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
Morning Bulletin - 30 August 2024
The Bulgarian equity market had a mixed disposition through the Thursday trading session. SOFIX (865.51, -0.05%) and BGBX40 (170.15, -0.04%) closed near their lows of the day, following sharp moves of M+S Hydraulic (MSH, BGN 9.35, -3.61%) and Alcomet (ALCM, BGN 6.35, -5.93%) on the negative side and Central Cooperative Bank (CCB, BGN 1.74, +2.35%) and Chimimport (CHIM, BGN 0.81, +4.52%) on the positive side. BGTR30 (872.13) advanced alone by 0.23% on narrow constitute base. The trading activity ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 August 2024
Investors’ search of direction fixed SOFIX (853.16, +0.34%) positive on the close after the negative start of the trading session on Thursday. M+S Hydraulic (MCH, BGN 10.10, +6.32%), Bulgarian Stock Exchange (BSE, BGN 7.60, +2.70%) and Bulgarian Real Estate Fund (BREF, BGN 2.66, +1.53%) erased losses from the previous days while Sopharma (SFA, BGN 5.80, -1.02%) and Chimimport (CHIM, BGN 0.71, -0.70%) extended further their negative moves. The most traded name Shelly Group (SLYG, EUR 36.00, +0.56...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 August 2024
Investors calmed down on Tuesday and after the red start of the week SOFIX slightly recovered and closed positive at 850.29 (+0.11%). First Investment Bank (FIB, BGN 4.86, +1.67%), Elana Agrocredit (EAC, BGN 1.07, +1.90%) and Advance Terrafund (ATER, BGN 3.25, +1.88%) supported the main index while M+S Hydraulic (MCH, BGN 9.50, -3.06%) and Agria (AGH, BGN 20.10, -2.43%) suffered from selling pressure. More than 60% of daily turnover within the main index came from Sopharma (SFA, BGN 5.86, -0.34%...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 August 2024
The Bulgarian equity market staged a recovery and the major indexes settled near daily highs, but still, the logged gains ranging from 0.95% to 2.22% were relatively low compared to the declines registered on Monday. SOFIX (849.37) slumped 36 points lower and won back 18 points, while BGBX40 (167.24) recovered only one third of the losses as less liquid names as Zarneni Hrani (ZHBG, BGN 0.112, -18.25%) and Petrol (PET, BGN 0.85, -14.14%) weighted additionally on the broad index. The tech sector,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 July 2024
The Bulgarian equity market had a mixed showing on Tuesday in the middle of the earning news season but the declines prevailed at the end and all major indexes settled on negative territory. First Investment Bank (FIB, BGN 4.76, -2.06%) and Sirma Group (SGH, BGN 1.11, -2.63%) led the movers within SOFIX (863.24, -0.12%), while Bianor (BNR, BGN 6.15, -2.38%) weighed additionally on the broad indexes – BGBX40 (169.77, -0.16%) and BGTR30 (861.14, -0.30%). Half of the benchmark constituents booked t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 1 July - 5 July 2024
The first week of the second half of the year expectedly was under the summer flag with poor trading activity, which settled the main indexes with small changes on both side of the surface. SOFIX (852.60) built on 0.6% gain and registered 11.4% advance from the beginning of the year, driven mostly by the uplift of Sirma Group Holding (SGH, BGN 1.11, +11.0%), Agria Group Holding (AGH, BGN 20.50, +2.5%) and Eurohold Bulgaria (EUBG, BGN 1.54, +2.7%). The turnover remained the same compared to the a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 July 2024
All BSE indexes advanced slightly on Friday as the blue-chip SOFIX (852.60) took the lead by 0.36% gain, followed by the broader BGBX40 (168.06, +0.29%) and BGTR30 (853.28, +0.17%), while the real estate-focused BGREIT (190.31) finished 0.13% higher. Gainers amongst SOFIX constituents led the losers by 6-to-3 margin, with Shelly Group (BGN 69.80, +2.05%) taking the lead, while the laggards were led by Sirma Group Holding (BGN 1.11, -4.41%) as some investors took profits, following the recent gai...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 June 2024
