Weekly Bulletin - 07 October - 11 October 2019
Local indexes moved in opposite directions last week with weekly turnover of 81.4% relative to the average YTD. The benchmark index SOFIX shrank 0.2% to 562.11, BGTR30 and BGBX40 came down 0.1% and 0.4% to 501.05 and 111.06, respectively, and BGREIT added 0.6% to 127.87 points. Top gainers among members of our universe were Holding Varna (5V3, BGN 39.00, +4.8%) and Eurohold Bulgaria (4EH, BGN 1.86,+3.3%), while top losers were Neochim (3NB, BGN 19.00, -12.8%) and Agria Group Holding (A72, BGN 7.15, -8.3%), where all of them moved on a few low-volume trades. Note that 60% of companies within our universe finished the week on red territory and only 23.3% of them increased in price. Most traded over the week was M+S Hydraulic (5MH, BGN 6.05, -1.6%), after a block trade for almost 66k shares took place on Monday, with which the name made up 10.2% of total weekly turnover on BSE. Next most traded was Doverie United Holding (5DOV, BGN 3.20, -1.8%), which made up only 2.6% of weekly turnover mostly on small speculative trades.
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.
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