reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 November 2024
The Bulgarian equity market had a cautious session and the main indexes split up on both sides of the surface. SOFIX (846.34, -0.57%) plunged more, nearing the 200-MA as the pharmaceutical sector, represented by Sopharma (SFA, BGN 5.60, -2.78%), met some negative price actions as the bid side order book weakened significantly after the ex-dividend date. BGBX40 (165.67, -0.81%) declined the most as Speedy (SPDY, BGN 200.00, -7.41%) weighted additionally on the broad index. The volumes remained fa...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 November 2024
The buying interest weakened on Thursday and the ultimate result for the main indexes was mixed. SOFIX (862.36, -0.22%) was clipped by the decline in the price of Bulgarian Stock Exchange (BSE, BGN 7.75, -3.13%) and Sopharma Trading (SFT, BGN 5.70, -2.56%), while the broad index BGTR30 (859.96) outperformed with 0.03% gain, following the low volume trades with First Investment Bank (FIB, BGN 4.20, +2.44%) and M+S Hydraulic (MSH, BGN 9.80, +3.16%). Neochim (NEOH, BGN 26.00) registered new jump of...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 October 2024
SOFIX (842.81, -0.52%) stepped back reflecting poor liquidity and huge daily fluctuations. Shelly Group (SLYG, EUR 33.10, -2.65%), First Investment Bank (FIB, BGN 3.76, -2.08%), Sirma Group Holding (SGH, BGN 1.06, -1.85%) and Bulgarian Stock Exchange (BSE, BGN 7.95, -1.24%) retreated with small daily turnover and weighed on the main index. Speculative trades with Central Cooperative Bank (CCB, BGN 1.65, +3.13%) and Chimimport (CHIM, BGN 0.715, +1.42%) raised both names without corporate news. Ad...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 21 October - 28 October 2024
The lack of investors’ enthusiasm and the negative trend on the Bulgarian stock market became more visible during the past week and all major indexes finished with losses. The local benchmark SOFIX decreased by 0.8% to settle at 847.18, while the broad ones – BGBX40 (167.02, -1.6%) and BGTR30 (853.24, -1.8%) performed worse. Speedy (SPDY, BGN 224.00, +3.7%) led the list of gainers within our list of selected companies, followed by the SOFIX members Sirma Group Holding (SGH, BGN 1.08, +1.9%) and ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 October 2024
The Bulgarian equity market faced some selling pressure on Monday and settled all main indexes with losses in range between 1.11% to 0.69%. Downside bias was the result of widened Bid/Ask spreads for Bulgarian Real Estate Fund (BREF, BGN 3.84, -3.03%) and Chimimport (CHIM, BGN 0.705, -2.76%) and aggressive sellers of First Investment Bank (FIB, BGN 3.82, -4.98%) and Shelly Group (SLYG, EUR 33.50, -2.05%). The volumes slipped even more compared to previous trading sessions and remained below the ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 September 2024
The Bulgarian equity market showed some increased trading activity on broader base and the major indexes extended further their gains on Friday as BGREIT (204.38, -0.16%) alone settled on negative territory. First Investment Bank (FIB, BGN 4.78, +6.22%) was once again the story name in the space as the retail easily moved the price in both directions in the weakening order book. The block trades with M+S Hydraulic (MSH, BGN 9.25, -2.12%) impacted the daily turnover statistics, while the daily vo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 August - 23 August 2024
The Bulgarian stock market indexes closed the week flat on Friday, as the sector-focused BGREIT (199.94, +1.2%) was the only one with more solid gain, supported by the strong movement of Bulgarian Real Estate Fund (BREF, BGN 3.10, +6.9%). The benchmark SOFIX added 0.3% to settle at 869.29, reflecting the lack of fresh’ enthusiasm on the market. Nevertheless, the top gainers within our list of selected companies started with SOFIX members Chimimport (CHIM, BGN 0.75, +9.6%) and Bulgarian Stock Exc...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 August 2024
Summer vacations, poor liquidity, and the absence of corporate news made room for speculative moves. Huge opposite moves set SOFIX at 871.43 (+0.31%) despite the drop of Agria (AGH, BGN 19.50, -4.41%) and Bulgarian Real Estate Fund (BREF, BGN 3.06, -1.29%). Central Cooperative Bank (CCB, BGN 1.83, +8.28%), Chimimport (CHIM, BGN 0.78, +4.00%) and Bulgarian Stock Exchange (BSE, BGN 7.90, +3.95%) moved North without any corporate news or other relevant information. BGBX40 170.91 (+0.12%) and BGTR30...
