reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 6 November 2024
The Bulgarian equity market had a somewhat lacklustre session after the latest rally with negative colour over all major indexes on Tuesday. SOFIX (852.00) underperformed with 0.65% loss as the negative bias came from Chimimport (CHIM, BGN 0.69, -3.50%) and Sopharma (SFA, BGN 5.76, -3.36%) reflecting the moderate selling price actions in weaken bid order book. The activity was poor and the volume remained below 15-days average line within the benchmark index.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 14 October - 18 October 2024
The Bulgarian stock market indexes finished the week almost flat on Friday with the exception of BGREIT (208.71, +1.4%), largely supported by the strong movement of its member Bulgarian Real Estate Fund (BREF, BGN 3.96, +7,0%). The local benchmark SOFIX added 0.1%, closing at 854.43, while the extended BGBX40 (169.74, -0.3%) and BGTR30 (868.87, -0.2%) ended a notch lower. Declining stocks outnumbered the rising ones within our list of selected companies by 16 to 8, 5 remained unchanged. Our top ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 October 2024
There was mixed price action on Thursday, though the main indexes firmly settled below the surface in this session. BGREIT (209.89, -1.05%) deepened the most, reflecting Bulgarian Real Estate Fund’s (BREF, BGN 3.80, -4.52%) retreat. Along with the usual liquidity providers within SOFIX (851.71, -0.57%), Shelly Group (SLYG, EUR 34.60, -0.57%) and Doverie (DUH, BGN 8.00,-1.23%), Bulgarian Stock Exchange (BSE, BGN 8.00, -0.62%) registered increased turnover compared to the 3-months average without ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly Bulletin - 7 October - 11 October 2024
The Bulgarian stock market continued its movement from the previous weeks with no clear direction, mixed trades and poor turnover. The local benchmark SOFIX added 0.1%, closing at 855.40, while BGBX40 (170.21, +1.2%) and BGREIT (208.71, +1.1%) showed some positive mood. Advancing stocks outnumbered falling ones in our list of selected securities and 3 ended unchanged. Our top performer was Speedy (SPDY, BGN 224.00, +16.1%), followed by the industrial Stara Planina Hold (SPH, BGN 10.20, +7.4%) an...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 October 2024
There was another negative bias in the Bulgarian equity market on Thursday. The downside moves were limited, though, and the main indexes settled mixed. The participants reacted on slowing activity and took some profits in names like Chimimport (CHIM, BGN 0.71, -3.40%) and Shelly Group (SLYG, BGN 35.50, -1.11%), which sent SOFIX (858.94, -0.32%) below the surface. The broad indexes – BGBX40 (170.35, +0.32%) and BGTR30 (870.55, +0.13%) - outperformed supported by Industrial Holding Bulgaria (IHB,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 24 September - 27 September 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX lost 0.2% to settle at 855.75, while the broad ones BGBX40 (168.94, +0.4%) and BGTR30 (867.82, +0.1%) ended a notch higher. The advancers equaled the decliners in our list of selected companies 13-to-13, 3 remained neutral. Speedy (SPDY, BGN 210.00, +6.6%) was the top gainer in the list, followed by Neochim (NEOH, BGN 20.20, +5.2%) and Bulgarian stock exchange (BSE, BGN 8.15, +4.5%). SOFIX member First Invest...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 September 2024
The Bulgarian equity market showed some mixed price actions but the decliners led the advancers in roughly 2-to-1 margin and all indexes went on negative footing at the end of the shorter week. SOFIX (855.75, -0.01%) ended on a weak note as the real estate sector pulled back from higher levels and the sellers of First Investment Bank (FIB, BGN 4.16, -0.48%) and Doverie (DUH, BGN 8.44, -1.40%) continued to be aggressive. The volumes slipped below the 15-days average though the trading activity wa...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 September 2024
