reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 August 2024
It was a downbeat day on Tuesday and the major indexes lost in range between 0.93% to 0.39%. The negative price actions were driven by consolidated activity after the registration of new 15-year highs by the indexes on Monday. SOFIX (864.88) slipped the most by 0.93%, led by M+S Hydraulic (MSH, BGN 9.00, -5.26%), Bulgarian Stock Exchange (BSE, BGN 8.00, -4.76%) and Central Cooperative Bank (CCB, BGN 1.68, -2.33%) losses. Volume was traditionally for the season below-average again as only the blo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 August 2024
Summer vacations, poor liquidity, and the absence of corporate news made room for speculative moves. Huge opposite moves set SOFIX at 871.43 (+0.31%) despite the drop of Agria (AGH, BGN 19.50, -4.41%) and Bulgarian Real Estate Fund (BREF, BGN 3.06, -1.29%). Central Cooperative Bank (CCB, BGN 1.83, +8.28%), Chimimport (CHIM, BGN 0.78, +4.00%) and Bulgarian Stock Exchange (BSE, BGN 7.90, +3.95%) moved North without any corporate news or other relevant information. BGBX40 170.91 (+0.12%) and BGTR30...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 6 August 2024
The negative sentiment on world equity markets made a crucial impact on Bulgarian stock exchange on Monday. SOFIX (830.90) lost 4.11% reflecting the plunge of almost all index members. Shelly (SLYG, EUR 33.40, -10.22%) dropped the most, followed by Chimimport (CHIM, BGN 0.70, -7.89%), Sirma Group Holding (SGH, BGN 1.04, -6.31%) and Agria (AGH, BGN 19.60, -6.22%). Selling pressure spread among all other indexes and BGBX40 (164.83) lost 3.06% while BGTR30 closed at 842.37 (-2.31%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 July 2024
Positive start of the week raised SOFIX to 864.29 (+0.24%). Poor liquidity and big bid/ask spreads allowed huge fluctuations without significant daily volume. Shelly Group (SLYG, BGN 37.60, +3.87%) and Chimimport (CHIM, BGN 0.765, +2.00%) rose without corporate news while small speculative trades pushed down Doverie United Holding (DUH, BGN 8.50, -1.85%), Eurohold (EUBG, BGN 1.49, -1.32%) and Sirma Group Holding (SGH, BGN 1.14, -0.87%). Bulgarian Real Estate Fund (BREF, BGN 2.64, +0.76%) offset ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 July - 26 July 2024
The Bulgarian stock market ended the week mixed, lacking investor interest in the middle of the summer and trying to digest the outgoing corporate earnings data for the first half of the year. The benchmark SOFIX retreated 0.3% to settle at 862.25, while the broader ones - BGBX40 (169.60, -0.1%), BGTR30 (863.45, +0.6%) performed in opposite directions. The weekly volume (-66.8%) showed weak performance while the turnover (+46.6%) was pushed up by intense trade with bonds and generally illiquid n...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 July 2024
SOFIX (862.25, -0.23%) closed negative on Friday reflecting the drop of M+S Hydraulic (MSH, BGN 10.00, -4.76%), Bulgarian Stock Exchange (BSE, BGN 7.50, -2.60%) and Chimimport (CHIM, BGN 0.75, -1.96%). Speculative trades raised First Investment Bank (FIB, BGN 4.90, +2.51%) while block trades pushed Doverie United Holding (DUH, BGN 8.66, +0.70%). The heavy member Advance Terrafund (ATER, BGN 3.22, -0.31%) and Bulgarian Real Estate Fund (BREF, BGN 2.62, -0.76%) weighed on BGREIT and the index clos...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 July 2024
SOFIX (864.25, +0.17%) closed slightly positive despite huge opposite moves of index members on Thursday. Chimimport (CHIM, BGN 0.765, +5.52%), M+S Hydraulic (MCH, BGN 10.50, +3.96%) and First Investment Bank (FIB, BGN 4.78, +1.70%) led the daily gainers while Shelly Group (SLYG, EUR 36.00, -4.51%) and Elana Agrocredit (EAC, BGN 1.08, -0.92%) slumped with moderate daily volume. Advance Terrafund (ATER, BGN 3.23, +0.94%) advanced on the ground of small volume and BGREIT (192.86, +0.18%) closed on...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 July 2024
Speculative trades dominated the trading session on Wednesday. SOFIX (862.82) added 0.22% on the wings of First Investment Bank (FIB, BGN 4.70, +4.44%), Shelly Group (SLYG, BGN 37.70, +1.89%) and Bulgarian Stock Exchange (BSE, BGN 7.70, +1.99%). Chimimport (CHIM, BGN 0.725, -2.03%), Sopharma (SFA, BGN 5.80, -1.69%) and Eurohold (EUBG, BGN 1.50, -0.66) pulled back the main index on the ground of poor daily volume.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 1 July - 5 July 2024
The first week of the second half of the year expectedly was under the summer flag with poor trading activity, which settled the main indexes with small changes on both side of the surface. SOFIX (852.60) built on 0.6% gain and registered 11.4% advance from the beginning of the year, driven mostly by the uplift of Sirma Group Holding (SGH, BGN 1.11, +11.0%), Agria Group Holding (AGH, BGN 20.50, +2.5%) and Eurohold Bulgaria (EUBG, BGN 1.54, +2.7%). The turnover remained the same compared to the a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 July 2024
The trading activity was weak on the first day of the second half of the year, reflecting on mixed performance for the main indexes. SOFIX (849.68) outperformed by 0.24% supported by the gain of Bulgarian Stock Exchange (BSE, BGN 7.80) by 5.38% after the capital increase procedure with internal funds finished and advance of Sirma Group (SGH, BGN 1.04, +4.00%), which continued its midterm uptrend. The volumes, on the other hand, remained low and the turnover barely reached 16% from the 3-months a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 17 June - 21 June 2024
