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Sofia stock indices close higher as Sirma Group shares bounce back

Author Mario Tanev
Sofia stock indices close higher as Sirma Group shares bounce back Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 2 (SeeNews) - Bulgarian Stock Exchange indices closed higher on Monday, backed by a 6.62% jump in the share price of software group Sirma Group Holding [BUL:SKK].

However, Sirma Group Holding shares are still 19.8% down year-to-date, after a failed capital increase attempt in February took a heavy toll on the company's share price.

On Friday, Sirma Group Holding said that its consolidated net profit excluding minority interest more than doubled to 3.7 million levs in the first half of 2019 from 1.4 million levs in the same period of 2018.

The blue-chip SOFIX index closed the trading session 0.44% higher at 569.92 points.

The other major gainers among blue chips on Monday were diversified groups Doverie United Holding [BUL:5DOV] and Stara Planina Hold [BUL:5SR], which added 2.52% and 1.98%, respectively.

Sirma Group Holding also led gainers among members of the wider BGBX40 index and the equally-weighted BGTR30 index.

The BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, rose 0.37% to 112.73 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, added 0.63% to 505.68 points.

The BGREIT index, which tracks real estate investment trusts, advanced 0.10% to 126.51 points, backed by a 0.51% increase in the share price of Bulgarian Real Estate Fund REIT [BUL:5BU].

Total regulated market turnover fell to 1.0 million levs ($560,000/511,000 euro) on Monday from 3.1 million levs on Friday.

(1 euro = 1.95583 levs)