You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bulgarian Stock Exchange BGREIT index sets back-to-back all-time highs

Author Mario Tanev
Bulgarian Stock Exchange BGREIT index sets back-to-back all-time highs Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), June 11 (SeeNews) - The Bulgarian Stock Exchange BGREIT index, which tracks real estate investment trusts, posted a second consecutive all-time high this week, ending at 123.41 points on Tuesday.

The BGREIT gained 0.24%, or 0.29 points, on Tuesday, exceeding its Monday record high of 123.12 points.

The index was backed by a 9.23% rise in the share price of Aktiv Properties REIT [BUL:5AX], which was partially offset by a 0.97% drop in Bulgarian Real Estate Fund REIT (BREF) [BUL:5BU] shares. 

However, BREF shares are still 5.15% up since the start of June. On May 31, BREF announced that its has signed a six-year agreement with Robert Bosch Bulgaria for the lease of 2,749 sq. m. of its building in Sofia Tech Park, which is currently under construction.

The blue-chip SOFIX index closed 0.18% lower at 580.34 points, dragged down by a 2.31% plunge in the share price of First Investment Bank [BUL:5F4].

Other major decliners among SOFIX members on Tuesday were diversified group Doverie United Holding [BUL:5DOV] and machinery maker M+S Hydraulic [BUL:5MH], which lost 1.39% and 1.33%, respectively. 

First Investment Bank also led gainers among members of the equally-weighted BGTR30 index.

However, the BGTR30, in which companies with a free float of at least 10% have equal weight, ended the session 0.22% higher at 505.93 points, backed by the rise in Aktiv Properties REIT shares.

The BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, edged up 0.03% to 115.56 points, also supported by Aktiv Properties REIT.

Total regulated market turnover dropped further to 200,000 levs ($116,000/102,000 euro) on Tuesday from 236,000 levs on Monday.

(1 euro = 1.95583 levs)