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Bulgarian blue-chip stock index posts consecutive losing sessions

Author Mario Tanev
Bulgarian blue-chip stock index posts consecutive losing sessions Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), August 27 (SeeNews) - The Bulgarian Stock Exchange blue-chip SOFIX index posted back-to-back losing sessions, dropping 0.31% to 572.87 points on Tuesday.

The biggest decliner among the 15 blue chips in Sofia was software group Sirma Group Holding [BUL:SKK], which saw a 3.55% decrease to 0.68 levs. Earlier on Tuesday, the company announced that its shareholders have approved the launch of a 20 million levs ($11.4 million/10.2 million euro) share repurchase programme, targeting up to 32% of the company's capital.

Sirma Group Holding was also the biggest decliner among members of the equally-weighted BGTR30 index, which edged down 0.03% to 505.05 points on Tuesday.

The wider BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, lost 0.17% to 112.87 points, hit by a 7.05% decrease in the share price of IoT products developer Allterco [BUL:A4L].

The BGREIT index, which tracks real estate investment trusts, fell 0.20% to 126.96 points, dragged down by a 1.02% decline in Advance Terrafund REIT's [BUL:6A6] share price.

Regulated market trading turnover fell to 1.9 million levs ($1.1 million/1.0 million euro) on Tuesday from 6.3 million levs on Monday.

(1 euro = 1.95583 levs)