reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 May - 23 May 2025
The Bulgarian stocks marked a positive week, while the global markets suffered pullbacks and volatility, as new threats were tapping the brakes on investor optimism. The local benchmark SOFIX added 2.6% to settle at 981.32 and the broader BGBX40 (183.32, +1.7%) and BGTR30 (922.11, +2.6%) moved similar. Three SOFIX members were the top gainers in our list of selected securities – the technology blue chips Sirma Group Holding (SGH, BGN 1.43, +19.2%) and Wiser Technologies (WISR, BGN 5.35, +7.4%) a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 May 2025
SOFIX (987.54, -0.83%) lost altitude as most index members closed in the red zone on Wednesday. Smart Organic (SO, BGN 31,00, -3.13%), Shelly (SLYG, BGN 45,00, -2.17%) and Bulgarian Stock Exchange (BSE, BGN 9.10, -2.15%) suffered from selling pressure and weighed on the main index. Doverie United Holding (DUH, BGN 8.68, +0.23%) was the only SOFIX member that closed positive but registered insignificant daily turnover. BGREIT (219.07, -0.97%) also stepped bаck, reflecting the drop of Sopharma Bui...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 May 2025
The Bulgarian equity market had another strong showing on Wednesday and continued its upside trend, building on recent gains. The major indexes endured significant positive actions on broad base and advanced in range between 0.31% and 1.21%. The upside bias was supported by large cap names - First Investment Bank (FIB, BGN 5.24, +4.80%), Smart Organic (SO, BGN 33.80, +2.42%), Doverie (DUH, BGN 8.50, +2.66%) as Sirma Group (SGH, BGN 1.43, +13.49%) stepped in front of this list after a significant...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 April - 24 April 2025
The Bulgarian stocks ended the week with no clear direction, while the world equity markets recorded a relief rally, easing some of the growing tension over the past months and moving away from extreme pessimism. The leading local benchmark SOFIX added 0.3% to settle at 888.88, as all other major indexes kept to wider range from -0.2% to 0.8%. The industrial M+S Hydraulic (MSH, BGN 9.6, +4.9%) and the SOFIX member Sirma Group Holding (SGH, BGN 1.09, +3.8%) were on the top of the gainers in our l...
- 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 - 23 April 2025
The Bulgarian equity market had a quiet start of the short week with less enthusiasm and poor trading activity. Neochim (NEOH, BGN 24.60, +5.13%), Sirma (SGH, BGN 1.08, +2.86%) and Smart Organic (SO, BGN 28.00, +1.45) were the leading names among gainers, though all major indexes settled on the negative side – SOFIX (880.53%, -0.60%) , BGBX40 (169.12, -0.49%) , BGTR30 (864.88, -0.11%) and BGREIT (214.10, -0.25%), as the negative price actions in First Investment Bank (FIB, BGN 3.80, -6.40%), Syn...
- 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 - 22 April 2025
The Bulgarian equity market slipped right out of the gate on Easter Holidays and the main indexes booked some losses. Decliners like Chimimport (CHIM, BGN 0.685, -2.84%) and Sirma Group (SGH, BGN 1.05, -2.78%) prevailed the advancers by 2-to-1 margin and ranked the main indexes as follows SOFIX (885.82, -0.15%), BGBX40 (169.95, -0.19%) and BGTR30 (865.83, -0.28%). First Investment Bank (FIB, BGN 4.06, +3.05%) and Smart Organic (SO, BGN 27.60, +1.47%) finished on the opposite side but the trading...
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...
