July 15 (SeeNews) - Bulgarian Stock Exchange indices started the week in red, hit by drops in the share price of IoT company Allterco [BUL:A4L] and software group Sirma Group Holding [BUL:SKK].
Allterco led decliners on Monday as its shares lost 3.68% to 2.62 levs, erasing part of their gains accumulated after the announcement of a final deal reached with Norway's LINK Mobility Group for the sale of the Bulgarian company's five telecommunications units, worth some 7.9 million euro. The deal is expected to be wrapped up on July 29.
However, Allterco shares are still up 4.80% since the start of July and 24.76% higher year-to-date.
Sirma Group Holding was the second biggest decliner on Monday, dropping 3.13% to 0.62 levs - a new all-time low closing price for the company. The software group started trading on the Bulgarian Stock Exchange on November 23, 2015 and closed its first trading session at 1.27 levs - a value it has failed to reach since.
In February, the company announced that its capital hike attempt has fallen through as the number of subscribed shares failed to cross the minimum threshold of 19,786,839 shares. Sirma Group Holding was seeking to raise up to 39.57 million levs by offering the same number of shares.
Sirma Group Holding shares are down 7.46% since the beginning of July and 31.42% lower year-to-date.
The blue-chip SOFIX index closed 0.67% lower at 579.84 points on Monday, as Sirma Group Holding was followed by Holding Varna [BUL:5V2] and drug maker Sopharma [BUL:3JR], which erased 3.03% and 2.35% of their respective share prices.
The BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, fell 0.42% to 114.84 points, while the BGTR30, in which companies with a free float of at least 10% have equal weight, slid 0.21% to 506.84 points.
The BGREIT index, which tracks real estate investment trusts, decreased 0.14% to 126.86 points. A 0.26% rise in the share price of Advance Terrafund REIT [BUL:6A6] was offset by a 0.93% drop in Bulgarian Real Estate Fund REIT [BUL:5BU] shares.
Total regulated market trading turnover shrank further to just 68,000 levs ($39,000/35,000 euro) on Monday from 127,000 levs in the preceding trading session.
(1 euro = 1.95583 levs)