The moderate performance revealed by Q4’17 reports published in the end of February did not support local indexes and most of them finished on the negative side last week. SOFIX lost 0.6% after few of the heaviest names in the index lost ground – Albena (-4.1%), Chimimport (-3.4%) and Neochim (-1.3%). The liquidity slightly decreased and bid/ask spreads widened thus creating bigger fluctuations during the week. We expect in the beginning of the current week the index committee of the stock exchange to announce changes of the members of the local indexes as it’s the end of 6M rebalancing period of the year. The best bet within SOFIX area is Neochim to leave the index, while Trace could take its place in the next few days.
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:
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