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Bulgarian stock indices climb up, Allterco adds 7.03%

Bulgarian stock indices climb up, Allterco adds 7.03% Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), November 22 (SeeNews) - All indices of the Bulgarian Stock Exchange started the week on positive territory, mainly backed by a 7.03% rise in the shares of IoT products developer Allterco [BUL:A4L], bourse data showed on Monday.

A total of 27,917 Allterco shares traded at an average price of 27.6736 levs on the floor of the Sofia bourse on Monday.

Earlier on Monday, Allterco's shares started trading on the Prime Standard market segment of the regulated market of the Frankfurt Stock Exchange. Their starting price was set at 14.50 euro ($16.31), putting the company's capitalisation is some 261 million euro.

The Sofia bourse's blue-chip SOFIX index added 1.51% to 621.35 points on Monday. Apart from Allterco's gains, the index was also positively influenced by a 5.36% increase in battery manufacturer Monbat [BUL:MONB].

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, rose 0.72% to 139.74 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, went up 0.49% to 667.68 points.

The BGREIT index, which tracks seven real estate investment trusts, rose by 0.61% to 165.70 points on Monday mostly due to a 2.86% increase in the share price of Bulgarian Real Estate Fund REIT [BUL:BREF].

Total turnover on the BSE's main market fell to 4.6 million levs on Monday from 6.4 million levs on Friday.

The most traded company on Monday was National Investment Fund Dynamic [BUL:DYN]. As many as 120,195 shares in the company traded flat at an average price of 10.2000 levs, generating over 1.2 million levs of turnover.

($ = 0.8890 euro)