reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 July 2025
A buying interest in Sopharma (SFA, BGN 7.20, +2.86%) and Chimimport (CHIM, BGN 0.715, +2.14%) balanced the negative moves of Shelly (SLYG, EUR 47.90, -2.64%) and Bulgarian Stock Exchange (BSE, BGN 9.10, -2.15%). As a result, SOFIX (1025.22) finished the session unchanged on the first trading day of the week. Monbat (MONB, BGN 2.26, -2.59%), M+S Hydraulic (MSH, BGN 9.60, -3.03%), and Speedy (SPDY, BGN 187.00, -7.43%) weighed on the broad indexes and BGBX40 (188.01, -0.42%) and BGTR30 (937.32, -0...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 June 2025
SOFIX (999.39, +0.58%) closed a few ticks away from the psychological level of 1000, something we haven’t witnessed since 2008. The excellent Q1 financial results raised Doverie United Holding (DUH, BGN 9.00, +3.45%) while Sirma Group Holding (SGH, BGN 1.46, +2.10%) jumped on the back of buy-back buying power. Ex-dividend date weighed on Advance Terrafund (ATER, BGN 2.92, -2.01%) while Smart Organic (SO, BGN 31.20, -2.50%) and First Investment Bank (FIB, BGN 5.10, -1.54%) suffered from small spe...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 May - 23 May 2025
The Bulgarian stocks marked a positive week, while the global markets suffered pullbacks and volatility, as new threats were tapping the brakes on investor optimism. The local benchmark SOFIX added 2.6% to settle at 981.32 and the broader BGBX40 (183.32, +1.7%) and BGTR30 (922.11, +2.6%) moved similar. Three SOFIX members were the top gainers in our list of selected securities – the technology blue chips Sirma Group Holding (SGH, BGN 1.43, +19.2%) and Wiser Technologies (WISR, BGN 5.35, +7.4%) a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 May 2025
The Bulgarian equity market finished a volatile session on firmly higher note with SOFIX (995.81, +1.45%) on its way to 1000 points, followed by BGBX40 (185.17, +1.01%) and BGTR30 (926.39, +0.46%) in the first trading day of the week. Bulgarian Stock Exchange (BSE, BGN 9.30, +8.14%), Shelly (SLYG, EUR 46.00, +5.99%) and Sopharma (SFA, BGN 6.68, +2.14%) began on a high note and steady added to their gains as the session carried on, though Sirma Group (SGH, BGN 1.40) and Smart Organic (SO, BGN 32....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 May 2025
The huge volatility brought increased liquidity and turnover on Thursday. SOFIX (974.94, -0.09%) remained almost unchanged as opposite moves of index members offset the enormous fluctuations. Wiser (WISR, BGN 5.40, +8.00%), Central Cooperative Bank (CCB, BGN 1.65, +3.13%) and Chimimport (CHIM, BGN 0.73, +3.55%) highlighted the trading session while First Investment Bank (FIB, BGN 5.04, -3.82%) and Smart Organic (SO, BGN 33.00, -2.37%) retreated under the profit taking pressure. BGREIT (219.81, -...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 12 May - 16 May 2025
The local stock market gained some steam last week and ended on a positive note, ranging from 0.8% to 3.2%. The benchmark SOFIX added 3.2% to settle at 956.86, strongly supported by the renewed buying interest in high-tech blue chip Shelly Group (SLYG, EUR 42.80, +17.3%). The share became the weekly top gainer within our list of selected companies, followed by the less interesting Industrial Capital Holding (HIKA, BGN 2.56, +4.9%) and Monbat (MONB, BGN 2.60, +4.0%). On the other side, Speedy (SP...
- 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 - 30 April 2025
The Bulgarian equity market continued to be sluggish and the main indexed finished with small changes on Wednesday. Shelly (SLYG, EUR 33.70, +1.81%) and First Investment Bank (FIB, BGN 3.98, +1.53%) supported the indexes with moderate buying interest, while Eleven Capital (11C, BGN 13.00, -5.80%) and Agria Group (AGH, BGN 21.60, -3.57%) took over some sell pressure and placed BGTR30 (868.18, -0.36%) on negative territory. The volumes remained low as the trading activity was poor, though block tr...
- 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 - 27 February 2025
Agria Group Holding (AGH, BGN 20.50, +3.54%) announced neutral performance in Q4’24 while Shelly (SLYG, EUR 38.30, +1.06%) met the expectations but both companies raised their prices on Wednesday. SOFIX (898.54, -0.41%) retreated under the negative pressure of Eurohold (EUBG, BGN 1.81, -5.24%), Central Cooperative Bank (CCB, BGN 1.64, -2.96%) and Doverie United Holding (DUH, BGN 7.90, -1.00%). Bulgarian Real Estate Fund (BREF, BGN 4.22, +1.93%) jumped without corporate news with moderate daily t...
- 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.
- 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 - 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 - 22 November 2024
The buying power weakened and the Bulgarian equity market shortly shifted into earlier defined mid-term downtrend as investors took the opportunity to go cash. The late hour trades with Shelly Group (SLYG, EUR 34.40, +0.29%) disguised the 5.24% drop during the session, caused by aggressive sell-offs and minimized the losses of major indexes on Thursday. The negative bias from Chimimport (CHIM, BGN 0.70, -2.10%) and Sirma Group (SGH, BGN 1.02, -2.86%) reflected on SOFIX (852.07, - 0.27%) and the ...
- 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 ...
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