Report
Mihail Dimitrov ...
  • Veselin Radoychev Please Change Surname

Weekly bulletin - 6 April - 9 April 2026

The Bulgarian equity market delivered a relatively calm and subdued performance during the holiday-shortened week, as investors largely chose to remain on the sidelines, refraining from strong, market-driven actions. This lack of enthusiasm was evident across the board and the benchmark SOFIX index edged slightly higher, gaining 0.3% to close at 1 223.17 points. Similarly, the broader indices showed only marginal movements. The extended BGBX40 rose modestly to 211.20 points (+0.2%), while the BGTR30 slipped slightly to 1 029.23 points (-0.1%), both maintaining a relatively tight trading range throughout the week. Among the companies we track, the top weekly performer was SOFIX constituent Chimimport (CHIM, EUR 0.47), which advanced by an impressive 13.5%. It was followed by poultry producer Gradus (GR6, EUR 0.60), up 7.1%, and Shelly Group (SLYG, EUR 55.40), which gained 6.5%. On the downside, Trace Group Hold (T57, EUR 3.20) led the decliners with a drop of 7.5%, followed by benchmark member Eurohold Bulgaria (EUBG, EUR 1.02), which fell by 6.4%. As expected, the shortened trading week, combined with the absence of some market participants, weighed heavily on overall market activity. Both turnover (-56.7% YTD) and trading volumes (-94.2%) came in significantly below typical levels, highlighting the subdued investor engagement during the period.
Underlyings
Advance Terrafund REIT

Provider
First Financial Brokerage House
First Financial Brokerage House

First Financial Brokerage House (FFBH) is a leading non-banking financial institution on the Bulgarian capital market. Founded in 1991, FFBH offers the complete spectrum of investment banking services spanning corporate finance, privatisation advisory, mergers and acquisitions, financial consulting, brokerage services, research & analysis and asset management.

FFBH provides its services mainly to major international banks and corporations seeking investment in Bulgaria. FFBH is not only local contractor and partner to its clients but also an information source and provider for all major news and events in the economic and political life of the country.

We are the main contact point for the large majority of foreign and local institutional investors in the Bulgarian equity market. FFBH is providing access to the Bulgarian Stock Exchange by either its highly experienced sales trading desk or by order routing across the Bloomberg network.

Additionally, FFBH is offering a range of tools, specifically tailored for the retail investor. Both domestic and international markets are only a click away, via electronic trading solutions. As a major advantage, our customers are able to benefit from the broad range of Analysis & Research products with premium quality, provided by our team of dedicated analysts.

Clients of our research products are most of the largest foreign and local institutional investors looking for opportunities in Bulgaria. More than 100 investment banks, investment funds and other institutional investors use our Equity research and Economic review on a regular basis. FFBH’s Morning Bulletin and Weekly Bulletin reach more than 300 clients over different countries and continents.

Our major Research and Analysis Services include:

  • Semi-Annual Outlook of the Bulgarian economy and the domestic capital markets;
  • Equity analyses of the biggest and/or most liquid companies listed on Bulgarian Stock Exchange - Sofia;
  • Quarterly Bulgarian Real Estate sector and REITs overview;
  • Quarterly Bulgarian Banking System overview;
  • Quarterly macroeconomic overeview, with details on the major economic sectors, commentaries, and statistical indicators;
  • Daily and Weekly bulletins, including an overview of the capital markets and the most important macroeconomic & corporate events.

Analysts
Mihail Dimitrov

Veselin Radoychev Please Change Surname

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