, which scored a volume of BGN 673,000.

In Europe, indices also moved at a languid rate as the difficultness of banking stress tests raised eyebrows with analysts. Only seven banks failed the tests and instead of regaining investors’ trusts, the move fueled disappointment. Around 4 pm London’s FTSE 100 was trading 6% lower at 5306.65, the DAX in Frankfurt h ad drifted down by 27.56 to 6138.78, and the CAC 40 in France had lost 14.56 points to 3529.49.

STOXX 50, which tracks the eurozone’s blue chips, fell by 6 points to 2713.