Sofia bourse indices slip further, Shelly Group paces losers

SOFIA (Bulgaria), September 18 (SeeNews) - Four out of the five main indices of the Bulgarian Stock Exchange (BSE) closed lower on Monday, with the blue-chip SOFIX shedding 0.65% to 740.97 points, bourse data showed.

SOFIX was set back by IoT products maker Shelly Group [BUL:SLYG], which lost 2.84% to 41.00 levs, and pharmaceuticals maker Sopharma [BUL:SFA], which went down 1.29% to 6.12 levs.

Shelly Group also pushed down the broader BGBX40, which tracks the 40 most traded shares on the Sofia bourse, by 0.46% to 156.35 points. The index was further pressed by a 3.29% drop in pawnshop chain operator Sofia Commerce-Pawn Brokerage [BUL:SCOM] to 2.94 levs.

The BGTR30, in which companies with a free float of at least 10% have equal weight, ended the session 0.27% lower at 779.44 points, set back by the losses at Shelly Group and Sopharma and a 2.91% decline in venture capital firm Eleven Capital [BUL:11C] to 20.00 levs.

On its first day, the new BEAMX index, which tracks the ten most highly capitalised companies out of the 16 listed on the beam growth segment, erased 1.69% to 98.31 points. It was hit by a 6.25% slump at MFG Invest [BUL:MFG] to 3.00 levs and a 4.67% tumble at investment firm HR Capital [BUL:HRC] to 2.04 levs.

The BGREIT index, which tracks seven real estate investment trusts, on the other hand, posted the only gain of the day, adding 0.10% to 193.30 points. Its performance was driven by a 0.69% climb in Super Borovets Property Fund REIT [BUL:SBPF] to 2.90 levs.

Total turnover on the main market of the Sofia bourse dipped to 3.04 million levs ($1.67 million/1.55 million euro) on Monday from 10.6 million levs on Friday.

The top stock by turnover was Super Borovets Property Fund, which generated 394,980 levs with 136,200 shares traded.

(1 euro = 1.95583 levs)