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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...
The Bulgarian stock market had shifted into another gear last week and finished mixed on Friday, balancing after the strong performance from the previous ones. The local benchmark SOFIX increased modestly by 0.2% to settle at 684.87, while the broad ones BGBX40 (149.35, -0.6%) and BGTR30 (757.51, +0.3%) finished on opposite directions. Rising stocks outnumbered the declining ones in our list of selected companies by 14 to 10, 5 ended unchanged. The weekly top performer was Industrial Holding Bul...
The Bulgarian equity market saw some up and down action on Thursday, which caused moderate volatility and coloured the main indexes mixed. The increased Bid/Ask spreads of some names lately, like First Investment Bank (FIB, BGN 2.18, +2.83%) and Sopharma (SFA, BGN 5.56, +1.09%), pushed SOFIX (686.69, +0.23%) up with moderate turnover. The volumes reached 15-day average and slightly improved compared to the previous day.
The Bulgarian stock market gained some steam last week as stabilized investor’s confidence pushed the main indexes higher. The benchmark SOFIX ( 629.36) was the top gainer with solid 2.5% rise, while the broad ones – BGBX40 (142.88) and BGTR30 (731.11) underperformed the main index, increasing more modestly by 1.7% and 1.2%, respectively. Gainers outnumbered losers in our list of selected companies by 12 to 6, as the lack of selling pressure put Eurohold (EUBG, BGN 1.55, +12.3%) at the top. Th...
The Bulgarian indices closed near session highs on Tuesday, confirming the uptrend from the previous short weak. SOFIX (617.95) increased 0.66%, led by First Investment Bank (FIB, BGN 2.16, +4.85%) and Monbat (MONB, BGN 4.38, +2.34%), which surged on the ground of small trades in widen Bid/Ask spreads. The proposed higher than expected dividends from Alcomet (ALCM, BGN 8.60) and Fazerles (FZLS, BGN 19.00), activated the buyers and the names finished with respectively 4.24% and 4.97% gains. The l...
INTEREST RATE HIKES COULD AFFECT VALUATIONS BUT CERTAIN NAMES STAY STRONGER THAN EVER FEELING CONFORTABLY IN THE CRISIS In 2022 we witnessed a chain of global events that played a significant role into cooling down the equity markets. The most important ones - the ongoing global supply chain problems, started in 2020, caused by COVID-19; the Russian invasion into Ukraine, triggering the energy shock; the concerns about an upcoming food shortage; the surge of CPI; the interest rates hikes. As ...
Moderate increase of local indexes reflected positive sentiment on the BSE-Sofia last week. SOFIX (596.43) added 0.4% while the broad BGBX40 (137.35) and BGTR30 (719.50) advanced by 0.3% and 0.9% respectively. Weekly turnover jumped 3 times to BGN 54.0m. compared to the average one YTD of BGN 15.9m. Daily volatility increased with widened bid/ask spreads but the main volume was registered with companies outside the main market segments. Positive corporate news dominated over negative one but pol...
The Bulgarian stock market was choppy on Friday and SOFIX (596.43) ended at the lowest level for the day by losing 0.97%. Eurohold (EUBG, BGN 1.83) dropped 7.58% and led the losers in this trading session as sellers offered significant size at BGN 1.83. The machine-building factory Hydraulic Elements and Systems (HES, BGN 6.25) and the IT company - Telelink (TBS, BGN 11.75) followed on the losers list by slipping 6.72% and 2.08%, respectively with increased volume, while the daily gainers, repre...
The start of the week for the Bulgarian stock market was mixed with SOFIX (589.52) adding 0.29%, mainly pushed by Allterco (A4L, BGN 18.65, +5.37%), Advance Terrafund (ATER, BGN 2.93, +0.69%) and Doverie United Holding (DUH, BGN 6.84, +0.59%). The broader index BGBX40 (136.68) followed the main one and gained 0.24%, benefiting from the impressive performance of Alcomet (ALCM, BGN 8.10, +15.71%) and Allterco. The list of losers was led by Sirma Group (SGH, BGN 0.71, -4.05%), Gradus (GR6, BGN 1.29...
