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Sofia bourse indices mostly fall on losses at Stara Planina Hold, Zarneni Hrani Bulgaria

Sofia bourse indices mostly fall on losses at Stara Planina Hold, Zarneni Hrani Bulgaria Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), June 27 (SeeNews) - All but one of the four main Sofia bourse indices started the week in decline, with the blue-chip SOFIX index edging down 0.10% to 613.67 points on Monday, bourse data showed.

With a 2.15% retreat to 9.10 levs, M+S Hydraulic [BUL:MSH] led the decliners among SOFIX constituents, followed by IoT maker Allterco [BUL:A4L] which dropped 1.37% to 18.05 levs in a trading volume of 389.

Late on Friday, Allterco announced that it will buy back 40,000 of its shares at 19.50 levs apiece from two unnamed investors so as to partially fund its proposed cash-and-stock acquisition of Slovenian sector player GOAP.

The drop in M+S Hydraulic, coupled with a 5% slip in Stara Planina Hold [BUL:SPH] to 9.50 levs, reflected on the performance of the BGTR30 index, in which companies with a free float of at least 10% have equal weight. The BGTR30 inched down 0.01% to 739.42 points.

The wider BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, finished the trading session with a decline of 0.27% to 143.74 points. The weak result in the BGBX40 stemmed from a 5.03% loss in Zarneni Hrani Bulgaria [BUL:ZHBG] to 0.189 levs as 1,000 shares changed hands. Index constituent Fairplay Properties REIT [BUL:FPP], on the other hand, jumped 13.48% to 0.80 levs.

The BGREIT, which tracks seven real estate investment trusts, was the only one to finish in green territory on Monday, adding 0.34% to 179.09 points, on the back of a gain in Bulgarian Real Estate Fund REIT [BUL:BREF]. The property investment trust closed 1.75% higher at 2.32 levs with 8,034 shares bought and sold.

Total turnover on the main market of the BSE slightly fell, to 5.44 million levs ($2.9 million/2.8 million euro) on Monday from 5.77 million levs on Friday.

(1 euro = 1.95583 levs)

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