reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 September - 20 September 2024
The Bulgarian stock market continued the downtrend from the previous weeks with mixed actions and poor turnover. The local benchmark SOFIX lost 1.0% to close at 857.19, as other main indexes – BGBX40 (168.32, -0.6%) and BGREIT (204.38, +0.8%) showed opposite performance. Trace Group Hold (T57, BGN 6.50, +14.0 %) was the top gainer within our list of selected companies, followed by Sopharma Trading (SFT, BGN 5.95, +2.6%) and Bulgarian Real Estate Fund (BREF, BGN 3.36, +0.6%). Declining stocks out...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 September 2024
The Bulgarian equity market closed the first day of the week on a downbeat note with above the 3-months average turnover. The previous days movers Central Cooperative Bank (CCB, BGN 1.64, -3.53%), Bulgarian Stock Exchange (BSE, BGN 7.85, -2.48%) and M+S Hydraulic (MSH, BGN 9.25, -2.63%) continued to impact the major indexes due to tiny Bid/Аsk order book and increased volatility. All major indexes settled on negative territory in range between 0.71% and 0.06% while large-cap names like Sopharma ...
- 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 - 17 July 2024
SOFIX 857.65 lost 0.16% on Tuesday reflecting the crash of Central Cooperative Bank (CCB, BGN 1.57, -3.68%), M+S Hydraulic (MSH, BGN 9.90, -2.94%) and Eurohold (EUBG, BGN 1.45, -2.03%). Insignificant daily volume raised the value of Sopharma (SFA, BGN 5.88, +1.38%), First Investment Bank (FIB, BGN 4.48, +0.90%) and Chimimport (CHIM, BGN 0.715, +0.70%). BGREIT 191.08 (+0.48%) jumped on the ground of small speculative trades with Sopharma Buildings (SFB, BGN 13.40, +7.20%).
- 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 - 10 June - 14 June 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX lost 1% to settle at 853.13. The broader BGBX40 (169.48, -0.70%) and BGTR30 (854.30, +0.20%) performed in different directions, while BGREIT (190.42, +1.20%) gained the most. The decliners outnumbered the advancing stocks in our list of selected companies by 15-to-10 as the top performers were SOFIX member Agria Group (AGH, BGN 21.60, +7.5%) and Gradus (GR6, BGN 1.50, +5.6%). On the negative side the list of ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 June 2024
The Bulgarian equity market finished the first day of the new week with losses and all main indexes settled on negative territory in range between 0.74% to 0.50%, as BGREIT (188.84) finished with 0.32% gain, supported by Advance Terrafund (ATER, BGN 3.21, +1.58%). Turnaround actions with Eurohold (EUBG, BGN 1.49, -5.10%) and Sirma Group (SGH, BGN 0.92, -3.66%) in this session placed SOFIX (855.63, -0.74%) at the bottom of the chart as selling interest increased with late uptrend of both names. T...
- 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
Weekly bulletin - 20 May - 23 May 2024
The Bulgarian stock market kept its positive momentum from the recent weeks and managed to end the last one on the green side as investors remained active in some particular positions like Shelly Group (SLYG, BGN 74.80, +3.8%). At the close in Sofia the benchmark SOFIX added 1.2% to settle at 866.45, while the broad ones BGBX40 (172.29, 0.7%) and BGTR30 (859.84, +0.2%) showed more modest increase. The advancers outnumbered the decliners in our list of selected companies by 11-to-10 as the top pe...