The Bulgarian equity market dived during the session on Thursday as sizable losses in large-cap names defined the daily outcome for the indexes. First Investment Bank (FIB, BGN 4.18, -5.86%) met some significant selling pressure to BGN 4.00, but slightly improved in late hours and booked only 5.86% drop. Chimimport (CHIM, BGN 0.725, -2.68%), Monbat (MONB, BGN 2.78, -6.08%) and Trace Group (T57, BGN 6.45, -3.73%) weighed additionally, though the volumes were significantly lower than the 3-months ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 9 September - 13 September 2024
The lack of investors’ enthusiasm and the negative trend on Bulgarian stock market continued during the past week, as all major indexes finished with moderate losses. The local benchmark SOFIX decreased by 0.3% to settle at 865.95 and the broad ones – BGBX40 (169.31, -0.3%) and BGTR30 (866.70, -0.3%) performed similarly. The top gainer within our list of selected companies and a SOFIX member – Bulgarian Real Estate Fund (BREF, BGN 3.34, +7.7%) supported the sector index BGREIT ( 202.74, +1.2%). ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 10 September 2024
The Bulgarian equity market had a weak showing on Monday, following the last trading days’ recovery and the major indexes settled near their session lows on a narrow base. SOFIX (865.51) retreated by 0.39%, while the broad indexes BGBX40 (169.33, -0.32%) and BGTR30 (867.21, -0.25%) booked smaller losses as Eleven Capital (11C, BGN 17.30, +1.17), Bulgarian Real Estate Fund (BREF, BGN 3.20, +3.23%) and M+S Hydraulic (MSH, BGN 9.70, +2.11%) moved against the downside trend. Bulgarian Stock Exchange...
- 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 - 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 - 2 August 2024
The Bulgarian equity market showed some mixed actions on Thursday, leaving the major indexes under the surface in range between 0.37% and 0.28%. Chimimport (CHIM, BGN 0.735, -3.92%) erased some of its previous day gains and took a lead of SOFIX (864.86, -0.28%) movers’ list. The downside bias for the broad indexes was driven by Stara Planina (SPH, BGN 9.80, -3.92%) and Neochim (NEOH, BGN 20.00, -2.91%), but ultimately the activity was poor with low turnover.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 July 2024
SOFIX 847.68 (-0.16%) slightly retreated on Friday due to the drop of heavy Shelly (SLYG, BGN 69.80, -1.69%), Sirma Group Holding (SGH, BGN 1.00, -2.91%) and Sopharma (SFA, BGN 5.94, -0.34%). Support for the main index came from Bulgarian Stock Exchange (BSE, BGN 15.10, +2.03%), Advance Terrafund (ATER, BGN 3.23, +0.94%) and Bulgarian Real Estate Fund (BREF, BGN 2.52, +0.80%). Overall liquidity remained low; big bid/ask spreads were a prerequisite for huge volatility without significant daily vo...
- 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
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 - 19 June 2024
The announcement that 2.7% of Shelly (SLYG, BGN 68.40, -2.01%) were sold OTC at BGN 64.54 (EUR 33) by the majority shareholders disappointed investors and the company dropped by 2.01% thus weighing on the main index SOFIX (848.43, -0.44%). Agria (AGH, BGN 20.70, -2.36%) and Sopharma (SFA, BGN 5.86, -1.68%) also lost altitude with small daily turnover. The expected dividend distribution by the Moldavian bank raised Doverie United Holding (DUH, BGN 8.82, +2.56%) with moderate daily volume on Tuesd...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 27 May - 31 May 2024
Bulgarian stock market stumbled a bit last week, while the global markets also suffered pullbacks and volatility. The leading local index SOFIX lost 0.1% to close at 865.39, as the broad ones – BGBX40 (172.03, -0.2%), BGTR30 (852.38, -0.9%) performed a little bit worse. The top gainer within our list of selected companies was the SOFIX member First Investment Bank (FIB, BGN 4.56, +8.6%), followed by Trace Group Hold (T57, BGN 4.90, +7.5%). Agricultural Agria Group Holding (AGH, BGN 20.40, -7.0%)...
- 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 - 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...
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