The Bulgarian stock market edged lower last week, as investors remained cautious and approaching summer season lowered the investors’ activity. The leading local index SOFIX lost 0.5% to close at 848.99, as the broad ones – BGBX40 (169.28, -0.7%), BGTR30 (850.96, -0.4%) performed as the benchmark. Declining stocks outnumbered the rising ones in our list of selected companies by 15 to 7, 7 ended unchanged. The weekly top three gainers within the list were all SOFIX members – Sirma Group Holding (...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 June 2024
The market exhibited mixed action on Friday as the participants took profit from outperformed names and switched into names with positive news. SOFIX (848.99, -0.35%) reflected a slight negative slip following the continuing downtrend of Shelly Group (SLYG, BGN 69.00, -0.86%) combined with the deepen losses of M+S Hydraulic (MSH, BGN 10.00, -2.91%) and Central Cooperative Bank (CCB, BGN 1.60, -3.03%). The lack of conviction on both sides in this session left the volumes below the 15-days average...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 10 June - 14 June 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX lost 1% to settle at 853.13. The broader BGBX40 (169.48, -0.70%) and BGTR30 (854.30, +0.20%) performed in different directions, while BGREIT (190.42, +1.20%) gained the most. The decliners outnumbered the advancing stocks in our list of selected companies by 15-to-10 as the top performers were SOFIX member Agria Group (AGH, BGN 21.60, +7.5%) and Gradus (GR6, BGN 1.50, +5.6%). On the negative side the list of ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 14 June 2024
Sopharma Buildings REIT (SFB, BGN 15.40, +25.20%) significantly impacted BGREIT (190.71, +1.21%) and BGTR30 (853.18, +0.19%) and both indexes registered some gains, but market breadth was negative on the broad base and SOFIX (854.66, -0.13%) and BGBX40 (169.75, -0.15%) closed with losses. Decliners led advancers roughly by 7-to-4 margin as the solid gains in Eurohold (EUBG, BGN 1.56, +3.31%) and Central Cooperative Bank (CCB, BGN 1.67, +3.09%) on low volumes were not enough to offset the downsid...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 June 2024
The equities on BSE experienced mixed actions on the first session of the new month. SOFIX (865.44, +0.01%) remained almost unchanged and BGBX40 (170.91, -0.65%) settled lower, while the BGTR30 logged 0.09% gain. The advances of Chimimport (CHIM, BGN 0.73, +2.10%) and Eurohold (EUBG, BGN 1.56, +2.63%) limited the downside moves of M+S Hydraulic (MSH, BGN 10.30, -4.63%) and Synergon Holding (SNRG, BGN 1.10, -9.09%) in the major indexes. The start of the capital increase of Smart Organic (SO, BGN ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 May 2024
The major indexes closed with losses, reflecting the moderate activity of retails on Tuesday. SOFIX (863.60) fell 0.35%, while the broad indexes BGBX40 (171.72) and BGTR30 (851.69) took some advantage from Bianor Holding’s (BNR, BGN 5.30, +6.00%) and Billboard’s (BBRD, BGN 0.48, +15.38%) gains and decreased by 0.20% and 0.13% respectively. The volumes remained moderate as the turnover reached 69% of its 3-month average, mainly reflecting the Eurohold (EUBG, BGN 1.58, +0.64%) trading.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 May - 17 May 2024
The enthusiasm on the Bulgarian market continued during the past week, as all major indexes advanced and investors kept the positive sentiment in some particular positions. The local benchmark SOFIX added 2.1% to settle at 855.96 – new 15-years record high, reflecting good performance of some of the index members like members First Investment Bank (FIB, BGN 4.36, +12.4%) and Agria Group Holding (AGH, BGN 23.00, +12.7%). Other major indexes also finished on the positive side, on the ground of mod...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 May 2024
SOFIX (855.96) closed at a new 15-years record high with 0.77% gain on Friday, while the broad indexes underperformed the benchmark but also settled on the positive side – BGBX40 (171.12, +0.74%) and BGTR30 (857.79, +0.59%). Friday’s price action followed the positive sentiment from previous sessions and aside from the financial sector, represented by Doverie (DUH, BGN 9.10, +2.71%) and Chimimport (CHIM, BGN 0.735, +2.08%), which lately lead the major indexes, the high tech sector – Sirma Group ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 May 2024
The major indexes returned into record territory on Thursday, almost recovering previous day losses. SOFIX (849.40) was up 0.37%, a thick below its 15-years high, although the participants were lacking conviction as only the late hour trades defined the positive outcome. BGTR30 (852.78) outperformed with 0.52% gain while BGBX40 (169.87) showed a 0.35% increase, despite the additionally support by Eleven Capital (11C, BGN 16.70, +7.05%) and Alcomet (ALCM, BGN 7.40, +7.25%). The volumes surged sig...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 May 2024
The Bulgarian equity market retreated from record highs on Wednesday as investors engaged in a little profit ahead of upcoming shareholders meetings. SOFIX (846.30) touched a new 15-year record high early in the session, but finally settled 0.33% below, reflecting volatile moves in the financial sector during the day, represented by First Investment Bank (FIB, BGN 4.34, -6.87%), Central Cooperative Bank (CCB, BGN 1.69, -2.31%) and Doverie (DUH, BGN 8.90, -2.63%). The volumes decreased significan...
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