- 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 - 25 April 2024
The Bulgarian equity market finished strong on Wednesday concentrated in a narrow range of names, leaving the major indexes close to their 15-years highs. SOFIX (816.99) advanced by 1.48%, while the broad indexes BGTR30 (820.87) and BGBX40 (165.76) added 0.60% and 0.92%, respectively. First Investment Bank (BSE, BGN 2.90, +4.32%), M+S Hydraulic (MSH, BGN 12.10, +6.14%) and Eurohold (EUBG, BGN 1.35, +3.05%) settled higher while other 5 out 15 names remained untraded. The volumes, on the other han...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 15 April - 19 April 2024
Bulgarian stock indexes ended last week on a negative note, after the tone in global markets seems to have shifted with continuing uncertainty and volatility. The leading local index SOFIX lost 0.5% to close at 805.96, as extended indexes BGBX40 (164.27) and BGTR30 (809.49) declined by -0.5% and -0.8% respectively, repeating benchmark presentation. The weekly top performer within our list of selected companies was the industrial Alcomet (ALCM, BGN 7.0, +7.7%), followed by Speedy (SPDY, BGN 165...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 April 2024
SOFIX (810.58, +0.09%), BGBX40 (165.23, +0.08%) and BGTR30 (816.78, +0.05%) closed green on Monday while BGREIT (191.61) remained unchanged despite the notable daily turnover of BGN 2.26m. The daily gainer within SOFIX area, Sopharma (SFA, BGN 6.14, +1.32%), jumped without significant volume while Chimimport (CHIM, BGN 0.68, -2.86%) and Doverie United Holding (DUH, BGN 8.48, -2.30%) suffered from a huge selling pressure.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 April 2024
SOFIX (807.70, +0.03%) barely survived on positive territory as First Investment Bank (FIB, BGN 2.56, +4.92%), Holding Varna (HVAR, BGN 45.00, +2.27%) and Advance Terrafund (ATER, BGN 3.40, +1.80%) fully offset тхе drops of M+S Hydraulic (MSH, BGN 10.40, -6.31%), Sirma Group (SGH, BGN 0.73, -2.67%) and Bulgarian Real Estate Fund (BREF, BGN 2.52, -2.33%). Institutional investors stayед away from trading and daily turnover decreased to 40% of the average one YTD.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 26 February - 1 March 2024
The trading activity was poor last week on BSE and the broad indexes settled almost unchanged – BGBX40 (162.87, +0.4%) and BGTR30 (809.22, 0.0%). SOFIX (793.16) took some advantage from the weekly gainers Bulgarian Stock Exchange (BSE, BGN 15.60, +9.10%) and Sopharma (SFA, BGN 6.36, 5.30%) and outperformed by 1.0%. The advance-decline line favored decliners by a 13 to 11 margin in our watchlist, while the weekly volumes declines by 32% compared to the YtD average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 March 2024
All indexes closed positive before the holidays. SOFIX (793.16, +0.60%) moved North on the wings of Neochim (NEOH, BGN 22.00, +4.27%), Sopharma (SFA, BGN 6.36, +3.25%), Sopharma Trading (SFT, BGN 5.80, +3.57%) and First Investment Bank (FIB, BGN 2.86, +2.14%). Shelly (SLYG, BGN 58.60, -1.01%) and Elana Agrocredit (EAC, BGN 1.07, -0.93%) weighed on the main index but positive sentiment prevailed the sellers on Friday.
- 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 - 20 February 2024
All major indexes on Bulgarian stock exchange finished in negative territory reflecting minor volume trades in widened Bid/Ask spreads. SOFIX (781.73) slipped 0.46% and ultimately finished on the level from the beginning of the month as the decliners led by 4-to-1 margin. A single trade with less traded name Galata Investment (GTH, BGN 2.50, 0.00%) impacted daily turnover the most, which otherwise remained weak and far below the 15-day average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 05 February - 09 February 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX added 0.1% to settle at 781.02, while the broad ones BGBX40 (161.99, +0.5%) and BGTR30 (802.18, -0.5%) ended in opposite directions. The weekly top performer within our list of selected companies was First Investment Bank (FIB, BGN 2.68, +11.7%), followed by Telematic Interactive (TIB, BGN 15.20, +10.1%) and Stara Planina Hold (SPH, BGN 10.80,+5.9%). On the red side the list started with Alcomet (ALCM, BGN 6...
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