reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulleting - 2 September 2024
The Bulgarian equity market got off to a good start on Friday but some large cap names met selling pressure and the main indexes closed the week and the month mixed. SOFIX (864.77) declined by 0.09%, led by the losses of Central Cooperative Bank (CCB, BGN 1.70, -2.30%) and Shelly Group (SLYG, BGN 35.10, -1.13%) , while the broad indexes deepened even more as Eleven Capital (11C, BGN 16.80, -3.45%) and Stara Planina (SPH, GN 9.50, -3.06%) weighed additionally. Volumes, on the other hand, were low...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 May - 17 May 2024
The enthusiasm on the Bulgarian market continued during the past week, as all major indexes advanced and investors kept the positive sentiment in some particular positions. The local benchmark SOFIX added 2.1% to settle at 855.96 – new 15-years record high, reflecting good performance of some of the index members like members First Investment Bank (FIB, BGN 4.36, +12.4%) and Agria Group Holding (AGH, BGN 23.00, +12.7%). Other major indexes also finished on the positive side, on the ground of mod...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 May 2024
The Bulgarian equity market retreated from record highs on Wednesday as investors engaged in a little profit ahead of upcoming shareholders meetings. SOFIX (846.30) touched a new 15-year record high early in the session, but finally settled 0.33% below, reflecting volatile moves in the financial sector during the day, represented by First Investment Bank (FIB, BGN 4.34, -6.87%), Central Cooperative Bank (CCB, BGN 1.69, -2.31%) and Doverie (DUH, BGN 8.90, -2.63%). The volumes decreased significan...
- 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 - 5 March 2024
All indexes closed positive before the holidays. SOFIX (793.16, +0.60%) moved North on the wings of Neochim (NEOH, BGN 22.00, +4.27%), Sopharma (SFA, BGN 6.36, +3.25%), Sopharma Trading (SFT, BGN 5.80, +3.57%) and First Investment Bank (FIB, BGN 2.86, +2.14%). Shelly (SLYG, BGN 58.60, -1.01%) and Elana Agrocredit (EAC, BGN 1.07, -0.93%) weighed on the main index but positive sentiment prevailed the sellers on Friday.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 November 2023
The major indexes closed near their lows for the day, registering declines due to weaken buying power. SOFIX (742.57) slipped the most by 0.54% as the daily movers Doverie (DUH, BGN 8.34, -2.34%) and Sopharma Trading (SFT, BGN 5.85, -2.50%) kept the direction till the end of the session. There was an underlying positive bias for Bulgarian Stock Exchange (BSE, BGN 10.85, 0.00%) after the announcement of better than expected financial results, but faded as the session progress. Finally decliners l...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 August 2023
The Bulgarian equity market started the last week of August on an upbeat note and all major indexes settled the session near their best levels of the day. The positive bias mainly came from Shelly Group (SLYG, BGN 45.10, +3.44%), which continued to rise without any particular news around the name but with significant volume. Chimimport (CHIM, BGN 0.72, +1.69%) and Central Cooperative Bank (CCB, BGN 1.60, +1.91%) supported the indexes too and lowered the negative effect from Bulgarian Stock Excha...
- 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
Weekly bulletin - 2 May - 5 May 2023
The Bulgarian stock market finished the last trading week on a positive note, balancing after the mixed financial results for the first quarter of the year. At the close in Sofia the benchmark SOFIX gained 1.1% to settle at 613.91 as the broad ones BGBX40 (140.53, +0.6%) and BGTR30 (722.36, +0.2%) also managed to stay on the green side. The weekly volume (-17.7% YTD) remained below the average numbers, while the turnover boasted a massive increase (+165.8% YTD) mainly thanks to block trades with...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 May 2023
The Bulgarian market ticked higher on Thursday with all three major indexes confirming the midterm uptrend from the last few sessions. The up moves came from small trades with Eurohold (EUBG, BGN 1.38, +3.76%) in widened Bid/Ask spread and supported by the uplift of Neochim (NEOH, BGN 37.40, +3.31%) after the proposed DPS of BGN 5. The local banks reflected the world concerns and declined after downward pressure – Central Cooperative Bank (CCB, BGN 1.40, -2.78%) and First Investment Bank (FIB, B...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 March 2023
Another sizable gain for Eurohold Bulgaria (EUBG, BGN 1.46, +4.29%) defined the outcome of SOFIX (607.58, +0.81%) on Wednesday. The positive global market mode before the FOMC meeting additionally attracted local investors and the bid side increased in depth during the session, while some small trades with Sopharma (SFA, BGN 5.20, +2.97%) and Telelink Business Services (TBS, BGN 10.30, +3.00%) on the offer side placed the names among the daily gainers. The volumes remained low and below the 15-d...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 March 2023
