reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 15 May 2025
The Bulgarian equity market settled mixed on Wednesday though the gainers prevailed slightly and SOFIX (941.47) booked a 0.28% gain. First Investment Bank (FIB, +2.88%) recovered to BGN 4.64 and Shelly (SLYG, EUR 39.00, +1.83%) continued its uptrend in this trading session, supporting all major indexes. Sirma Group (SGH, BGN 1.16, -3.33%) experienced less enthusiasm and weighed on the broad index BGBX40 (177.75), while the single trade with Sopharma Buildings (SFB, BGN 14.20, -5.33%) defined the...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 5 May - 9 May 2025
The Bulgarian stock market finished the last week on an upbeat mode as world markets continued to recover from the sharp pullback during the last months. The positive sentiment pushed the benchmark SOFIX up with 3.7% to settle at 927.04, while all other major indexes closed in green, ranging from 2.8% to 0.1%. The news about starting the procedure for dual listing of Sirma Group Holding (SGH, BGN 1.21, +11.0%) put the company on the top of the gainers in our list of selected securities, followed...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 May 2025
The Bulgarian equity market had a mixed showing on Wednesday, though all major indexes registered gains in range between 0.25% and 0.66% led by the tech sector. The news about started procedure for dual listing of Sirma Group (SGH, BGN 1.17, +5.41%) attracted investors and the price quickly reached BGN 1.18 as the optimism spread out and Shelly Group (SLYG, EUR 35.20, +1.44%) met some buying interest too. The trading activity was widely based and the volumes improved significantly compared to pr...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 May 2025
The Bulgarian stocks ended the week with no clear direction, as the leading local benchmark SOFIX lost 0.14% to close at 885.75. Trades with Advance Terrafund (ATER, BGN 3.02, -0.66%) formed more than half of SOFIX turnover, which pushed it above the 3-month average numbers. The top daily gainers within the benchmark were Doverie United Holding (DUH, BGN 8.24, +2.74 %), Bulgarian Stock Exchange (BSE, BGN 7.85, +2.61%) and Chimimport (CHIM, BGN 0.705, +2.17%). The high-tech blue chip Shelly Group...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 April 2025
The investors on the Bulgarian stock exchange remained in the “wait and see” mood and light volume trades defined the positive outcome for the main indexes. SOFIX (888.88) won 0.31%, led by the sharp move of Smart Organic (SO, BGN 30.40, +7.04%) and Bulgarian Stock Exchange (BSE, BGN 7.65, +1.32%). BGREIT (214.31, -0.15%) alone booked a loss as the negative price actions in Advance Terrafund (ATER, BGN 3.06, -1.29%) reflected on the REIT index. Trading activity was poor and the volumes continued...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 April 2025
The Bulgarian equity market registered gains on Wednesday, rebounding from the previous day losses, which settled the major indexes close to their daily highs. SOFIX (884.09) advanced 0.40% on the ground of small trades registered with First Investment Bank (FIB, BGN 3.98, +4.74%), Sopharma (SFA, BGN 5.80, +1.05%) and Chimimport (CHIM, BGN 0.70, +2.13%). The trading activity was poor like in the last few trading sessions with low volumes and a significant part of untraded index names. M+S Hydrau...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 March 2025
Positive sentiment on Friday raised SOFIX by 0.80% to 910.69, a level we haven’t seen since 2008. Eurohold (EUBG, BGN 1.94, +2.11%), First Investment Bank (FIB, BGN 4.08, +2.00%) and Shelly Group (SLYG, EUR 37.90, +1.61%) led the daily gainers with moderate daily volume. Negative impact on the main index came from Sirma Group Holding (SGH, BGN 1.10, -0.90%) and Wiser (WISR, BGN 4.90, -0.81%). BGBX40 (173.89, +0.56%) also registered green session on the back of Industrial Capital Holding (HIKA, B...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 March 2025
The Bulgarian market had a rough showing on Friday though the initial selling pressure in the early hours was replaced by more optimistic price actions at the end on the session. The major indexes settled mixed as Agria Group (AGH, BGN 20.40, -2.86%) and the heavy member Shelly Group (SLYG, EUR 37.50, -0.53%) weighed on the indexes, while M+S Hydraulic (MSH, BGN 9.35, +2.19%) and Smart Organic (SO, BGN 26.20, +2.34%) recovered the losses on the opposite side. SOFIX (904.25, -0.13%) slipped below...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 January 2025
Huge opposite moves fixed SOFIX (902.23, +0.60%) positive on Tuesday. Insignificant speculative trades raised Eurohold (EUBG, BGN 1.91, +4.95%) and fully offset the slump of Chimimport (CHIM, BGN 0.69, -3.50%), Bulgarian Real Estate Fund (BREF, BGN 4.14, -0.96%) and Sopharma (SFA, BGN 5.80, -0.68%). Shelly Group (SLYG, EUR 37.90, +1.07%) advanced on the back of good consolidated financial report and the company’s daily turnover represented 40% of SOFIX daily turnover.