- 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 - 24 March 2024
Positive sentiment raised SOFIX (906.67, +0.57%) on Friday. The financial sector led the gainers and First Investment Bank (FIB, BGN 4.14, +2.99%), Central Cooperative Bank (CCB, BGN 1.64, +1.86%) and Chimimport (CHIM, BGN 0.755, +1.34%) were in investors’ focus. Sirma Group Holding (SGH, BGN 1.12, +1.82%) jumped with moderate daily volume after the announcement that the IT company will restart the buyback procedure. Huge selling pressure lowered Sopharma Trading (SFT, BGN 5.55, -0.89%) as the c...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 March 2025
Huge opposite moves of index members fixed SOFIX almost unchanged at 901.53 (-0.07%) on Thursday. Agria Group Holding (AGH, BGN 21.10, -4.09%), Bulgarian Stock Exchange (BSE, BGN 7.75, -0.64%) and Central Cooperative Bank (CCB, BGN 1.61, -0.62%) slipped without significant daily volume while Elana Agrocredit (EAC, BGN 1.06, -0.93%) suffered from big selling pressure and closed negative. Sirma Group Holding (SGH, BGN 1.10, +2.80%) and Chimimport (CHIM, BGN 0.745, +1.36%) and Bulgarian Real Estate...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 24 February - 28 February 2025
The Bulgarian stock market finished the last week on an upbeat mode, while the world markets continued to struggle, because of growth concerns and elevating geopolitical and economic uncertainty. The leading local index SOFIX added 1.3% to close at 904.25, as the broad ones – BGBX40 (172.76, +0.86%), BGTR30 (868.74, +0.8%) followed the benchmark. The IT blue chip Telelink Business Services (TBS, BGN 9.85, +4.8%) became the top gainer within our list of selected companies, followed by SOFIX membe...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 February 2025
Retail investors and speculative trades ruled the trading on Monday as institutional investors were awaiting release of consolidation reports till the end of the week. SOFIX (896.82, +0.47%) advanced on the wings of Sopharma (SFA, BGN 5.84, +2.10%) and Elana Agrocredit (EAC, BGN 1.08, +0.93%) with insignificant daily turnover. Big bid-offer spreads lowered Bulgarian Stock Exchange (BSE, BGN 7.65, -0.65%) and Chimimport (CHIM, BGN 0.715, -0.69%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 February 2025
The opposite moves of index members fixed SOFIX (902.61, +0.05%) almost unchanged. The drops of First Investment Bank (FIB, BGN 3.80, -2.56%), Sopharma (SFA, BGN 5.80, -1.69%) and Chimimport (CHIM, BGN 0.70, -1.41%) fully offset the positive move of Bulgarian Stock Exchange (BSE, BGN 7.70, +2.67%). BGREIT (217.28, +0.21%) closed slightly positive reflecting the north move of Bulgarian Real Estate Fund (BREF, BGN 4.16, +0.97%). Small speculative trades dominated the trading session on Thursday an...
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 - 23 January 2025
The Bulgarian market experienced some selling actions during the session, though indexes‘performance didn’t reflect this. SOFIX (892.47) and BGBX40 (171.77) booked 0.03% gains powered by light-volume trades with Central Cooperative Bank (CCB, BGN 1.72, +2.38), Sopharma Buildings (SFB, BGN 14.00, +12.00%) and Synergon (SNRG, BGN 1.10, +7.84%). The volumes were focused on Wiser Technologies (WISR, BGN 4.80, -3.61%). Possible reason for the selling pressure could be the depreciation of Triller (ILL...
- 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
Weekly bulletin - 30 December 2024 - 3 January 2025
The Bulgarian stocks marked a mixed start of the year, as during the two trading days, local benchmark SOFIX lost 0.4% to settle at 889.27. The broader BGBX40 (171.79, +0.0%) and BGTR30 (865.04, +0.2%) kept to a tighter range. The weekly top performer within our selected companies were Industrial Capital Holding (HIKA, BGN 2.68, +5.5%) and Alcomet (ALCM, BGN 6.75, +5.5%), while two of the SOFIX members – Eurohold Bulgaria (EUBG, BGN 1.92, -3,5%) and Doverie United Holding (DUH, BGN 7,80, -2,0%)...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 January 2025
The major indexes endured intraday volatility to finish slightly below previous day closes in Friday’s trading session in a range between 0.11% and 0.04%. On the upside alone, BGTR30 (863.62), balanced with less liquid names, benefitting from the positive price actions in M+S Hydraulic (MSH, BGN 9.70, +4.30%), First Investment Bank (FIB, BGN 4.32, +3.35%), and Elana Agrocredit (EAC, BGN 1.11, +2.78%). The turnover was close to average for the last 3-months formed on a narrow base.
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