March 17 (SeeNews) - The Bulgarian Stock Exchange said that it has rejected the request of local car battery maker Monbat [BUL:5MB] for suspension of trading with both its share and bond issues, in relation to the state of emergency declared by the country on March 13 over the coronavirus pandemic.
"The BSE Board is of the opinion that there are no reasons to adopt a decision for the suspension of trading in the issue of shares of Monbat AD, BSE code 5MB and ISIN BG1100075065, as well as in the issue of bonds of the company, BSE code 5MBA and ISIN BG2100023170, as Monbat AD requested on 13 March 2020 with reference to the decision of the Bulgarian Parliament to announce state of emergency in the country as of 13 March 2020," the Sofia bourse said in a statement.
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As at 9:05 CET on Tuesday, Monbat shares traded 6.67% lower at 4.2 levs ($2.38/2.15 euro) on the Sofia bourse. This represents a 31.1% share price decrease since March 8, when Bulgaria announced the first coronavirus cases in the country.
(1 euro = 1.95583 levs)