The overall activity in the Bulgarian equity market on Tuesday was weak, the decliners-advancers line was almost in equilibrium with lack of conviction from both sides and the major indexes settled flat. SOFIX (841.05, -0.01%) ended on a tick lower as M+S Hydraulic (MSH, BGN 10.00) stood out with 3.85% loss. The daily volumes were poor, though the trading activity with Sopharma (SFA, BGN 5.96, -0.33%) impacted the daily statistic and the turnover exceeded 5 times the 3-months average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 June 2024
The major indexes saw some choppy actions on the Bulgarian equity market on Friday, which turn to be the last day of the month as the widened Bid/Ask spreads allowed retail to dictate the moves. The bank sector, represented by First Investment Bank (FIB, BGN 4.56, +4.11%) and Central Cooperative Bank (CCB, BGN 1.67, +2.45%), once again led the gainers in this session, while the fluid power manufacturer M+S Hydraulic (MSH, BGN 11.20, +5.66%) big upside move was another support factor. Eurohold (E...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 May 2024
SOFIX (863.01, +0.82%) logged another 15-years record high supported by the financial sector on Monday. The broad indexes BGBX40 (171.92, +0.47%) and BGTR30 (860.42, +0.31%) underperformed under the weight of the losses of Eleven Capital (11C, BGN 18.40, -2.65%) and Monbat (MONB, BGN 3.10, -2.52%), while First Investment Bank (FIB, BGN 4.44, +1.83%) slipped to BGN 4.04 on the opening bell but at late hours new buying power changed the final outcome. The volumes slipped much lower than the 15-day...
- 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
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 - 28 March 2024
Selling pressure ruled the trading and SOFIX (803.52, -0.12%) closed in red on Wednesday. Chimimport (CHIM, BGN 0.682, -3.13%), First Investment Bank (FIB, BGN 2.42, -1.63%) and Sopharma (SFA, BGN 6.24, -1.27%) fully offset the positive moves of Sirma Group Holding (SGH, BGN 0.75, +2.74%) and M+S Hydraulic (MSH, BGN 10.40, +1.96%). 1.76m shares of Gradus (GR6, BGN 1.70, +13.33%) lifted the company to daily top gainers’ place and pushed up BGTR30 (813.04, +0.53%) and BGBX40 (164.71, +0.31%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 18 March - 22 March 2024
Bulgarian stock market ended last week on a somber note and the leading local index SOFIX lost 1.0% to close at 806.02, while the broad one BGBX40 (164.55, -1.0%) performed similarly. The weekly top performer within our list of selected companies was Trace Group Hold (T57, BGN 4.20,+4.0%), followed by Central Cooperative Bank (CCB, BGN 1.55, +2.6%) and Telematic Interactive (TIB, BGN 15.91, +2.0%). On the red side the list of laggards started with industrial shares like M+S Hydraulic (MSH, BGN 1...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 March 2024
The Bulgarian equity market closed the losing week on a mixed note as the main indexes registered some losses in a range between minus 0.62% to minus 0.21 % and only BGREIT (191.40, +0.06%) advanced slightly. The daily movers Agria Group (AGH, BGN 19.10, -3.05%) and M+S Hydraulic (MSH, BGN 10.20, -5.56%) weighed the most on the main indexes, while the buying interest in Bianor Holding (BNR, BGN 4.50, +5.14%) and Bulgarian Stock Exchange (BSE, BGN 15.20, +1.33%) opposed on the flip side. The volu...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 11 March - 15 March 2024
The Bulgarian stock market finished the last week on an upbeat mode, continuing the positive move from the previous one. The local benchmark SOFIX added 1.3% to close at 813.82, as for another week the IoT products maker – Shelly Group (A4L, BGN 69.00, +12.7%) was the top performer out of the index members. A total of 8 out of 29 names in our universe finished on green territory, 13 weighted on the red side, while 8 remained unchanged. Along with Shelly, Industrial Holding Bulgaria (IHB, BGN 1.8...
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