December 11 (SeeNews) - The BGREIT index, which tracks real estate investment trusts listed on the Bulgarian Stock Exchange, inched closed to an all-time high after gaining 0.20% on Tuesday, in a session market by heavy trade in BGREIT constituents.
The index gained 0.23 points to 117.91 points on Tuesday and is now some 0.52% away from its previous all-time high, hit in August 2017.
Turnover generated by trade in BGREIT constituents exceeded total regulated market turnover by over 45% on Tuesday.
Five companies part of the BGREIT traded on Tuesday, three of which listed on the BaSE alternative market of the exchange, forming a total turnover of 2.0 million levs ($1.2 million/1.0 million euro). Total trading turnover on the regulated market of the Sofia bourse amounted to 1.4 million levs.
Blue-chip Advance Terrafund REIT [BUL:6A6] - the biggest BGREIT component by market capitalisation, was most traded among its peers, generating a turnover of 930,000 levs, or 66% of the total regulated market turnover.
Advance Terrafund REIT shares gained 1.03% to 1.97 levs on Tuesday and were the sole reason for the BGREIT's rise, as all other constituents of the index ended unchanged.
The blue-chip REIT also backed the benchmark SOFIX index, which held on to a 0.01% increase to 593.21 points.
The rise in Advance Terrafund REIT's share price was only outpaced by construction company Trace Group Hold [BUL:T57], which gained 3.62% to 2.86 levs in a single deal for 100 shares.
On Monday, Trace Group Hold shares erased 2.82%. Trace Group Hold shares are currently 7.1% down in the past 30 days.
Trace Group Hold's share price gains also backed the wider BGBX40 index and the BGTR30 index.
The BGBX40, which tracks the 40 most traded shares on the Sofia bourse, edged up 0.04% to 115.35 points.
The BGTR30 index, in which companies with a free float of at least 10% have equal weight, added 0.10% to 491.34 points.
(1 euro = 1.95583 levs)