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Sofia exchange REIT index ties all-time high, SOFIX regains ground

Author Mario Tanev
Sofia exchange REIT index ties all-time high, SOFIX regains ground Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), April 10 (SeeNews) - The Bulgarian Stock Exchange blue-chip SOFIX index posted its sharpest increase since March 29, gaining 1.17% to 583.32 points on Wednesday, while the BGREIT index posted a massive 3.24% rise, tying its all-time high of 121.26 points.

The BGREIT, which tracks real estate investment trusts, was boosted by a 17.73% jump in the share price of CCB Real Estate Fund's [BUL:5CK] share price. Other major gainers were Super Borovets Property Fund REIT [BUL:6SB] and Balkan and Sea Properties REIT [BUL:5H4], which added 3.64% and 3.13%, respectively.

The rise of SOFIX was supported by a 10.22% increase in the share price of diversified group Holding Varna [BUL:5V2], which bounced back from a 5.58% drop on Tuesday. 

The other major blue-chip gainer on Wednesday was financial and insurance group Eurohold Bulgaria [BUL:4EH], which added 4.32% to 1.93 levs.

The SOFIX index lost 1.15% in the preceding trading session amid a red wave on European exchanges, prompted by a possible escalation in US - EU trade tensions.

The BGBX40, which tracks the 40 most traded shares on the Sofia bourse, added 0.90% to 116.10 points, while the BGTR30, in which companies with a free float of at least 10% have equal weight, gained 0.77% to 506.43 points.

Total regulated market trading turnover fell to 455,000 levs ($262,000/233,000 euro) on Wednesday from 1.15 million levs on Tuesday.

(1 euro = 1.95583 levs)