All major indexes moved lower throughout the session on Friday, pressed down by poor liquidity and negative sentiment. The leading local index SOFIX (599.72) decreased by 0.46%, followed by the broad BGBX40 (140.18) and BGTR30 (730.04) with 0.30% and 0.41% declines, respectively. The worst performer of all indexes was BGREIT(184.01) with a solid drop of 1.30%. 8 out of 15 members of the benchmark index registered declines in this trading session as the list of laggards was led by Bulgarian Real ...
SOFIX (611.68, 0.05%) moved significantly up and down in range between its 50 and 200-days MA and finally ended on a note higher 0.05% on Wednesday. First Investment Bank (FIB, BGN 2.00, -4.76%) and Bulgarian real estate fund (BREF, BGN 2.32, -2.52%) led the laggards as the buying power weakened and sellers easily pushed the price down on both names, while Advance Terrafund (ATER, BGN 2.93, +2.81%) and Alterco (A4L, BGN 18.60, +3.05%) closed on the positive side as the both names recovered from ...
The local indexes advanced on the last day of January, where SOFIX added 0.67% to 618.53. Approximately 3/5 of the constituents of the main index appreciated on a daily basis, with top gainers being First Investment Bank (FIB, BGN 1.78, +7.88%) and the technology companies Allterco (A4L, BGN 19.80, +4.21%) and Telelink Business Services Group (TBS, BGN 15.70, +4.67%). Chimimport (CHIM, BGN 0.914, +3.39%) and Industrial Holding Bulgaria (IHB, BGN 2.06, +3.00%) advanced notably as well, while ther...
The local indexes slipped with insignificant volume, where SOFIX erased 0.11% to 583.28. The top gainer, which was also the most traded constituent over the session, was Allterco (A4L, BGN 20.40, +3.55%), while there were no other notable price changes on the positive side. The top declines were by Eurohold Bulgaria (EUBG, BGN 2.16, -2.70%) and Chimimport (CHIM, BGN 0.85, -2.30%), both of which booked insignificant volume. BGREIT added 0.07%, with its increase being entirely on the back of Advan...
The local indexes slipped over the past week, where SOFIX shrank by 1.2% to 556.43. The top gainer within our universe was Alcomet (A4L, BGN 10.00, +9.03%), which finalised an investment, with next being CEZ Distribution (CEZD, BGN 308.00, +7.7%), whose minority shareholders are expecting a more favourable tender offer. On the opposite side, top decline was by the excluded from SOFIX Gradus (GR6, BGN 1.27,-9.9%), with next being Neochim (NEOH, BGN 24.80, -8.1%). The most traded names were Sophar...
Each of the major indexes was down on Thursday as BGREIT (162.18) fell the most 0.93% and the extended BGTR30 (637.28) took some advantage of Monbat (MONB, BGN 6.45) increase by 1.57% and lost the less -0.54%. SOFIX (561.86) slipped by 0.89% as the included real estate member, followed by the financials weighted significantly on the index. The volumes neared to the 15-days average, while the trades with Allterco (A4L, BGN 18.00, +1.12%) added to the daily turnover and resulted in increased turno...
The local indexes slipped slightly with regular turnover, as most of the members of our universe devaluated on a weekly basis. The top declines were by the holding companies Eurohold Bulgaria (EUBG, BGN 2.32, -8.7%), Doverie United Holding (DUH, BGN 6.74, -6.4%), and Industrial Capital Holding (HIKA, BGN 2.82, -5.4%), while the top gainers were Speedy (SPDY, BGN 109.00, +9.0%) and First Investment Bank (FIB, BGN 1.81, +3.4%). The most traded within our universe also were Eurohold and Doverie wit...
All main indexes recovered on Wednesday as SOFIX (579.67) added the most – 1.36% with all traded members being on the positive side. First Investment Bank (FIB, BGN 1.90) led the gainers by 7.34% increase as buyers easily pushed the price up in a poor sell side with moderate volume. Doverie United Holding (DUH, BGN 6.64) followed with 3.11% gain as the recovery from the previous day triggered more enthusiasm. The daily volumes, on the other hand, barely closed the 15-days average as a lot of nam...
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 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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