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...
The Bulgarian equity market had another strong showing on Thursday due to carryover upside momentum and recorded new 18-year high. SOFIX (961.55, +2.13%) outperformed all major indexes, while BGREIT (217.32) alone registered loss in this trading session, following Bulgarian Real Estate Fund’s (BREF, BGN 4.40, -0.45%) decline. Shelly (SLYG, EUR 43.50, +11.54%) continued to lead the gainers and the positive bias was supported by Sirma (SGH, BGN 1.21, +4.31%), Smart Organic (SO, BGN 32.40, +3.18%) ...
The Bulgarian stock market kept its positive momentum from the recent weeks and managed to end the last one on the green side as investors remained active in some particular positions like Shelly Group (SLYG, BGN 74.80, +3.8%). At the close in Sofia the benchmark SOFIX added 1.2% to settle at 866.45, while the broad ones BGBX40 (172.29, 0.7%) and BGTR30 (859.84, +0.2%) showed more modest increase. The advancers outnumbered the decliners in our list of selected companies by 11-to-10 as the top pe...
The Bulgarian equity market saw some up and down price action on Thursday, last trading session for the week, but finally settled to a fairly narrow range in negative territory. BGTR30 (859.84, -0.58%) led the downside, while SOFIX (866.45) fell 0.19%. First Investment Bank (FIB, BGN 4.20) and Agria Group (AGH, BGN 23.00) met some profit taking action and slipped by 10.64% and 2.13%, respectively, while the tech sector, represented by Sirma Group (SGH, BGN 0.91, +1.11%) and Shelly Group (SLYG, B...
All major indexes ended on negative territory on Thursday ranging from -0.88% to -0.24% as SOFIX (606.43, -0.88%) closed near its 200-days MA. The concerns around the economic future of Bulgaria after the fall of the government, reflected on the market and 8 out of 15 benchmark members declined with Eurohold (EUBG, BGN 2.08, -5.45%) and Alterco (A4L, BGN 17.65, -2.22%) leading the laggards. The volumes, on the other hand, were 44% lower than the 15-days average and showed patience regarding the ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The local indexes advanced with insignificant turnover, where SOFIX added 0.50% to 547.41. The top movers within the main index were Doverie United Holding (DUH, BGN 5.70, +2.89%) and Gradus (GR6, BGN 1.45, -2.03%), both of which booked a few low-volume trades, while there were no other notable price changes and none of the members booked significant volume. BGREIT added 0.20% to 152.88, with the increase being entirely on Bulgarian Real Estate Fund REIT (BREF, BGN 2.00, +1.01%).
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