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Sirma Group shares sink 2.7%, drag Sofia bourse blue-chip index lower

Author Mario Tanev
Sirma Group shares sink 2.7%, drag Sofia bourse blue-chip index lower Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), July 25 (SeeNews) - The Bulgarian Stock Exchange blue-chip SOFIX index edged down 0.07% on Thursday, hit by a 2.7% decrease in Sirma Group Holding [BUL:SKK] shares.

Sirma Group Holding shares erased part of their recent gains, posted after the company announced last week plans for a 20 million levs share repurchase programme, targeting 32% of its stock.

The wider BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, rose by a slim 0.03% to 114.76 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, added 0.06% to 510.03 points.

The two indices were backed by an 8.93% rise in the share price of Holding Sveta Sofia [BUL:4HS], which offset a 4.41% drop in the share price of car battery maker Monbat [BUL:5MB].

The BGREIT index, which tracks real estate investment trusts, erased 0.15% to 126.47 points, due to a 0.78% decrease in the share price of its largest member by market capitalisation - Advance Terrafund REIT [BUL:6A6].

Total regulated market trading turnover fell to 177,000 levs on Thursday from 288,000 levs on Wednesday.

(1 euro = 1.95583 levs)