The participants in the Bulgarian equity market started the week on a cautious note, leading to thinner order books. SOFIX (1 237.82, -0.47%) faced resistance at its 100-day moving average, with seven out of its fifteen constituents closing in negative territory. Wiser Technology (WISR, EUR 2.06, -1.90%) and Sopharma (SFA, EUR 1.72, -1.71%) led the declines. Meanwhile, light-volume gains in Eleven Capital (11C, EUR 7.60, +3.54%) and Bulgarian Real Estate Fund (BREF, EUR 2.55, +2.41%), alongside ...
HEADLINES: • Orlen: announces updated budget for the New Chemistry Project NEUTRAL • PGE: full 4Q25 results in line with the preliminaries NEUTRAL • VIGO Photonics: 1Q26 sales down 12.5% yoy, to PLN 19.3m NEGATIVE • Budimex: 1Q26E preview – harsh winter weighs on results (due on 6 May)
Wednesday’s session was marked by heightened volatility, with trading occurring across widened bid-ask spreads and volumes falling below the 3-month average. Shelly Group (SLYG, EUR 52.20, +3.16%) and Wiser Technology (WISR, EUR 2.16, +2.86%) provided support to SOFIX (1 220.42, +0.02%), which managed to close marginally in positive territory. On the downside, Central Cooperative Bank (CCB, EUR 1.71, -4.47%), Elana Agrocredit (EAC, EUR 0.53, -2.75%), and First Investment Bank (FIB, EUR 3.10, -2....
EME Equity Market – March 2026 All indices decline, with Greek ASE posting the steepest loss. The MSCI EM Europe Index fell 8.0% mom in EUR terms and 10.8% mom in USD terms in March. The Greek ASE was the worst performer (-9.3% mom); followed by the Czech PX (-6.7% mom); the Hungarian BUX (-6.2% mom); the Turkish ISE30 (-5.1% mom); and the Polish WIG20 (-4.5% mom; all in EUR terms). The Romanian BET proved the most resilient, declining just 1.2% mom, in EUR terms.
HEADLINES: • Asseco Poland: 4Q25 review – net profit up 4.5x yoy, in line with the consensus; 2026 backlog up 19% yoy NEUTRAL • DataWalk: actual 4Q25 numbers fully in line with preliminaries NEUTRAL • Kety: preliminary 1Q26 EBITDA and net profit above our expectations POSITIVE • PGE: decent 4Q25 preliminary results (adjusted recurring EBITDA 17% above expectations), distorted by one-offs POSITIVE • Tauron: 4Q25 conference call takeaways NEUTRAL • Wirtualna Polska: announces tender to acquire own...
Enormous opposite moves of index members lowered SOFIX to 1 213.31 (-0.21%) on Monday. The selling pressure weighed on Central Cooperative Bank (CCB, EUR 1.71, -2.29%) and Shelly (SLYG, EUR 49.80, -1.58%) while Wiser (WISR, EUR 2.10, -4.55%), Chimimport (CHIM, EUR 0.438, -2.23%) and Sopharma (SFA, EUR 1.75, -1.41%) lost altitude without significant daily volume. Sirma Group Holding (SGH, EUR 0.96, +6.67%), Doverie United Holding (DUH, EUR 5.90, +1.72%) and First Investment Bank (FIB, EUR 3.14, +...
SOFIX (1 203.76, -0.65%) closed negative as Wiser (WISR, EUR 2.10, +3.96%) was the only index members in the green zone on Tuesday. Shelly (SLYG, EUR 50.20, -3.46%) suffered from huge selling pressure while Elana Agrocredit (EAC, EUR 0.535, -1.83%), Sirma Group Holding (SIRM, EUR 0.90, -1.10%) and Advance Terrafund (ATER, EUR 1.35, -0.74%) lost altitude without significant daily volume. BGBX40 (207.06, -0.53%) slipped reflecting the drop of Gradus (GR6, EUR 0.50, -9.09%) and Eleven Capital (11C,...
The Bulgarian stock market continued its downward trajectory over the past week, with all major indices closing firmly in negative territory. The benchmark SOFIX index declined by 3.2%, ending the week at 1 210.32 points. Broader indices followed a similar trend: the BGBX40 fell by 2.6% to 208.17 points, while the equally weighted BGTR30 index dropped 2.2%, finishing at 1 025.31 points. The sector-specific BGREIT index proved relatively more resilient, slipping by a modest 1.4% to 226.68 points....
Quite opposite move of SOFIX (1 210.32, 0.00%) members fixed the main index unchanged on Friday. The jump of Sirma Group Holding (SIRM, EUR 0.915, +3.39%), First Investment Bank (FIB, EUR 3.16, +2.27%) and Sopharma (SFA, EUR 1.715, +2.08%) fully offset the drop of Eurohold (EUBG, EUR 1.03, -6.36%) and Wiser (WISR, EUR, 2.10, -1.87%). The trading session was highlighted by the transfer of 100.8m shares of Gradus (GR6, EUR 0.55, +27.91%) representing 40.9% of the company. BGBX40 (208.17, +0.46%) c...
HEADLINES: • Ignitis Group: steady as she goes (stays BUY) • Zabka: beat in 4Q25; FY26E guidance of continued rapid expansion and stable profitability POSITIVE • CD Projekt: 4Q25 results review – beat related to other operating income and income tax POSITIVE • Inter Cars: 4Q25E preview – 16% yoy EBITDA growth expected (due on 28 April) • LPP: 4Q25E results preview – 32% yoy EBITDA growth expected (due on 26 March) NEUTRAL • Doosan Skoda Power: 4Q25 above our expectations, backlog in line, materi...
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