Bulgarian stock exchange indices rebound on gains in Sirma, Allterco

The strong performance of the SOFIX was spearheaded by a 3.45% gain in software developer Sirma Group Holding [BUL:SGH] to 0.75 levs. On Tuesday, a majority-owned company subsidiary, Sciant, unveiled the acquisition of Albanian IT services firm ReSolutions.

IoT products maker Allterco [BUL:A4L] also contributed to the SOFIX rise, as it added 3.04% to 16.95 levs.

The top SOFIX decliner was Telelink Business Services Group [BUL:TBS], which dropped 1.97% to 12.45 levs in a trading volume of 1,618 shares.

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, edged up 0.18% to 134.20 points, as Sirma Group and Allterco gains were offset by a 3.70% decline in poultry producer Gradus [BUL:GR6] to 1.30 levs. Constituent Telematic Interactive Bulgaria [BUL:TIB] also performed poorly, with a loss of 3.05% to 14.30 levs.

Both blue-chip winners also pushed up the BGTR30 index, under which companies with a free float of at least 10% have equal weight. The BGTR30 closed 0.25% higher at 700.12 points.

Lastly, the BGREIT index, which tracks seven real estate investment trusts, ticked up by 0.39% to 1780.30 points, on the back of a 1.06% in Advance Terrafund REIT [BUL:ATER] to 2.85 levs and a 1.00% increase in Bulgarian Real Estate Fund REIT [BUL:BREF] to 2.02 levs.

Total turnover on the BSE's main market crashed to 307,555 levs ($154,818/157,250 euro) on Tuesday from 1.35 million levs on Monday.

The most traded stock on the day was Advance Terrafund, which generated turnover of 123,111 levs with as many as 43,197 shares traded.

(1 euro = 1.95583 levs)