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Bulgarian stock indices close lower, Eurohold leads blue-chip decliners

Bulgarian stock indices close lower, Eurohold leads blue-chip decliners Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), July 19 (SeeNews) - All indices of the Bulgarian Stock Exchange (BSE) started the week on negative territory, with the blue-chip SOFIX index falling the most, by 0.49% to 563.26 points, bourse data showed on Monday.

The SOFIX index was dragged down mainly by financial and insurance group Eurohold Bulgaria [BUL:EUBG], which saw its shares erase 3.85% from their price. IoT products maker Allterco [BUL:A4L] followed with a 2.79% decline in its share price.

A total of 11,000 Eurohold shares changed hands at an average price of 2.5727 levs on Monday.

Late on Friday, Eurohold said that majority shareholder Starcom Holding [BUL:S28H] has increased its interest in the group to 56.16%. On July 13, Starcom Holding acquired 47,197,875 shares from the group's new share issue and currently holds 146,287,415 shares with voting rights in the capital of Eurohold Bulgaria.

On the gainers' side of the list, shares in diversified group Doverie United Holding [BUL:DUH] rose the most, by 3.64%. Doverie United Holding led gainers among members of the BGBX40 and BGTR30 indices as well.

A total of 12,387 shares of Doverie United Holding traded at an average price of 7.4259 levs on the floor of the BSE on Monday.

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, fell 0.36% to 124.00 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, dropped 0.34% to 601.59 points. Both indices were negatively influenced predominantly by a 5.93% drop in the share price of Industrial Holding Bulgaria [BUL:IHB].

The BGREIT index, which tracks seven real estate investment trusts, went down 0.20% to 157.59 points due to a 0.92% drop in the shares of Bulgarian Real Estate Fund REIT [BUL:BREF].

Total turnover on the BSE's main market fell to 247,652 levs ($149,600/126,600 euro) on Monday from some 658,000 levs on Friday.

(1 euro = 1.95583 levs)