June 5 (SeeNews) - The Bulgarian Stock Exchange BGREIT index, which tracks real estate investment trusts, closed a second consecutive trading session at an all-time high value.
The BGREIT gained 0.21% to 122.49 points on Wednesday, besting its Tuesday all-time high of 122.23 points.
The only gainer among BGREIT members in both sessions was Bulgarian Real Estate Fund REIT (BREF) [BUL:5BU], which closed 1% higher at 2.02 levs on Wednesday.
BREF shares added 0.52% on Monday and a further 2.56% on Tuesday. After the Sofia exchange end bell last Friday, 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 Wednesday's trading session 0.43% lower at 577.63 points, hit by a 3.61% drop in the share price of First Investment Bank (Fibank) [BUL:5F4].
On Tuesday, Moody's Investors Service said that it has downgraded Fibank's long-term deposit rating to B2 from B1, maintaining the stable outlook.
"Today's rating action reflects Moody's view that the bank's high level of problem loans and significant repossessed assets, predominantly foreclosed properties, continue to pose a risk to the bank's capital base," Moody's said in a statement.
Fibank also led decliners among the wider BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia. The BGBX40 ended 0.18% lower at 115.15 points on Wednesday.
The BGTR30 index, in which companies with a free float of at least 10% have equal weight, dropped 0.27% to 502.09 points, dragged down by a 7.96% decline in the share price of chemicals trader Himsnab Bulgaria [BUL:58E]
Total regulated market turnover shrank to 118,000 levs ($68,000/60,000 euro) on Wednesday from 2.8 million levs on Tuesday.
(1 euro = 1.95583 levs)
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