reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 6 June 2025
SOFIX (1 006.43, -0.33%) retreated on Thursday with heavy selling side. Nine out of fifteen index members closed in the red zone while only Sopharma (SFA, BGN 6.58, +1.23%) finished the day positive. The tech companies weighed the most on the main index as Wiser (WISR, BGN 5.30, - 2.75%) and Sirma Group Holding (SGH, BGN 1.45, -1.36%) faced huge selling pressure. Sellers of Bulgarian Stock Exchange (BSE, BGN 9.50, -2.06%) didn’t find adequate demand and also slipped on the ground of moderate dai...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 June 2025
For a third consecutive trading session SOFIX (1007.26, +0.79%) gained altitude and crossed the resistant level of 1000. Sirma Group Holding (SGH, BGN 1.54, +5.48%) and Shelly (SLYG, BGN 46.90, +2.96%) flew over the day while the most traded name Sopharma (SFA, BGN 6.76, +0.30%) moved slightly North registering a few block trades. Advance Terrafund (ATER, BGN 2.90, -0.68%) and Bulgarian Stock Exchange (BSE, BGN 9.50, -0.52%) booked negative trading days and slipped with insignificant daily volum...
- 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
Morning Bulletin - 30 May 2025
Thursday session had a positive bias on Bulgarian Stock Exchange as the A-D line favoured the advancers in all major indexes. The buying activity was modest but on a broad base as Sirma Group (SGH, BGN 1.43, +4.38%), Bulgarian Stock Exchange (BSE, BGN 9.40, +3.30%), Sopharma Trading (SFT, BGN 5.80, +2.65%) and Compensatory Instruments (BLKD, BGN 0.424, +3.41%) led the movers. SOFIX (993.65) almost erased previous session losses by registering 0.62% gain, while the broad indexes BGBX40 (185.16, +...
- 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 - 20 May 2025
The Bulgarian equities climbed in the first day of the week and returned to the positive trend with moderate widely based trading activity. All major indexes closed with gains in range between 0.06% and 0.33% as BGBX40 (180.91) ended on the top of the list. The buying interest in Bulgarian Stock Exchange (BSE, BGN 8.30, +2.47%) after the announcement of the shareholders agenda and Shelly Group (SLYG, EUR 43.50, +1.64%) attracted more investors in names like Neochim (NEOH, BGN 23.20, +2.65%), Ele...
- 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
Weekly bulletin - 5 May - 9 May 2025
The Bulgarian stock market finished the last week on an upbeat mode as world markets continued to recover from the sharp pullback during the last months. The positive sentiment pushed the benchmark SOFIX up with 3.7% to settle at 927.04, while all other major indexes closed in green, ranging from 2.8% to 0.1%. The news about starting the procedure for dual listing of Sirma Group Holding (SGH, BGN 1.21, +11.0%) put the company on the top of the gainers in our list of selected securities, followed...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 May 2025
The Bulgarian equity market had a mixed showing on Wednesday, though all major indexes registered gains in range between 0.25% and 0.66% led by the tech sector. The news about started procedure for dual listing of Sirma Group (SGH, BGN 1.17, +5.41%) attracted investors and the price quickly reached BGN 1.18 as the optimism spread out and Shelly Group (SLYG, EUR 35.20, +1.44%) met some buying interest too. The trading activity was widely based and the volumes improved significantly compared to pr...
