reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 January 2026
The positive sentiment on the Bulgarian Stock Exchange weakened on Thursday, pushing all major indexes into negative territory, with SOFIX (1 385.46, -1.40%) recording the steepest decline. Doverie (DUH, EUR 7.10, -8.51%) came under pronounced selling pressure, followed by Smart Organic (SO, EUR 17.20, -3.37%), Central Cooperative Bank (CCB, EUR 1.84, -3.16%), and Chimimport (CHIM, EUR 0.58, -3.33%), though trading volumes across these names remained subdued. A sharp advance in Sopharma Trading ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 December 2025
The final session of the last full trading week before year-end closed on a positive note for the Bulgarian equity market, reflecting the constructive sentiment observed in recent days. Chimimport (CHIM, BGN 0.745, +2.76%) and Sirma Group (SGH, BGN 1.86, +6.29%) contributed the most to SOFIX (1 148.45, +0.45%), which rewrote its 18-year high. Meanwhile, light-volume trades with Albena (ALB, BGN 27.60, +5.34%) and Gradus (GR6, BGN 1.09, +9.00%) drove the outperformance of the broader BGBX40 (201....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 December 2025
The Bulgarian equities inched higher on Friday, recovering most of the previous session’s losses and closing the week with modest gains. A rebound in Advance Terrafund (ATER, BGN 2.67, +1.91%) and a steady bid in Shelly Group (SLYG, EUR 56.40, +1.44%) helped to lift all major indexes, with SOFIX (1 087.77, +0.14%) leading the advance. Trading volumes were broadly unchanged from the prior session, remaining subdued for the season. Chimimport (CHIM, BGN 0.70, 0.00%) and Eurohold (EUBG, BGN 1.90, +...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 November 2025
SOFIX (1 067.06, -0.18%) closed slightly negative on the last trading day of the month as opposite move of index members offset each other. First Investment Bank (FIB, BGN 5.06, -3.44%), Smart Organic (SO, BGN 27.60, -1.43%), Sirma Group Holding (SGH, BGN 1.70, -1.16%) and Advance Terrafund (ATER, BGN 2.82, -1.05%) disappointed investors with the release of Q3 financial reports and selling pressure did not find adequate demand. Wiser (WISR, BGN 5.05, +1.81%) also reported loss in Q3 but negative...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 September 2025
The Bulgarian equity market shook off early weakness on Friday to close the week and the month on a positive note. Heavyweight Shelly Group (SLYG, EUR 55.20, -3.83%) pressured the market in early trade, but upbeat financial results lifted sentiment in Sopharma (SFA, BGN 2.65, +5.16%) and Doverie United Holding (DUH, BGN 9.30, +2.42%), helping major indexes reverse course. SOFIX (1 081.60, +0.45%) rose for a second straight session, marking another fresh 18-year high. The real estate sector also ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 July 2025
Selling pressure in key constituents Chimimport (CHIM, BGN 0.715, -2.05%) and Sopharma (SFA, BGN 2.44, -0.41%) nudged the SOFIX slightly lower by 0.03% to 1 042.97 on Wednesday. In contrast, the broader indexes outperformed, supported by gains in M+S Hydraulic (MSH, BGN 10.20, +2.51%) and Stara Planina Hold (SPH, BGN 9.30, +5.08%). The BGBX40 rose 0.21% to 192.00, while the BGTR30 added 0.19% to 951.29. Turnover remained well above average, driven in part by activity in less frequently traded st...
- 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 - 15 May 2025
The Bulgarian equity market settled mixed on Wednesday though the gainers prevailed slightly and SOFIX (941.47) booked a 0.28% gain. First Investment Bank (FIB, +2.88%) recovered to BGN 4.64 and Shelly (SLYG, EUR 39.00, +1.83%) continued its uptrend in this trading session, supporting all major indexes. Sirma Group (SGH, BGN 1.16, -3.33%) experienced less enthusiasm and weighed on the broad index BGBX40 (177.75), while the single trade with Sopharma Buildings (SFB, BGN 14.20, -5.33%) defined the...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 May 2025
Tech companies along with some financials led the Bulgarian equity market higher on the first trading day of the week and settled all major indexes on the positive side. SOFIX (938.04) closed 1.19% higher, while BGBX40 (177.66, +0.79%) and BGTR30 (892.96, +0.42%) underperformed the benchmark as the negative price actions in Neochim (NEOH, BGN 22.60, -4.24%) and Central Cooperative Bank (CCB, BGN 1.54, -1.91%) weighed on the final outcome for both broad indexes. The expectations for upcoming fina...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 May 2025
The Bulgarian stocks ended the week with no clear direction, as the leading local benchmark SOFIX lost 0.14% to close at 885.75. Trades with Advance Terrafund (ATER, BGN 3.02, -0.66%) formed more than half of SOFIX turnover, which pushed it above the 3-month average numbers. The top daily gainers within the benchmark were Doverie United Holding (DUH, BGN 8.24, +2.74 %), Bulgarian Stock Exchange (BSE, BGN 7.85, +2.61%) and Chimimport (CHIM, BGN 0.705, +2.17%). The high-tech blue chip Shelly Group...
