Bulgarian equity indices mostly rise on Eurohold, Sirma gains

SOFIX was lifted by energy and insurance group Eurohold Bulgaria [BUL:EUBG], which leapt 5.37% to 1.57 levs, and software developer Sirma Group Holding [BUL:SGH], which grew by 2.17% to 0.94 levs.

Eurohold and Sirma also propelled the BGBX40, which tracks the 40 most traded shares on the Sofia bourse, and the BGTR30, in which companies with a free float of at least 10% have equal weight. Both indices were additionally supported by a 1.43% increase in diversified group Chimimport [BUL:CHIM] to 0.71 levs.

Overall, the BGBX40 went up 0.14% to 169.77 points, whereas the BGTR30 index advanced by 0.24% to 850.74 points.

Meanwhile, the BGREIT, which tracks seven real estate investment trusts, slipped by 0.06% to 188.72 points. The index was pressed by a 0.31% tumble in Advance Terrafund REIT [BUL:ATER] to 3.20 levs.

The BEAMX index, which tracks the ten most highly capitalised growth companies, sank 0.98% to 101.66 points. It was mostly hit by a 6.02% drop in cargo drone developer Dronamics' special purpose vehicle Dronamics Capital [BUL:DRON] to 2.50 levs.

Total turnover on the main market of the Sofia bourse surged to 4.68 million levs ($2.57 million/2.39 million euro) on Tuesday from 817,215 levs on Monday.

The highest turnover of the day, of some 1.2 million levs, was generated by diversified group Doverie United Holding [BUL:DUH] after 137,560 shares changed hands. The stock closed flat at 8.70 levs.

(1 euro = 1.95583 levs)