- 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
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
Weekly bulletin - 14 April - 17 April 2025
The Bulgarian stocks marked a mixed week, as during the four trading days, the local benchmark SOFIX added 0.4% to settle at 885.82. The broader BGBX40 (169.95, +0.5%) and BGTR30 (865.83, -1.8%) ended in opposite directions. In this shortened trading week the turnover barely reached 49% of its YTD average, while block deal with one illiquid name pushed the volumes (+186.9% YTD avg.) to an unusual level. The weekly top performers within our selected companies were Trace Group Hold (T57, BGN 6.0, ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 April 2025
The Bulgarian equity market met some low-volume buying interest , which left all major indexes with additional value in the pockets on Wednesday. The positive bias came from Chimimport (CHIM, BGN 0.705, +3.68%), First Investment Bank (FIB, BGN 3.94, +3.68%) and Doverie (DUH, BGN 8.10, +2.02%) for SOFIX (887.19, +0.83%) and Neochim (NEOH, BGN 24.00, +2.56%) and Emka (EMKA, BGN 1.99, +2.05%) for the broad indexes – BGXB40 (170.28, +0.64%) and BGTR30 (868.26, +0.61%). The order book weakened and th...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 7 April - 11 April 2025
The global equity markets recouped some of the recent losses, following the mix of positive and negative headlines, but uncertainty and volatility remained worldwide. The Bulgarian stock market did not manage to find support and indexes finished the week mainly on the red side. The local benchmark SOFIX added 0.4% to settle at 882.88, while the broader BGBX40 (169.02, -0.4%) and BGTR30 (863.70, -2.1%) moved in opposite direction. SOFIX member Sirma Group Holding (SGH, BGN 1.08, +5.9%) and indust...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 10 April 2025
After the turmoil on the world markets, the Bulgarian stock exchange also registered huge fluctuations and uncertainty which set SOFIX at 873.59 (-0.58%). The US market became a casino with enormous daily fluctuations thus influencing all investors worldwide. Despite moderate financial performance Smart Organic (SO, BGN 26.80, -2.19%), Shelly (SLYG, EUR 32.80, -2.09%) and First Investment Bank (FIB, BGN 3.78, -2.58%) weighed on the main index and fully offset the positive move of Sirma Group Hol...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 April 2025
The Bulgarian equity market rebounded on Tuesday by eliminating the previous session decline and all major indexes registered gains in range between 0.39% and 1.79% with BGBX40 (168.21) on top. The positive bias came from moderate-volume trades led by Sirma (SGH, BGN 1.06, +6.00%), Smart Organic (SO, BGN 27.40, +5.38%), Wiser Technologies (WISR, BGN 4.72, +5.36%) and Sofia Commerce (SCOM, BGN 6.80, +7.94%) in widen Bid/Ask spreads. The trading activity was focused on the offer side, though the t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 April 2025
The world trade war and slowdown fear overshadowed Bulgarian equity market and the major indexes registered significant declines on Friday. SOFIX (879.39) fell by 2.56%, slipping to levels from a year ago as the decliners led the advancers by 12 to 1 margin. BGBX40 (169.68, -2.36%) and BGTR30 (863.62, -1.76%) booked losses too though the main effect came from the large cap names. The volumes were tangibly higher as the 3-months average base was multiplied within the benchmark index. Shelly (SLYG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 April 2025
Huge bid/ask spreads and absence of news fixed SOFIX (903.53, -0.79%) negative on Monday. Shelly Group (SLYG, EUR 37.30, -1.58%), Chimimport (CHIM, BGN 0.725, -2.68%) and Sopharma (SFA, BGN 5.74, -1.37%) retreated with small daily turnover. The gambling company Telematic Interactive Bulgaria (TIB, BGN 22.00, +0.92%) and Doverie United Holding (DUH, BGN 7.98, +0.25%) moved north driven by speculative trades on the last trading date of the month. BGREIT (214.08, -0.09%) also stepped back, reflecti...
Weekly bulletin - 24 March - 28 March 2025
Moderate increase of the weekly turnover did not bring significant price change as SOFIX 910.69 added 0.4% w-o-w while all the other indexes finished the week without change. Absence of corporate news and poor liquidity left a room for speculative trades with big daily fluctuations and insignificant volumes. Risk appetite raised Agria Group Holding (AGH, BGN 22.8, +5.3%) to the top place of the weekly gainers while profit taking placed Gradus (GR6, BGN 1.13, -7.4%) among the top weekly losers. N...
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