- 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
Weekly bulletin - 22 July - 26 July 2024
The Bulgarian stock market ended the week mixed, lacking investor interest in the middle of the summer and trying to digest the outgoing corporate earnings data for the first half of the year. The benchmark SOFIX retreated 0.3% to settle at 862.25, while the broader ones - BGBX40 (169.60, -0.1%), BGTR30 (863.45, +0.6%) performed in opposite directions. The weekly volume (-66.8%) showed weak performance while the turnover (+46.6%) was pushed up by intense trade with bonds and generally illiquid n...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 July 2024
The Bulgarian equity market started the week on a weak note with broad-based selling, which settled the main indexes in negative territory. SOFIX (860.82) declined 0.43% and finished just a tick above the 50-day average with First Investment Bank (FIB, BGN 4.48, -3.03%) and Bulgarian Estate Fund (BREF, BGN 2.60, +1.56%) on both sides of the movers’ list. The block trade with Eurohold (EUBG, BGN 1.50, +0.67%) impacted the daily statistics, and the turnover neared the 3-months average.
- 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
Weekly bulletin - 17 June - 21 June 2024
The Bulgarian stock market edged lower last week, as investors remained cautious and approaching summer season lowered the investors’ activity. The leading local index SOFIX lost 0.5% to close at 848.99, as the broad ones – BGBX40 (169.28, -0.7%), BGTR30 (850.96, -0.4%) performed as the benchmark. Declining stocks outnumbered the rising ones in our list of selected companies by 15 to 7, 7 ended unchanged. The weekly top three gainers within the list were all SOFIX members – Sirma Group Holding (...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 June 2024
The market exhibited mixed action on Friday as the participants took profit from outperformed names and switched into names with positive news. SOFIX (848.99, -0.35%) reflected a slight negative slip following the continuing downtrend of Shelly Group (SLYG, BGN 69.00, -0.86%) combined with the deepen losses of M+S Hydraulic (MSH, BGN 10.00, -2.91%) and Central Cooperative Bank (CCB, BGN 1.60, -3.03%). The lack of conviction on both sides in this session left the volumes below the 15-days average...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 3 June - 7 June 2024
The Bulgarian stock market finished the last trading week on a negative note, continuing the drop from the previous one. The local benchmark SOFIX retreated -0.4% to settle at 862.00, while the broad ones - BGBX40 (170.59, -0.8%) and BGTR30 (852.97, +0.1%) finished in opposite directions. Speedy (SPDY, BGN 180.00, +7.8%) was the top gainer within our list of selected companies, followed by Sirma Group Holding (SGH, BGN 0.96, +6.1%) and First Investment Bank (FIB, BGN 4.78, +4.8%), both SOFIX mem...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 June 2024
SOFIX (865.04, +0.09%) finished in green territory on Thursday. Notable fluctuations of index members offset each other as First Investment Bank (FIB, BGN 4.84, +5.68%) overcame the decrease of Eurohold (EUBG, BGN 1.54, -1.28%), Central Cooperative Bank (CCB, BGN 1.65, -1.20%) and Doverie United Holding (DUH, BGN 8.74, -1.13%). Speculative trades raised Agria (AGH, BGN 21.00, +2.94%) and Sirma Group Holding (SGH, BGN 0.955, +3.24%), but both companies registered insignificant daily volume. Shell...
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