reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 15 May 2024
The Bulgarian equity market ended the session on an upbeat note for seventh day in a row and the main indexes all settled near session highs. SOFIX (849.12) continued its recent outperformance, gaining 1.23% on Tuesday. The positive mood within the market resized new names apart from First Investment Bank (FIB, BGN 4.66), which added 18.88% to its market cap still without fresh news around the name, Agria Group (AGH, BGN 23.70) and Central Cooperative Bank (CCB, BGN 1.73) registered 7.73% and 4....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 29 January - 02 February 2024
Few companies from the industrial sector registered significant increase last week and led weekly gainers. Industrial Holding (IHB, BGN 1.90, +12.4%), Industrial Capital Holding (HIKA, BGN 3.06, +4.8%) and M+S Hydraulic (MSH, BGN 11.20, +2.8%). The Banking sector weighted on the market and all local indexes closed on the negative territory. Rumors about First Investment Bank (FIB, BGN 2.40, -26.4%) pushed the bank’s shares down followed by Central Cooperative Bank (CCB, BGN 1.53, -5.0%). SOFIX...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 February 2024
Opposite moves of index members fixed SOFIX at 786.68 (-0.13%). The jumps of Neochim (NEOH, BGN 23.60, +6.79%), Doverie (DUH, BGN 8.94, +2.05%) and BSE (BSE, BGN 14.15, +1.07%) partly offset the drops of First Investment Bank (FIB, BGN 3.12, -5.45%), Chimimport (CHIM, BGN 0.734, -3.42%) and M+S Hydraulic (MSH, BGN 10.80, -0.92%). Consolidation around current market levels continued and all other local indexes finished the day almost unchanged.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 June 2023
The Bulgarian market retreated from record high as the buying interest weakened and the retail started to collect some cash from the market. Allterco (A4L, BGN 27.20, -2.86%) and Chimimport (CHIM, BGN 0.712, -1.11%) weighed on SOFIX (680.23) and the main index declined by 0.50%. After the remaining part of the 25% stake of Telelink (TBS) was traded yesterday at BGN 9.50, the offer side decreased quickly and the price surged by 4.26% to BGN 9.80 in late hours. With some exceptions the activity wa...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 November 2022
The buying power weakened and all indexes on Bulgarian stock exchange finished on negative territory as financials were among Monday’s biggest laggards. Chimimport (CHIM, BGN 0.754, -2.58%) and Eleven Capital (11C, BGN 20.00, -3.85%) led the losers as the volumes of both names couldn’t near the 3-months average. FairPlay Properties (FPP, BGN 0.89, +27.86%) balanced on the opposite side, supported by the mix of companies from all sectors like tech company Allterco (A4L, BGN 19.70, +2.60%), heatin...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 October 2022
The emotional reactions and the positive wave of the world markets spread over BSE and all local indexes finished the day positive with SOFIX jumping the most to 583.54 (+2.21%). Doverie (DUH, BGN 7.08, +7.93%) attracted speculators and jumped on the ground of moderate daily volume, followed by Advance Terrafund (ATER, BGN 2.84, +3.27%), Bulgarian Real Estate Fund (BREF, BGN 2.08, +2.97%), First Investment Bank (FIB, BGN 1.79, +2.29%) and Neochim (NEOH, BGN 37.80, +2.16%). The overall liquidity ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 September - 23 September 2022
All indexes were affected by the negative global sentiment and finished deep in the red with SOFIX (589.13) sliding the most (-2.4%). 20 out of 29 names from our watchlist ended the week lower with Central Cooperative Bank (CCB, BGN 1.60, -7.5%) and Doverie United Holding (DUH, BGN 7.12, -6.6%) declining the most. The top gainer within our universe was Monbat (MONB, BGN 5.10, 6.3%), which jumped on a share buyback announcement. Both weekly volume and turnover (BGN 5.7m) fell significantly – 64% ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 September 2022
The negative sentiment on the world market dragged down the Bulgarian equities on Friday. All local indexes lost altitude but SOFIX 589.13 (-1.81%) dropped the most on the back of moderate daily volume. Central Cooperative Bank (CCB, BGN 1.60, -8.05%), Allterco (A4L, BGN 17.00, -6.59%), Telelink (TBS, BGN 13.00, -3.70%) and First Investment Bank (FIB, BGN 1.83, -3.17%) slumped under the selling pressure and poor liquidity. BGBX40 137.23 (-1.22%), BGTR30 715.40 (-1.52%) and BGREIT 180.45 (-0.72%)...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 5 September - 9 September 2022
Inflation fears, the lift of interest rates by the ECB and shaky world markets weighted on all local indexes last week but SOFIX (605.20) slipped the most by losing 1% WoW. Overall liquidity remained far away from the average one YTD and the market was losing buying power under the negative sentiment and panic sell-offs. It is of note that BSE’s index committee announced last week the new rebalancing of the local indexes which also imposed selling pressure on several companies. For a second cons...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 September 2022
The Bulgarian market retreated on Friday by totally erasing the previous day gains in a volatile session, which followed the world economic concerns. SOFIX (611.09) lost 0.76% and closed between its 50 and 200-days MA as Monbat (MONB, BGN 4.94, -3.14%) and Industrial Holding Bulgaria (IHB, BGN 2.00, -7.41%) weighed the most on the index and possible reason for the falls could be the upcoming rebalancing of the main index. Neochim (NEOH, BGN 38.60, +4.32%), Central Cooperative Bank (CCB, BGN 1.70...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 August - 26 August 2022
