reports
- 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 - 7 May - 10 May 2024
The local stock market gained steam last week and ended on a positive note, as investors kept the positive sentiment in some particular positions and supported the indexes. The local benchmark SOFIX added 3.0% to settle at 837.99, , reflecting the impressive performance of the index members First Investment Bank (FIB, BGN 3.88, +25.2%), Sirma Group Holding (SGH, BGN 0.83, +13.8%) and Chimimport (CHIM, BGN 0.76, +11.9%), that formed the top three in our list of selected companies. A total of 20 o...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 May 2024
The Bulgarian equity market ticked higher on Friday with major indexes rewriting the record highs they posted previous day. SOFIX (837.99) settled 0.61% higher as the positive sentiment seized more names on broad base, like Agria Group (AGH, BGN 20.40, +3.82%), Albena (ALB, BGN 26.80, +3.08%) and Neochim (NEOH, BGN 19.80, +7.03%). First Investment Bank (FIB, +6.01%) touched BGN 4.04 level but lately retreated to BGN 3.88 while remaining the daily mover within the benchmark. The volumes slipped s...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 April 2024
The Bulgarian equity market declined on the first day of the abrupt short week as all major indexes settled in range between negative 0.60% and negative 0.33%. The equites quickly moved lower facing the profit taking retail in First Investment Bank (FIB, BGN 2.90, -5.84%), Sirma Group (SGH, BGN 0.725, -2.68%) and Neochim (NEOH, BGN 18.80, -3.59%). The downside was short-lived as the participants were limited, which reflected in low volumes and only half of the 3-months average turnover.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 April 2024
Quit opposite moves fixed SOFIX (807.47, +0.49%) positive on the very last trading session of March. M+S Hydraulic (MSH, BGN 11.10, +6.73%), Chimimport (CHIM, BGN 0.702, +2.93%), Bulgarian Stock Exchange (BSE, BGN 15.30, +2.00%) and Central Cooperative Bank (CCB, BGN 1.53, +2.00%) jumped on the ground of moderate daily volume. Insignificant speculative trades weighed on Holding Varna (HVAR, BGN 44.00, -2.22%), Advance Terrafund (ATER, BGN 3.34, -1.18%) and Elana Agrocredit (EAC, BGN 1.08, -0.92%...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 12 February - 16 February 2024
Last week, the Bulgarian stock market was modestly higher, as most of the investors may still be feeling anxious about the markets’ perspectives this year. The leading local index SOFIX added 0.6% to close at 785.36, the broad ones BGBX40 (162.08, +0.1%) and BGTR30 (804.89, +0.3%) performed similar, while the sector specific BGREIT (189.44, -0.2%) remained in red. The weekly top performers within our list of selected companies were Doverie United Holding (DUH, BGN 9.50 +6.3%) and the industrial ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 14 February 2024
Negative start of the week pushed all indexes down. SOFIX (780.02, -0.22%) slipped under the weight of the financial sector as Chimimport (CHIM, BGN 0.714, -1.92%), Central Cooperative Bank (CCB, BGN 1.60, -1.23%) and First Investment Bank (FIB, BGN 2.60, -1.52%) lost altitude on Tuesday. BSE (BSE, BGN 14.20, -1.73%) and Shelly (SLYG, BGN 58.00, -1.69%) also suffered from selling pressure and closed negative. Expected dividend distribution by the Moldavian bank lifted Doverie (DUH, BGN 9.28, +3....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 August 2023
Bulgarian stock market ended Wednesday on a positive side, as investors activity started to improve at the end of the month. The indexes closed mixed, ranging from -0.23% to 0.70% as SOFIX (757.88) added 0.70%, supported by Neochim (NEOH, BGN 29.50, +3.15%), Doverie (DUH, BGN 8.72, +2.35%) and Eurohold (EUBG, BGN 1.74, +2.35%). And once again Shelly Group (SLYG, BGN 47.20, +0.85%) was the most traded stock forming more than 2/3 of SOFIX daily turnover and reached new all-time highs. On the other...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 June - 23 June 2023
The Bulgarian stock market followed the negative global sentiment and finished the last trading week on a red territory, as investors digested returned recession fears and official comments for further interest rate hikes ahead. At the close in Sofia the benchmark SOFIX lost 0.9% WoW to close at 678.45 as the broad BGBX40 (147.88) performed similar and dropped 1.0%. The decliners outnumbered the advancers in our list of selected companies by 16-to-10 as the worst performers were Industrial Holdi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 June 2023
The major indexes endured some volatility from large cap names on Wednesday to finish mixed as no particular news was announced lately. The daily gainers Gradus (GR6, BGN 1.48, +2.07%), Eurohold Bulgaria (EUBGN, BGN 1.89, +5.00%) and Sopharma (SFA, BGN 5.36, +1.13%) registered significant gains and prevailed the losers - Neochim (NEOH, BGN 35.00, -7.16%) and the financials, represented by First Investment Bank (FIB, BGN 2.08, -5.45%) and Central Cooperative Bank (CCB, BGN 1.51, -4.43%). Finally,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 June 2023
