reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 June 2025
The Bulgarian equity market traded on a positive note throughout Tuesday’s session and the major indexes settled with gains in range between 0.09% and 0.21% while BGREIT (220.06, -0.21%) was an exception once again, following Advance Terrafund’s (ATER, BGN 2.80) slip by 1.06%. The positive bias came from names like Sirma Group (SGH, BGN 1.41, +2.92%), Eleven Capital (11C, BGN 15.50, +2.65%) and Chimimport (CHIM, BGN 0.71, +3.65%). The volumes remained low compared to 3-month average as the inves...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 June 2025
The Bulgarian equity market saw some sharp moves in the first day of the week but finally the main indexes finished with losses as the exception was BGREIT (220.53, +0.21%) supported by Advance Terrafund (ATER, BGN 2.83, +1.07%). The tech sector, represented by Shelly (SLYG, EUR 49.10, -2.19%), Wiser Technologies (WISR, BGN 5.25, -2.78%) and Sirma Group (SGH, BGN 1.37, -1.44%) met some profit taking action from the retail. The daily volumes barely reached 60% of the 3-months average though the t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 June - 20 June 2025
The Bulgarian stock market did not manage to find support during the past week and indexes finished the week mainly on the red side, as the benchmark SOFIX (1007.57, +0.1%) was the only one in green. Three index members – Shelly Group (SLYG, EUR 50.20, +5.7%), Wiser (WISR, BGN 5.40, +1.9%) and Sopharma Trading (SFT, BGN 5.80, +0.9%) were on the top of the gainers within our list of selected securities. On the other side, Speedy (SPDY, BGN 190.00, -5.0%) and Alcomet (ALCM, BGN 5.95, -4.8%) lost t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 June 2025
The major indexes finished the week mixed as no conviction was seen from either buyers or sellers. The heavy members Shelly (SLYG, EUR 50.20, -1.18%) weighed on SOFIX (1007.57, -0.22%), and the benchmark index registered a loss despite the equilibrium in the advancer-decliner line, while Neochim (NEOH, BGN 23.00, +8.49%) boosted the broad indexes and BGTR30 (931.71) registered a 0.20% gain. The activity was moderate and the turnover within the SOFIX covered the 3-month average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 June 2025
SOFIX (999.39, +0.58%) closed a few ticks away from the psychological level of 1000, something we haven’t witnessed since 2008. The excellent Q1 financial results raised Doverie United Holding (DUH, BGN 9.00, +3.45%) while Sirma Group Holding (SGH, BGN 1.46, +2.10%) jumped on the back of buy-back buying power. Ex-dividend date weighed on Advance Terrafund (ATER, BGN 2.92, -2.01%) while Smart Organic (SO, BGN 31.20, -2.50%) and First Investment Bank (FIB, BGN 5.10, -1.54%) suffered from small spe...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 May - 23 May 2025
The Bulgarian stocks marked a positive week, while the global markets suffered pullbacks and volatility, as new threats were tapping the brakes on investor optimism. The local benchmark SOFIX added 2.6% to settle at 981.32 and the broader BGBX40 (183.32, +1.7%) and BGTR30 (922.11, +2.6%) moved similar. Three SOFIX members were the top gainers in our list of selected securities – the technology blue chips Sirma Group Holding (SGH, BGN 1.43, +19.2%) and Wiser Technologies (WISR, BGN 5.35, +7.4%) a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 May 2025
SOFIX (987.54, -0.83%) lost altitude as most index members closed in the red zone on Wednesday. Smart Organic (SO, BGN 31,00, -3.13%), Shelly (SLYG, BGN 45,00, -2.17%) and Bulgarian Stock Exchange (BSE, BGN 9.10, -2.15%) suffered from selling pressure and weighed on the main index. Doverie United Holding (DUH, BGN 8.68, +0.23%) was the only SOFIX member that closed positive but registered insignificant daily turnover. BGREIT (219.07, -0.97%) also stepped bаck, reflecting the drop of Sopharma Bui...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 May 2025
The Bulgarian equity market finished a volatile session on firmly higher note with SOFIX (995.81, +1.45%) on its way to 1000 points, followed by BGBX40 (185.17, +1.01%) and BGTR30 (926.39, +0.46%) in the first trading day of the week. Bulgarian Stock Exchange (BSE, BGN 9.30, +8.14%), Shelly (SLYG, EUR 46.00, +5.99%) and Sopharma (SFA, BGN 6.68, +2.14%) began on a high note and steady added to their gains as the session carried on, though Sirma Group (SGH, BGN 1.40) and Smart Organic (SO, BGN 32....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 May 2025
The Bulgarian equity market had another strong showing on Wednesday and continued its upside trend, building on recent gains. The major indexes endured significant positive actions on broad base and advanced in range between 0.31% and 1.21%. The upside bias was supported by large cap names - First Investment Bank (FIB, BGN 5.24, +4.80%), Smart Organic (SO, BGN 33.80, +2.42%), Doverie (DUH, BGN 8.50, +2.66%) as Sirma Group (SGH, BGN 1.43, +13.49%) stepped in front of this list after a significant...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 May 2025
The major indexes closed near session highs on Wednesday, reflecting the continuous buying interest in Bulgarian Stock Exchange (BSE, BGN 8.60, +3.61%), Sirma Group (SGH, BGN 1.26, +4.13%) and Smart Organic (SO, BGN 33.00, +3.13%). First Investment Bank (FIB, BGN 5.00) attracted more investors after the announcement of additional items to be voted on the GSM and led the gainers with 13.64% advance, revealing the investors optimism about some key phrases in the proposal. Doverie (DUH, BGN 8.28, -...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 12 May - 16 May 2025
