Most Sofia bourse indices rise, Shelly Group saps SOFIX

IoT product maker Shelly Group [BUL:SLYG] paced the SOFIX losers, with a 2.90% dip to 43.60 levs. The blue-chip index was further dragged down by poultry producer Gradus [BUL:GR6], which slipped 1.34% to 1.47 levs.

The top SOFIX gainer was battery maker Monbat [BUL:MONB], rising 5.02% to 4.60 levs in a trading volume of 10,098.

The rise in Monbat, coupled with a 5.41% jump in M+S Hydraulic [BUL:MSH] to 11.70 levs and a 3.60% climb in First Investment Bank, or Fibank, [BUL:FIB] to 2.30 levs, allowed the BGBX40 index to only just scrape into green territory. The BGBX40, which tracks the 40 most traded shares on the Sofia bourse, closed 0.01% higher at 158.00 points, despite the loss in Shelly Group and a 2.78% decline in cable maker Emka [BUL:EMKA] to 2.10 levs.

The BGTR30 advanced the most, by 786.90 points, also on the increases in Monbat, M+S Hydraulic and Fibank.

The BGREIT, which tracks seven real estate investment trusts, added 0.13% to 193.63 points after Bulgarian Real Estate Fund REIT [BUL:BREF] edged up 0.89% to 2.26 levs, with 11,877 shares traded.

Total turnover on the main market of the Sofia bourse nearly halved, to 6.7 million levs ($3.7 million/3.4 million euro) on Monday from 11.34 million levs on Friday.

The most liquid stock was Rodna Zemya Holding [BUL:HRZ], of which over 1.33 million shares changed hands in two trades, generating some 3.97 million levs. The stock closed flat at 2.98 levs.

(1 euro = 1.95583 levs)