Wednesday’s trade was defined by weak activity and mixed performance at the index level. The renewed buying interest in Allterco (A4L, BGN 27.80, +2.21%), led SOFIX (681.64) to positive territory by 0.21%, while the volumes on half of the benchmark members remained close to 0% compared to 3-months average. Neochim (NEOH, BGN 38.70, -2.03%) and Alcomet (ALCM, BGN 8.60, -2.27%) weighed on the broad indexes BGBX40 (150.01, -0.01%) and BGTR30 (754.92, -0.08%) and both registered small declines.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 29 May - 2 June 2023
The Bulgarian stocks edged higher last week, repeating the rebound of the global markets, as investors worldwide cheered strong US economic datа and the high probability of signing the debt-ceiling bill on Saturday. The local benchmark SOFIX continued its good performance and added 1.6% to settle at 673.67. The other major indexes also finished on the positive side, on the ground of moderate-to-low liquidity. The weekly top performer within our list of selected companies was Industrial Capital H...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 June 2023
The Bulgarian stock market closed out this last day on the month on a mixed note despite that the major indexes finished on the positive side led by a few names like Sopharma Trading (SFT, BGN 6.00, +2.56%), Sirma Group (SGH, BGN 0.665, +3.10%) and M+S Hydraulic (MSH, BGN 10.10, +5.21%). The widened Bid/Ask spreads of Doverie (DUH, BGN 8.58, -2.50%) Industrial Holding Bulgaria (IHB, BGN 1.78, -2.73%) and Sofia Commerce-Pawn Brokerage (SCOM, BGN 2.98, -3.87%) caused significant volatility with lo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 May 2023
The Bulgarian equity market retreated for second day in a row on Monday as investors engaged in profit taking ahead of some uncertainty about the political future of the Bulgarian government. SOFIX (660.77, -0.39%) settled a tick lower, dragged down by Sopharma Trading (SFT, BGN 5.85, -2.50%), Central Cooperative Bank (CCB, BGN 1.40, -2.10%) and Doverie (DUH, BGN 8.42, -4.32%), whose widened Bid/Ask spread gave opportunity for increased volatility. The retail focus was on real estate funds in th...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 May 2023
Absence of corporate news fixed SOFIX at 638.54 (+0.06%) with poor volume and small price fluctuations. Allterco (A4L, BGN 22.90, 0.00%) and Doverie (DUH, BGN 8.12, -0.98%) registered 78% of the daily volume within SOFIX area while small speculative trades with Sopharma (SFA, BGN 5.84, +1.39%) fully offset the slip of First Investment Bank (FIB, BGN 2.06, -1.90%). Forthcoming dividend distribution of Emka (EMKA, BGN 4.32, +1.41%) and Sirma Group (SGH, BGN 0.66, +2.33%) attracted retail investors...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 May 2023
The short term uptrend on BSE continued for third consecutive day in a row, following the decidedly positive start of the session, which covered wide range of names. Allterco (A4L, BGN 22.60, +2.73%) and Central Cooperative Bank (CCB, BGN 1.44, +2.13%) led the gainers within the SOFIX (611.81, +0.37%), while manufacturer of electric wires Emka (EMKA, BGN 4.04, +5.21%) and the Eleven Capital (11C, BGN 19.70, +4.79%) supported the broad indexes. The daily volumes on the other hand remained low as ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 April 2023
Wednesday session was mixed as the main indexes had a lacklustre showing, spending most of the day trading right around their flat lines. Slightly increased selling pressure on Eurohold Bulgaria (EUBG, BGN 1.39, -0.71%) and Bulgarian Real Estate Fund (BREF, BGN 2.20, -1.79%) defined the daily outcome of SOFIX (616.31, -0.21%), which ended on a note down. Doverie United Holding (DUH, BGN 7.56, -0.26%) and Odessos Shiprepair Yard (ODES, BGN 185.00, 0.00%) were on focus too but no fresh news were p...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 6 March - 10 March 2023
All major indexes increased last trading week in range between 0.5% to 1.3% by adding to the last 12-month gains and resulting in SOFIX (632.75, +10.9% YoY), BGBX40 (143.78, +7.2% YoY), BGTR30 (736.83, +8.8% YoY) and BGREIT (187.74, +13.4% YoY). The weekly gainers: M+S Hydraulic (MSH, BGN 10.10, +7.4%) moved up with small trades after the positive management guidance for 18.8% YoY growth; Industrial Holding Bulgaria (IHB, BGN 1.80, +5.6%), which delivered 11.5% YoY revenue growth in 2022, but fu...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 March 2023
The Bulgarian stock market started the week positive on Monday with all major indices recording decent rises. The benchmark SOFIX gained 0.7% to settle at 629.17, mainly thanks to the solid jumps of M+S Hydraulic (MSH, BGN 10.10, +7.45%), First Investment Bank (FIB, BGN 2.40, +5.26%), and Telelink (TBS, BGN 10.25, +2.91%). Turnover remained weak, below the 3-month average data. The extended indexes BGBX40 (143.04) and BGTR30 (738.00) improved by +0.50% and +0.65% respectively, repeating SOFIX pr...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 6 March 2023
The Bulgarian market opened on a mixed note as the Q4 consolidated financial data defined the moves. SOFIX (624.35) advanced by 0.37% supported by Sopharma (SFA, BGN 5.20, +2.97%) and M+S Hydraulic (MSH, BGN 9.40, +2.17%), which gained ground on the back of small trades. The announced loss of BGN 4.75 per share in latest financials of Sirma Group (SGH, BGN 0.635) activated the sellers and the group registered 2.31% decline and along with Telematic (TBS, BGN 14.60, -2.01%) and Neochim (NEOH, BGN ...
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