The local stock market gained some steam last week and ended on a positive note, ranging from 0.8% to 3.2%. The benchmark SOFIX added 3.2% to settle at 956.86, strongly supported by the renewed buying interest in high-tech blue chip Shelly Group (SLYG, EUR 42.80, +17.3%). The share became the weekly top gainer within our list of selected companies, followed by the less interesting Industrial Capital Holding (HIKA, BGN 2.56, +4.9%) and Monbat (MONB, BGN 2.60, +4.0%). On the other side, Speedy (SP...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 May 2025
Key names like First Investment Bank (FIB, BGN 4.37, -5.41%), Doverie (DUH, BGN 8.62, -2.27%) and Chimimport (CHIM, BGN 0.695, -2.11%) met some selling pressure on Friday and influenced the daily outcome of the major indexes. SOFIX (956.86) slipped the most, interrupting 9-session winning trend with 0.49% loss, while BGBX40 (180.32, -0.25%) and BGTR30 (898.68, -0.44%) partly balanced with the positive price actions of Eleven Capital (11C, BGN 14.80, +8.03%) and Bulgarian Stock Exchange (BSE, BGN...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 May 2025
The Bulgarian stocks ended the week with no clear direction, as the leading local benchmark SOFIX lost 0.14% to close at 885.75. Trades with Advance Terrafund (ATER, BGN 3.02, -0.66%) formed more than half of SOFIX turnover, which pushed it above the 3-month average numbers. The top daily gainers within the benchmark were Doverie United Holding (DUH, BGN 8.24, +2.74 %), Bulgarian Stock Exchange (BSE, BGN 7.85, +2.61%) and Chimimport (CHIM, BGN 0.705, +2.17%). The high-tech blue chip Shelly Group...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 April 2025
The Bulgarian equity market continued to be sluggish and the main indexed finished with small changes on Wednesday. Shelly (SLYG, EUR 33.70, +1.81%) and First Investment Bank (FIB, BGN 3.98, +1.53%) supported the indexes with moderate buying interest, while Eleven Capital (11C, BGN 13.00, -5.80%) and Agria Group (AGH, BGN 21.60, -3.57%) took over some sell pressure and placed BGTR30 (868.18, -0.36%) on negative territory. The volumes remained low as the trading activity was poor, though block tr...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 April - 24 April 2025
The Bulgarian stocks ended the week with no clear direction, while the world equity markets recorded a relief rally, easing some of the growing tension over the past months and moving away from extreme pessimism. The leading local benchmark SOFIX added 0.3% to settle at 888.88, as all other major indexes kept to wider range from -0.2% to 0.8%. The industrial M+S Hydraulic (MSH, BGN 9.6, +4.9%) and the SOFIX member Sirma Group Holding (SGH, BGN 1.09, +3.8%) were on the top of the gainers in our l...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 April 2025
The investors on the Bulgarian stock exchange remained in the “wait and see” mood and light volume trades defined the positive outcome for the main indexes. SOFIX (888.88) won 0.31%, led by the sharp move of Smart Organic (SO, BGN 30.40, +7.04%) and Bulgarian Stock Exchange (BSE, BGN 7.65, +1.32%). BGREIT (214.31, -0.15%) alone booked a loss as the negative price actions in Advance Terrafund (ATER, BGN 3.06, -1.29%) reflected on the REIT index. Trading activity was poor and the volumes continued...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 April 2025
The trading activity on the Bulgarian equity market continued to shrink with the uprising of the temperature, though the main indexes increased in range between 0.12% and 0.24%. SOFIX (886.17, +0.24%) was leading the way, fuelled by the tech companies and the real estate sector. Wiser Technologies (WISR, BGN 4.68, +2.63%) and Sirma (SGH, BGN 1.09, +1.87%) led the gainers, while the investors’ focus was on Smart Organic (SO, BGN 28.40, +0.71%), awaiting the release of the Q1 2025 financial data, ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 April 2025
The Bulgarian equity market had a quiet start of the short week with less enthusiasm and poor trading activity. Neochim (NEOH, BGN 24.60, +5.13%), Sirma (SGH, BGN 1.08, +2.86%) and Smart Organic (SO, BGN 28.00, +1.45) were the leading names among gainers, though all major indexes settled on the negative side – SOFIX (880.53%, -0.60%) , BGBX40 (169.12, -0.49%) , BGTR30 (864.88, -0.11%) and BGREIT (214.10, -0.25%), as the negative price actions in First Investment Bank (FIB, BGN 3.80, -6.40%), Syn...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 April 2025
Opposite and very rapid moves of index members set SOFIX (902.65, -0.06%) almost unchanged on Wednesday. Doverie United Holding (DUH, BGN 8.10, +1.25%) jumped to BGN 8.36 in the early trading session but profit taking pull back the holding at the end of the day. Speculative trades lifted Sirma Group Holding (SGH, BGN 1.11, +1.83%) with insignificant daily turnover while Eurohold (EUBG, BGN 1.90, -0.52%) registered block trade with 114K shares. Chimimport (CHIM, BGN 0.735, -2.00%) and First Inves...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 March 2025
Positive sentiment on Friday raised SOFIX by 0.80% to 910.69, a level we haven’t seen since 2008. Eurohold (EUBG, BGN 1.94, +2.11%), First Investment Bank (FIB, BGN 4.08, +2.00%) and Shelly Group (SLYG, EUR 37.90, +1.61%) led the daily gainers with moderate daily volume. Negative impact on the main index came from Sirma Group Holding (SGH, BGN 1.10, -0.90%) and Wiser (WISR, BGN 4.90, -0.81%). BGBX40 (173.89, +0.56%) also registered green session on the back of Industrial Capital Holding (HIKA, B...
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