SOFIX 628.85 (+0.41%) closed positive on Tuesday despite the moderate liquidity and huge opposite moves of index members. Block trades with Doverie (DUH, BGN 8.00 -0.50%) represented 90% of index daily turnover without corporate news. Chimimport (CHIM, BGN 0.776, +2.11%) and Sirma Group (SGH, BGN 0.675, +2.27%) supported the main index but both of them registered insignificant daily volume. All other local indexes slightly retreated on Tuesday, predominately on the back of speculative trades.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 28 November - 2 December 2022
The Bulgarian stock market gained some steam last week and finished higher in comparison with the previous one. The leading local index SOFIX (605.43) added 1.6%, while the broad BGBX40 (138.60) and BGTR30 (728.82) closed the week with 1.2% and 1.5% gains respectively. BGREIT (182.04) performed modestly with a 0.4% WoW rise. 14 out of 29 names in our list of selected companies finished on green territory and 12 weighted on the opposite side. The top gainers were Doverie United Holding (DUH, BGN ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 December 2022
The Bulgarian stock market moved higher on Friday in a range between 0.17% and 0.60%. SOFIX (605.43) added 0.60% and recovered the mid-term uptrend by totally erasing the previous day loss and crossing the 200-days MA supported mainly by financials like Central Cooperative Bank (CCB, BGN 1.65, +5.10%) and Doverie United Holding (DUH, BGN 8.24, +2.23%). The broad indexes BGBX40 (138.60, +0.27%) and BGTR30 (728.82, +0.32%) underperformed the benchmark as Alcomet (ALCM, BGN 7.80, -4.29%) and Sirma ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 December 2022
The Bulgarian stock market closed out November on a decidedly upbeat note, following the middle term uptrend from the last week. The main indexes logged gains on Tuesday and SOFIX (603.44) was able to break above a key technical level of 600 by adding 0.80%. The market participants reacted on the released consolidated financial data of Neochim (NEOH, BGN 45.20, +5.61%) and Monbat (MONB, BGN 4.66, +3.10), confirmed the positive trend and the names surged, while Sirma Group (SGH, BGN 0.70, -3.45%)...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 5 September - 9 September 2022
Inflation fears, the lift of interest rates by the ECB and shaky world markets weighted on all local indexes last week but SOFIX (605.20) slipped the most by losing 1% WoW. Overall liquidity remained far away from the average one YTD and the market was losing buying power under the negative sentiment and panic sell-offs. It is of note that BSE’s index committee announced last week the new rebalancing of the local indexes which also imposed selling pressure on several companies. For a second cons...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 September 2022
SOFIX 606.67 slid by 0.13% reflecting the drop of Sopharma (SFA, BGN 4.44, -0.89%), Sopharma Trading (SFT, BGN 5.54, -1.07%) and Allterco (A4L, BGN 18.65, -0.80%). 340K (0.25% of Sopharma) shares were transferred on Thursday at BGN 4.48, but in the end of the session sellers prevailed buyers and the pharmaceutical company finished the day negative. The main index was supported by Holding Varna (HVAR, BGN 43.00, +0.94%) and Chimimport (CHIM, BGN 0.832, +0.24%) but both companies registered insign...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 September 2022
The holiday-shortened week started on a calm note on Monday as some names remained untraded and others barely reached 50% of their 3-months average turnover. The main indexes slipped in a range between -0.31% and -0.02% as SOFIX (609.60) declined by 0.24% dragged down mostly by Bulgarian Real Estate Fund (BREF, BGN 2.32, -2.52%) and Doverie United Holding (DUH, BGN 7.20, -1.37%). Sopharma Trading (SFT, BGN 5.24, +0.77%) and illiquid names such as Super Borovetz Property Fund (SBPF, BGN 2.88, +0....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 August - 26 August 2022
All local indexes finished the week on the negative territory but SOFIX 607.75 (-1.1%) dropped the most. Weekly turnover slipped by more than 50% to BGN 6.8m. compared to the average one YtD. Most of the H1 consolidated financial reports confirmed the good performance but liquidity issues and uncertainty over the war in Europe, inflation and world supply chain disruptions weighted on investors’ sentiment last week. The top weekly gainer within our universe was Stara Planina Hold (SPH, BGN 9.30, ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 August 2022
The major indexes endured some intraday volatility to finish a step above their previous day close as the Fed Chair Powell’s speech followed the closing and no impact was registered on the Bulgarian stock market. SOFIX (607.75) gained 0.07% on Friday, paced higher by 5 of its members as Advance Terrafund (ATER, BGN 2.98, +2.05%) led the winners. FairPlay Properties (FPP, BGN 0.88, -7.37%) and Eurohold (EUBG, BGN 2.04, -2.86%) finished on the opposite side as the retails easily moved the prices w...
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