reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 August 2024
Poor liquidity and information vacuum played a vital role on Friday and set SOFIX (869.29, -0.25%) negative. Few index members registered a rapid move without any reason – Central Cooperative Bank (CCB, BGN 1.72, -6.01%), Bulgarian Stock Exchange (BSE, BGN 8.30, +5.06%), Chimimport (CHIM, BGN 0.80, +2.56%) and Shelly (SLYG, EUR 35.80, -1.65%). Bulgarian Real Estate Fund (BREF, BGN 3.10, +1.31%) also advanced on the back of speculative trades, thus fixing BGREIT at 199.94 (+0.31%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 June 2024
It was a mixed session on Thursday with moderate activity based on large cap names. The main indexes settled slightly higher than previous session as exception was BGREIT (190.16) with 0.19% slip, caused by Advance Terrafund (ATER, BGN 3.20, -0.93%). Decliners had a 5-to-4 lead over advancers but heavy weighted Shelly Group (SLYG, BGN 71.00, +2.31%) and Sirma Group (SGH, BGN 1.03, +4.04%) prevailed over Agria Group (AGH, BGN 20.10, -2.43%), Central Cooperative Bank (CCB, BGN 1.61, -2.42%) and Ch...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 May 2024
The Wednesday’s session was mixed under the index surface, which ultimately settled on the slight negative territory as the exception was BGREIT (191.05, +0.24%) supported by the recovery of the price from the previous session of Advance Terrafund (ATER, BGN 3.39, +1.19%). SOFIX (866.59, -0.03%) had a lackluster showing, spending most of the trading day right around its flat line as the advance-decline line was in equilibrium within the index. The turnover was closer to 3-months average compared...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 May 2024
The major indexes returned into record territory on Thursday, almost recovering previous day losses. SOFIX (849.40) was up 0.37%, a thick below its 15-years high, although the participants were lacking conviction as only the late hour trades defined the positive outcome. BGTR30 (852.78) outperformed with 0.52% gain while BGBX40 (169.87) showed a 0.35% increase, despite the additionally support by Eleven Capital (11C, BGN 16.70, +7.05%) and Alcomet (ALCM, BGN 7.40, +7.25%). The volumes surged sig...
- 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 February 2024
All BSE indexes closed in the red zone on Tuesday. SOFIX slipped to 783.41 (-0.21%) reflecting the drop of M+S Hydraulic (MSH, BGN 10.50, -4.55%), Chimimport (CHIM, BGN 0.704, -2.76%) and Neochim (NEOH, BGN 21.50, -2.27%). BSE (BSE, BGN 14.95, +2.40%) and Doverie (DUH, BGN 9.28, +1.98%) moved North on the ground of insignificant daily volume. Speculative trades pushed Gradus (GR6, BGN 1.45, -14.71%) down and BGTR30 (805.15, -0.72%) finished the day negative.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 January 2024
The Bulgarian equity market ended mixed but the major indexes registered narrow based sharp losses on Wednesday and finished on the negative side. Low volume trades with Eurohold (EUBG, BGN 1.53, -10.00%) on the bid side with additional weight coming from the heavy members Sopharma (SFA, BGN 5.64, -0.70%) and Shelly Group (SLYG, BGN 47.80, -0.42%) drove SOFIX (757.78, -1.44%) down and the benchmark index retreated from its 15-years record high (768.87 points). The volumes continued to slip even ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 November 2023
The major indexes closed near their lows for the day, registering declines due to weaken buying power. SOFIX (742.57) slipped the most by 0.54% as the daily movers Doverie (DUH, BGN 8.34, -2.34%) and Sopharma Trading (SFT, BGN 5.85, -2.50%) kept the direction till the end of the session. There was an underlying positive bias for Bulgarian Stock Exchange (BSE, BGN 10.85, 0.00%) after the announcement of better than expected financial results, but faded as the session progress. Finally decliners l...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 25 September - 29 September 2023
The local stock market gained some steam last week and ended on a positive note with the exception of sector index BGREIT (190.35, -0.4%). The benchmark SOFIX (755.73) was the top gainer with 2.0% rise, reflecting the impressive performance of the index member Sopharma (SFА, BGN 7.18, +15.8%). The number of declining stocks equaled the advancing ones in our list of selected companies-12 to 12, where 5 ended the week unchanged. The top gainers were Sopharma, Sirma Group Holding (SGH, BGN 0.76, +5...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 September 2023
The Bulgarian equity market showed some upside moves following the large cap names, which jumped mostly because of weaker offer side or increased Bid/Ask spreads. SOFIX (755.18) advanced 1.53% and outperformed all indexes, led by Sopharma (SFA, BGN 7.00, +6.06%) and M+S Hydraulic (MSH, BGN 11.00, +4.76%). The volumes remained lower than the 15-day average and slipped compared to previous day session.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 28 August - 1 September 2023
