Bulgarian stock exchange indexes tumbled last week, following sell-offs of both blue chips and illiquid companies. Chimimport (6C4, BGN 1.90) remained leader in turnover, registering 19% of the weekly turnover with 3.60% decrease in price. Industrial sector, led by Fazerles (4F6, BGN 20.20, -17.20%) and Alcomet (6AM, BGN 12.00, -10.40%), weighed most on indexes, as sellers were more aggressive in these companies. The bank sector remained balanced as Bulgarian American Credit Bank (5BN, BGN 5.65) ended on the positive side with 7.60% gain and higher volume than the 3-months average. BGREIT (116.50) alone finished with small increase as Bulgarian Real Estate Fund (5BU, BGN 1.91, - 0.5%) recovered in the last days of the week and pulled up the index by 0.1%.
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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