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
Weekly bulletin - 22 January - 26 January 2024
Over the past week, investors managed to stay positive and Bulgarian stock market advanced modestly. The local benchmark SOFIX added 0.6% to close at 787.72, reflecting the good performance of index members like Shelly Group (SLYG, BGN 57.60, +5.1%) , Central Cooperative Bank (CCB, BGN 1.61, +3.9%) and others. The weekly top gainer within our list of selected companies was Alcomet (ALCM, BGN 7.15, +8.3%), followed by Shelly and Stara Planina Hold (SPH, BGN 10.40,+5.1%). Neochim ( NEOH, BGN 27.0...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 January 2024
The Bulgarian equity market ended mixed but the major indexes registered narrow based sharp losses on Wednesday and finished on the negative side. Low volume trades with Eurohold (EUBG, BGN 1.53, -10.00%) on the bid side with additional weight coming from the heavy members Sopharma (SFA, BGN 5.64, -0.70%) and Shelly Group (SLYG, BGN 47.80, -0.42%) drove SOFIX (757.78, -1.44%) down and the benchmark index retreated from its 15-years record high (768.87 points). The volumes continued to slip even ...
- 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
Weekly bulletin - 04 September - 08 September 2023
The Bulgarian stock market finished the last trading week on a negative note, balancing after the strong performance during the peak summer season. The local leading index SOFIX retreated modestly -0.2% to settle at 756.68 in another shortened trading week, while the broad ones BGBX40 (157.98) and BGTR30 (785.01) underperformed the benchmark, losing 0.5% and 0.8% on a weekly basis. Both the volume and the turnover showed noticeable performance, exceeding the YTD average by 36.3% and 258.3%, m...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 September 2023
The major indexes endured some intraday volatility to finish with moderate losses on Tuesday as the investors doubled down on the inclination to sell into strength before Unification day. SOFIX (745.93, -0.84%) started the session with 3.37% drop early in the session but the recovery of Shelly Group (SLYG, -7.02%) to BGN 42.40 and the surge of Sopharma (SFA, BGN 6.14, +5.86%) later on the day smoothed the negative effect before the closing bell. The volumes improved compared to previous day but ...
- 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 - 15 June 2023
The Bulgarian equity market retreated from record highs on Wednesday as investors engaged in a little profit taking mainly from financial sector, eliminating previous day’s gains – First Investment Bank (FIB, BGN 2.12, -3.64%) and Chimimport (CHIM, BGN 0.76, -2.56%). SOFIX (685.11) deepened more than 1.65% during the session but managed to recover slightly to 0.77% decline, supported by Monbat (MONB, BGN 4.40, +1.38%) and Bulgarian Stock Exchange (BSE, BGN 9.20, +0.66%) after small trades. The v...
- 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 - 19 December - 23 December 2022
Positive sentiment last week raised all local indexes. Good corporate news and the Christmas spirit increased overall liquidity and weekly turnover (BGN 18.6m) exceeded the average one YtD (BGN 17.2m). Industrial Capital Holding (HIKA, BGN 2.92) registered 12.3% WoW increase and lead weekly gainers, followed by Gradus (GR6, BGN 1.47, +7.3%) and Korado (KBG, BGN 6.15, +5.1%). Weekly losers’ list was occupied by some of the best performing companies in Q3 due to profit taking – Industrial Holding ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 December 2022
The positive bias driving previous day’s gains weakened and the main indexes booked smaller positive moves on Thursday. SOFIX (601.42) added 0.12% and continued to float between its 200 and 100-day MA as the current holiday trading conditions triggered additional buying interest. First Investment Bank (FIB, BGN 1.99) led the gainers in this session by 4.74% advance as P/E of 2.7x attracted more investors to the stock. Neochim (NEOH, BGN 42.00, +3.45%) followed but the result came from small trad...
- 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 ...
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