The major indices finished on the positive side last week in range between 0.4% to 2.3% as SOFIX (758.33) outperformed, continuing its uptrend and accumulatively gaining 26.1% since the beginning of the year. The weekly movers were in balance as Speedy (SPDY, BGN 120.00, -4.8%) and Neochim (NEOH, BGN 28.80, -4.0%) led the losers in our watchlist, while Shelly Group (SLYG, BGN 46.40, +6.4%) finished on the top of the list again, followed by Agria Group Holding (AGH, BGN 23.20, +5.0%) as the restr...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 August 2023
The Bulgarian equity market started the last week of August on an upbeat note and all major indexes settled the session near their best levels of the day. The positive bias mainly came from Shelly Group (SLYG, BGN 45.10, +3.44%), which continued to rise without any particular news around the name but with significant volume. Chimimport (CHIM, BGN 0.72, +1.69%) and Central Cooperative Bank (CCB, BGN 1.60, +1.91%) supported the indexes too and lowered the negative effect from Bulgarian Stock Excha...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 August 2023
The Bulgarian stock market gained some new steam yesterday as all main indexes recorded positive movements. The benchmark SOFIX (718.16) was the top gainer with 1.11% rise, reflecting the impressive performance of some of its members - the usual interest in Shelly Group (SLYG, BGN 38.40, +2.13%) pushed the stock higher while Sopharma (SFА, BGN 5.72, +4.76%) and Monbat (MONB, BGN 4.50, +2.74%) completed the list. The turnover almost reached the 3-month average numbers, dominated again by the incr...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly Bulletin - 26 June - 30 June 2023
The Bulgarian equity market lost 0.5% on average last week as SOIFX (669.90) declined the most 1.3%, lowering the gain from the beginning of the year to 11.4% at the end of the second quarter. The advance-decline line favored advancers by 11-to-9 margin, but the negative moves were sharper for names like Alcomet (ALCM, BGN 7.90, -11.2%), M+S Hydraulic (MSH, BGN 10.00, -7.4%) and Eurohold Bulgaria (EUBG, BGN 1.74, -7.0%). On the positive side, Bulgarian Stock Exchange (BSE, BGN 9.80, +4.3% YoY) l...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 June 2023
The session was weak and all major indexes closed in negative territory. SOFIX (675.67) settled near its worst level of the day, mainly dragged down by First Investment Bank (FIB, BGN 2.08, -3.70%) and Gradus (GR6, BGN 1.45, -2.03%), while the daily gainer Sopharma properties (SFI, BGN 9.60, +2.29%) slightly neutralized final results for the broad indexes BGBX40 (147.53, -0.24%) and BGTR30 (756.01, -0.32%). The daily volumes continued to shrink as the summer season started and lowered the activi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 May 2023
Index level performance was mixed on Monday, yet the action under the surface skewed more positive. Still, there was not a lot of conviction on either side and SOFIX (656.47, -0.08%) moved higher at the start but later broke off the uptrend and retreated by 0.08%. Neochim (NEOH, BGN 40.30, +2.28%) and Sopharma Trading (SFT, BGN 6.00, +3.45%) were the daily movers within the benchmark index, while the gains of Eleven Capital (11C, BGN 21.20, +6.00%) and Agria Group (AGH, BGN 24.80, +2.48%) define...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 09 May - 12 May 2023
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...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 May 2023
SOFIX (631.43) rallied 1.57% on Thursday, continuing eight-day uptrend as the buyers prevailed in this trading session mainly led by Doverie (DUH, BGN 8.24, +1.98%) and Neochim (NEOH, BGN 39.00, +2.09%). Eurohold (EUBG, BGN 1.51, +7.86%) became a daily gainer as the lack of sellers easily allowed the price to rise in a widen Bid/Ask spread without any fresh news. The daily volumes on the other hand slipped compared to previous two days and the historical average line remained above.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 May 2023
The first trading session of the month shaped up to be on the positive side, building on previous session gains, but the upside bias was supported by Doverie (DUH, BGN 8.00, +4.99%) and Sopharma (SFA, BGN 5.68, +2.53%) alone on no news. The indexes built up some gains around midday but the released disappointing financial results, like Neochim (NEOH, BGN 35.50, -0.84%), Alcomet (ALCM, BGN 8.40, -2.33%), Sirma Group (SGH, BGN 0.615, -3.91%) erased part of the increase. The buyback of Gradus (GR6,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 April 2023
The Bulgarian stock market had another lacklustre showing as investors remained in wait-and-see mode ahead of some market-moving earnings and decisions about the future of local politics. The main indexes logged modest losses continuing their midterm downtrend, mainly following the negative moves of Sopharma Trading (SFT, BGN 6.00, -4.00%), Albena (ALB, BGN 27.40, -2.84%) and Korado (KGB, BGN 5.85, -3.31%) without any obvious reason. SOFIX (607.36, -0.26%) closed down with low volume and nearing...
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