- Martin Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 27 January - 31 January 2025
The Bulgarian stock market managed to end the week slightly higher on Friday, while global markets continued with the volatile performance. The local Benchmark SOFIX added 0.5% to settle at 892.36, as all the other major indexes closed up, ranging from 0.1% to 0.7%. The shares of three companies- SOFIX members were the top gainers within our list of selected names – Sirma Group Holding (SGH, BGN 1.00, +6.4%), Bulgarian Real Estate Fund (BREF, BGN 4.08, +4.1%) and Central Cooperative Bank (CCB,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 January 2025
There was some increased activity under the surface on a broad range of sectors, though the main indexes settled near previous session’s levels. Sirma Group (SGH, BGN 0.97, +2.11%) led the gainers and together with increased value of the real estate sector, settled SOFIX (891.87, +0.33%) and BGREIT (213.56, +0.11%) with gains. The widened Bid/Ask spreads accelerated the negative effect of the light-volume trades with Smart Organic (SO, BGN 23.40, -4.88%) and Stara Planina (SPH, BGN 8.65, -3.89%)...
Weekly bulletin - 20 January - 24 January 2025
All indexes on the BSE retraced during the last week with the blue-chip SOFIX falling the least (887.56, -0.3%), while the broader BGTR30 dropped the most (854.80, -0.8%). The gainers within out watchlist were led by Doverie United Holding (DUH, BGN 8.06, +3.3%), which rose on the news of record profits of its subsidiary Moldindconbank. On the other hand, Wiser Technology (WISR, BGN 4.80, -5.9%) and Neochim (NEOH, BGN 27.20, -4.2%) dropped the most. Both the volumes (+114.2% YtD average) and the...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 January 2025
A positive reaction to the latest financial data from the Moldavian Bank, the main subsidiary of Doverie (DUH, BGN 8.18, +4.87%) and increased buying interest in First Investment Bank (FIB, BGN 4.32, +1.89%) were the engine of this otherwise quiet first session of the week. The major indexes settled mixed as SOFIX (892.69) advanced by 0.27%, while BGBX40 (171.84, +0.08%) and BGTR30 (861.31, -0.05%) remained almost unchanged as the negative bias from Texim Bank (TXIM, BGN 3.60, -2.70%) and Sophar...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 23 December - 27 December 2024
The last short trading week finished almost unchanged on BSE, though the final statistic data showed some decent gains for all major indexes in range between 8% to 16.7% high YtD. First Investment Bank (FIB, BGN 4.32, +1.3%), Neochim (NEOH, BGN 27.00, +3.8%) and Eurohold (EUBG, BGN 1.99, +3.1%) were the weekly movers within our watch list though the decliners led the advancers by roughly 3-to-2 margin. The volumes expectedly remained lower than the average as Eurohold, Bulgarian Stock Exchange (...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 December 2024
Seven positive trading session in a roll fixed SOFIX (893.14, +0.26%) at level we haven’t seen since Sept 2008. The IT company Sirma Group Holding (SGH, BGN 0.97, +3.19%) and the heavy member Eurohold (EUBG, BGN 1.98, +2.59%) led the daily gainers while Agria (AGH, BGN 19.90, -2.45%) and Elana Agrocredit (EAC, BGN 1.08, -0.92%) pulled back the main index. SOFIX daily turnover increased and reached BGN 1.18m as block trades dominated the trading on Monday. All other indexes closed positive but BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 December 2024
The Bulgarian market has another solid showing on Friday and all major indexes settled higher on above-average volume. SOFIX (890.83, +1.32%) rewrote fresh 16-years high as Eurohold (EUBG, BGN 1.93) led the movers once again with 4.32% gain, supported by Chimimport (CHIM, BGN 0.71, +2.16%) and Sopharma (SFA, BGN 5.86, +2.45%). Few more block trades were registered in this trading session with less traded names like Velgraf (VAM, BGN 4.82, 0.00%), Chimcnab (CHSB, BGN 66.00, +0.76%) and Rodna Zemy...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 December 2024
The Bulgarian market was mixed on Friday but a narrow range of names registered significant deviations in otherwise quiet session. The major indexes settled with losses as SOFIX (846.60, -0.20%) erased part of previous day gain, following the negative price actions in Agria Group (AGH, BGN 19.70, -2.48%) and First Investment Bank (FIB, BGN 3.80, -4.04%), while the BGBX40 (166.09, -0.13%) and BGTR30 (850.17, -0.03%) performed slightly better, supported by Petrol (PET, BGN 0.89, +23.61%) and Sirma...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 November 2024
The indexes settled mixed on Tuesday, though the sellers were more aggressive, which defined the negative market sentiment. The negative bias stemmed largely from sell-offs in Sirma Group (SGH, BGN 0.98, -4.85%), Gradus (GR6, BGN 1.01, -6.48%) and Agria Group (AGH, BGN 20.00, -1.96%) and placed SOFIX (845.70) 0.17% lower. Volumes slightly improved within the benchmark index but still remained lower than the average for the last 15-days.
- 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
Morning Bulletin - 31 October 2024
The Bulgarian equity market had a mixed showing on Wednesday, though ultimately the main indexes were up in range from 0.39% to 0.74%. SOFIX (841.39, +0.40%) rebounded from its 200-day MA mainly supported by First Investment Bank (FIB, BGN 3.66, +5.17%) recovery after the announcement of Q3 financial data, which couldn’t reach the previous year results for the same period on the other hand. BGREIT (211.42) was the exception, following the pull back of the real estate sector and settled 0.41% low...
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