The major equity indexes on Bulgarian market registered tiny advances in range between 0.03% and 0.11%, driven by light-volume narrowly ranged trades on Friday. Positive price actions in Wiser Technology (WISR, BGN 5.15, +3.00%), Chimimport (CHIM, BGN 0.72, +2.86%) and Shelly Group (SLYG, EUR 35.20, +0.57%) led the directions despite the weight of First Investment Bank (FIB, BGN 4.12, -2.83%) and Elana Agrocredit (EAC, BGN 1.08, -1.82%). SOFIX (893.13, +0.03%) settled on a tick below the 16-year...
The Bulgarian equity market ended the session on an upbeat note for seventh day in a row and the main indexes all settled near session highs. SOFIX (849.12) continued its recent outperformance, gaining 1.23% on Tuesday. The positive mood within the market resized new names apart from First Investment Bank (FIB, BGN 4.66), which added 18.88% to its market cap still without fresh news around the name, Agria Group (AGH, BGN 23.70) and Central Cooperative Bank (CCB, BGN 1.73) registered 7.73% and 4....
Few companies from the industrial sector registered significant increase last week and led weekly gainers. Industrial Holding (IHB, BGN 1.90, +12.4%), Industrial Capital Holding (HIKA, BGN 3.06, +4.8%) and M+S Hydraulic (MSH, BGN 11.20, +2.8%). The Banking sector weighted on the market and all local indexes closed on the negative territory. Rumors about First Investment Bank (FIB, BGN 2.40, -26.4%) pushed the bank’s shares down followed by Central Cooperative Bank (CCB, BGN 1.53, -5.0%). SOFIX...
Opposite moves of index members fixed SOFIX at 786.68 (-0.13%). The jumps of Neochim (NEOH, BGN 23.60, +6.79%), Doverie (DUH, BGN 8.94, +2.05%) and BSE (BSE, BGN 14.15, +1.07%) partly offset the drops of First Investment Bank (FIB, BGN 3.12, -5.45%), Chimimport (CHIM, BGN 0.734, -3.42%) and M+S Hydraulic (MSH, BGN 10.80, -0.92%). Consolidation around current market levels continued and all other local indexes finished the day almost unchanged.
The SOFIX (616.05) continued its uptrend by adding 1.09% on Wednesday in session with increased corporate news. Bulgarian stock exchange (BSE, BGN 10.70) surged by 8.08% after the news of DPS of BGN 0.42 and stock dividend, followed by Eurohold (EUBG, BGN 2.28), which raised 5.56% after the announcement of voluntary tender offer of the energy companies, owned by the holding. The courier company Speedy (SPDY, BGN 112.00) recovered by 10.89% in widen bid/ask spread and took its leading place among...
All local indexes advanced over the past week, with total weekly turnover at 71.7% of the average YTD. The top gainer within our universe was Speedy (SPDY, BGN 100.00, +17.6%), which advanced on proposing BGN 28.2m dividends for 2020, with next being Industrial Holding Bulgaria (IHB, BGN 1.85, +15.6%), which jumped on its majority shareholder filing a tender offer at BGN 1.90 per share. On the opposite side, the top decline was by Chimimport (CHIM, BGN 0.94, -4.3%), which slipped with no apparen...
The local indexes slipped slightly, where SOFIX shrank by 0.15% to 579.99. The top gainer within the main index was Telelink Business Services Group (TBG, BGN 14.30, +5.15%), with next top movers being First Investment Bank (FIB, BGN 1.735, -3.07%) and Chimimport (CHIM, BGN 0.946, -2.47%). The most traded constituents were Telelink Business Services Group and Allterco (A4L, BGN 17.50, 0.00%), which booked 21.4% and 19.1% of the total turnover within SOFIX, respectively. BGREIT added 0.08% to 164...
The past week was mostly uneventful, where the local indexes advanced with insignificant weekly turnover of 47.7% of the average YTD. The top gainers within our universe were Chimimport (CHIM, BGN 0.984, +13.4%) and Bulgarian Stock Exchange (BSE, BGN 7.90, +5.3%), while the top losers were CEZ Distribution (CEZD, BGN 278.0,-7.3%) and Alcomet (ALCM, BGN 8.75,-5.4%). The most traded was Eurohold Bulgaria (EUBG, BGN 2.60, +4.0%), which made up 7.8% of the total weekly turnover, with next being Chim...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
SOFIX (572.65, +0.39%), BGBX40 (127.08, +0.23%) and BGREIT (162.74, +0.24%) increased as the retails appreciated the current financial data and the market sentiment stayed positive. The volumes on the other hand slipped and remained lower than the 15-days average. Albena (ALB, BGN 36.00, +2.86%) continued its uptrend in this session as the announcement that Albena’s subsidiary sold seaside real estate was still fresh. Bulgarian Stock Exchange (BSE, BGN 7.85) registered new all-time high by addin...
The local indexes slipped slightly over the past week, where SOFIX lost 0.9% to 550.76. The top weekly gainers were Central Cooperative Bank (CCB, BGN 1.00, +5.3%) and Bulgaria Real Estate Fund (BREF, BGN 2.19, +4.8%), while the top losers were Sopharma (SFA, BGN 3.44, -5.5%) and Alcomet (ALCM, BGN 9.25, -4.6%). The most traded within our universe was Albena (ALB, BGN 32.40, -0.6%), which made up 23.4% of the total weekly turnover on BSE, with next being Eurohold Bulgaria (EUBG, BGN 2.56, 0.00%)...
SOFIX stepped back from its 1 year high (557.69) registered on the previous day and closed at 555.62 (-0.37%) on Thursday. Poor liquidity and wide bid/ask spreads weighed on Gradus (GR6, BGN 1.44, -3.36%), Advance Terrafund (ATER, BGN 2.36, -1.26%) and Doverie (DUH, BGN 6.72, -1.18%). The announcement for dividend payment by Bulgarian Real Estate Fund (BREF, BGN 2.11, +1.93%) lifted the REIT with insignificant daily volume.
The local indexes advanced with abnormal weekly turnover, where the main index SOFIX added 0.8% to 556.03. The top movers within our universe were Doverie United Holding (DUH, BGN 6.90, +16.90%) and Neochim (NEOH, BGN 24.20, -6.20%), both of which booked mostly low-volume trades, with next being Alcomet (ALUM, BGN 9.70, +5.40%) and Monbat (MONB, BGN 6.10, +4.80%). The most traded was Speedy (SPDY, BGN 81.50, +1.2%), as almost 225k SPDY shares were exchanged in various in size trades, whereby the...
SOFIX 556.03 (+0.27%) ticked positive in the end of week with poor volume and wide bid/ask spreads. Bulgarian Real Estate Fund (BREF, BGN 2.09, +2.45%) jumped while Gradus (GR6, BGN 1.44, -4.64%) dropped on the back of speculative trades and insignificant daily volume. Small block trade lifted Eurohold (EUBG, BGN 2.56, +1.59%) and fully offset the negative impact of First Investment Bank (FIB, BGN 1.70, -1.16%). All other local indexes closed positive but BGREIT154.22 (+0.58%) advanced the most ...
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