- 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
Morning Bulletin - 31 March 2025
Positive sentiment on Friday raised SOFIX by 0.80% to 910.69, a level we haven’t seen since 2008. Eurohold (EUBG, BGN 1.94, +2.11%), First Investment Bank (FIB, BGN 4.08, +2.00%) and Shelly Group (SLYG, EUR 37.90, +1.61%) led the daily gainers with moderate daily volume. Negative impact on the main index came from Sirma Group Holding (SGH, BGN 1.10, -0.90%) and Wiser (WISR, BGN 4.90, -0.81%). BGBX40 (173.89, +0.56%) also registered green session on the back of Industrial Capital Holding (HIKA, B...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 March 2025
The Bulgarian market had a rough showing on Friday though the initial selling pressure in the early hours was replaced by more optimistic price actions at the end on the session. The major indexes settled mixed as Agria Group (AGH, BGN 20.40, -2.86%) and the heavy member Shelly Group (SLYG, EUR 37.50, -0.53%) weighed on the indexes, while M+S Hydraulic (MSH, BGN 9.35, +2.19%) and Smart Organic (SO, BGN 26.20, +2.34%) recovered the losses on the opposite side. SOFIX (904.25, -0.13%) slipped below...
- Martin Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 27 January - 31 January 2025
The Bulgarian stock market managed to end the week slightly higher on Friday, while global markets continued with the volatile performance. The local Benchmark SOFIX added 0.5% to settle at 892.36, as all the other major indexes closed up, ranging from 0.1% to 0.7%. The shares of three companies- SOFIX members were the top gainers within our list of selected names – Sirma Group Holding (SGH, BGN 1.00, +6.4%), Bulgarian Real Estate Fund (BREF, BGN 4.08, +4.1%) and Central Cooperative Bank (CCB,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 January 2025
There was some increased activity under the surface on a broad range of sectors, though the main indexes settled near previous session’s levels. Sirma Group (SGH, BGN 0.97, +2.11%) led the gainers and together with increased value of the real estate sector, settled SOFIX (891.87, +0.33%) and BGREIT (213.56, +0.11%) with gains. The widened Bid/Ask spreads accelerated the negative effect of the light-volume trades with Smart Organic (SO, BGN 23.40, -4.88%) and Stara Planina (SPH, BGN 8.65, -3.89%)...
Weekly bulletin - 20 January - 24 January 2025
All indexes on the BSE retraced during the last week with the blue-chip SOFIX falling the least (887.56, -0.3%), while the broader BGTR30 dropped the most (854.80, -0.8%). The gainers within out watchlist were led by Doverie United Holding (DUH, BGN 8.06, +3.3%), which rose on the news of record profits of its subsidiary Moldindconbank. On the other hand, Wiser Technology (WISR, BGN 4.80, -5.9%) and Neochim (NEOH, BGN 27.20, -4.2%) dropped the most. Both the volumes (+114.2% YtD average) and the...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 January 2025
A positive reaction to the latest financial data from the Moldavian Bank, the main subsidiary of Doverie (DUH, BGN 8.18, +4.87%) and increased buying interest in First Investment Bank (FIB, BGN 4.32, +1.89%) were the engine of this otherwise quiet first session of the week. The major indexes settled mixed as SOFIX (892.69) advanced by 0.27%, while BGBX40 (171.84, +0.08%) and BGTR30 (861.31, -0.05%) remained almost unchanged as the negative bias from Texim Bank (TXIM, BGN 3.60, -2.70%) and Sophar...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 December 2024
The major indexes started December with gains while BGREIT (211.60, -0.34%) reflected the negative price actions in the real estate and alone settled with losses. BGBX40 (166.82, +0.44%) reflected the investors’ focus fully with narrower base names included in the daily activity. Bulgarian Stock Exchange (BSE, BGN 8.05, +4.55%), Smart Organic (SO, BGN 21.20, +3.92%) and Telematic Interactive (TIB, BGN 22.20, +6.73%) were among top daily advancers, while Bianor Holding (BNR, BGN 5.15, -5.50%), Pe...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 December 2024
The Bulgarian market was mixed on Friday but a narrow range of names registered significant deviations in otherwise quiet session. The major indexes settled with losses as SOFIX (846.60, -0.20%) erased part of previous day gain, following the negative price actions in Agria Group (AGH, BGN 19.70, -2.48%) and First Investment Bank (FIB, BGN 3.80, -4.04%), while the BGBX40 (166.09, -0.13%) and BGTR30 (850.17, -0.03%) performed slightly better, supported by Petrol (PET, BGN 0.89, +23.61%) and Sirma...
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