All local indexes finished the week on the negative territory but SOFIX 607.75 (-1.1%) dropped the most. Weekly turnover slipped by more than 50% to BGN 6.8m. compared to the average one YtD. Most of the H1 consolidated financial reports confirmed the good performance but liquidity issues and uncertainty over the war in Europe, inflation and world supply chain disruptions weighted on investors’ sentiment last week. The top weekly gainer within our universe was Stara Planina Hold (SPH, BGN 9.30, ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 August 2022
SOFIX (607.32) plunged 1.58% and closed below its 3 major MA’s as 10 out of 15 members of the index finished on red territory led by Allterco (A4L, BGN 18.75, -2.60%), Eurohold (EUBG, BGN 2.10, -2.78%) and the real estate sector, represented by Bulgaria Real Estate Fund (BREF, BGN 2.34, -2.50%) and Advance Terrafund (ATER, BGN 2.92, -2.01%). The advances of Bulgarian Stock Exchange (BSE, BGN 9.95, +2.80%) and Fair Play Properties (FPP, BGN 0.95, +9.20%) supported the broad indexes BGTR30 (735.94...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 15 August - 19 August 2022
SOFIX 614.33 (-0.76%) cut off its positive move from the beginning of August and closed negative last week. Some of the companies announced excellent H1 consolidated results last week but liquidity issues and geopolitical worries prevented upper price trends thus all local indexes retreated during the last five trading session. Double increase of sales and 16 times of the profit lifted Alcomet (ALCM, BGN 8.20, +5.1%) to the top of gainers grade while Telelink (TBS, BGN 14.05, +4.9%) attracted in...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 August 2022
SOFIX (613.90) increased 0.9% on Thursday, partially overcoming yesterday 0.21% decline, as investors took advantage of surged real estate prices and switched to production sector, represented by Industrial Holding Bulgaria (IHB, BGN 2.10, +2.94%), EMKA (EMKA, BGN 3.80, +4.40%) and Sopharma (SFA, BGN 4.44, 0.00%). The extended indexes BGBX40 (141.67, -0.25%) and BGTR30 (738.78, 0.00%) underperformed the benchmark as the fall of Stara Planina Hold (SPH, BGN 8.50, -5.56%) and Industrial Capital Ho...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 1 August - 5 August 2022
The weekly turnover came at BGN 3.5m. and remained below the average one YTD of BGN 4.3m., but as positive sentiment spread on the market last week all local indexes finished on green territory. SOFIX 608.44 (+1.5%) jumped the most on the ground of First Investment Bank (5F4, BGN 2.06, +7.3%), Monbat (MONB, BGN 5.20, +4.0%), Eurohold Bulgaria (EUBG, BGN 2.08, +4.0%) and Chimimport (CHIM, BGN 0.87, +3.1%). Excellent financial reports, released in the end of July, showed moderate increase in most ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 August 2022
Positive sentiment raised SOFIX 599.85 (+0.55%) on Wednesday. Sopharma (SFA, BGN 4.48, +2.28%), First Investment Bank (FIB, BGN 1.90, +1.60%), Telelink (TBS, BGN 13.00, +1.56%) and Sopharma Trading (SFT, BGN 4.96, +1.22%) supported the main index with insignificant daily volume. Only one index member, Doverie (DUH, BGN 6.80, -0.29%), lost altitude on the back of speculative trades. The daily gainer Sirma Group (SGH, BGN 0.79, +5.33%) jumped as the buying power prevailed the available supply and ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 4 July - 8 July 2022
All main indexes, except BGBX40, advanced last week as BGREIT (184.39) rose the most by 2.3% on the back of Bulgarian Real Estate Fund (BREF, BGN 2.38, +4.4%). The moves within our watchlist were mixed as equal number of companies – 13 were in the red and green, respectively. The top gainers were Alcomet (ALCM, BGN 8.50, +8.3%) and Gradus (GR6, BGN 1.45, +5.1%) on low volume trades, while the laggards were led by Neochim (NEOH, BGN 47.80, -15.4%) and Industrial Capital Holding (HIKA, BGN 3.20, -...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 July 2022
SOFIX (615.09) increased 0.68% on Friday, ending the weaving in a narrow range between the 50 and the 200-days MA. The real estate, bank sector and the pharmaceutical company Sopharma (SFA, BGN 4.62, +3.13%) supported the main index the most while Monbat (MONB, BGN 5.35, -2.73%) and Doverie United Holding (DUH, BGN 7.24, -0.55) finished on the negative side alone. The extended indexes BGTR30 (739.35, +0.23%) and BGBX40 (143.28, +0.32%) underperformed the main index as the decline of Speedy (SPDY...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 May 2022
The SOFIX (616.05) continued its uptrend by adding 1.09% on Wednesday in session with increased corporate news. Bulgarian stock exchange (BSE, BGN 10.70) surged by 8.08% after the news of DPS of BGN 0.42 and stock dividend, followed by Eurohold (EUBG, BGN 2.28), which raised 5.56% after the announcement of voluntary tender offer of the energy companies, owned by the holding. The courier company Speedy (SPDY, BGN 112.00) recovered by 10.89% in widen bid/ask spread and took its leading place among...
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 December 2021
The local indexes advanced with insignificant daily turnover, where SOFIX added 1.25% to 641.24. The top increases within the main index were by Eurohold Bulgaria (EUBG, BGN 2.46, +4.24%) and Allterco (A4L, BGN 25.00, +3.31%), both of which increased on a few low-volume trades. There were no notable moves on the negative side and none of the constituents booked significant turnover. The most traded within the main index was Sopharma (SFA, BGN 4.58, +0.44%), which made up 35.4% of the total daily...
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