Moderate increase of the weekly turnover did not bring significant price change as SOFIX 910.69 added 0.4% w-o-w while all the other indexes finished the week without change. Absence of corporate news and poor liquidity left a room for speculative trades with big daily fluctuations and insignificant volumes. Risk appetite raised Agria Group Holding (AGH, BGN 22.8, +5.3%) to the top place of the weekly gainers while profit taking placed Gradus (GR6, BGN 1.13, -7.4%) among the top weekly losers. N...
The Bulgarian equity market had a mixed showing on Thursday with low volatility among active names. Positive price action with Chimimport (CHIM, BGN 0.735, +2.08%), placed SOFIX (903.42, +0.20%) and BGTR30 (879.53, +0.10%) slightly above previous day levels, while logged losses of Korado (KBG, BGN 4.20, -2.78%) and M+S Hydraulic (MSH, BGN 9.30, -3.63%) weighed on BGBX40 (172.93) and the broad index declined by 0.02%. The daily volumes continued to be comparable with the 15-days average within th...
Selling pressure ruled the trading and SOFIX (803.52, -0.12%) closed in red on Wednesday. Chimimport (CHIM, BGN 0.682, -3.13%), First Investment Bank (FIB, BGN 2.42, -1.63%) and Sopharma (SFA, BGN 6.24, -1.27%) fully offset the positive moves of Sirma Group Holding (SGH, BGN 0.75, +2.74%) and M+S Hydraulic (MSH, BGN 10.40, +1.96%). 1.76m shares of Gradus (GR6, BGN 1.70, +13.33%) lifted the company to daily top gainers’ place and pushed up BGTR30 (813.04, +0.53%) and BGBX40 (164.71, +0.31%).
Bulgarian Stock Exchange (BSE, BGN 15.05, -3.53%), First Investment Bank (FIB, BGN 2.46, -1.60%), Holding Varna (HVAR, BGN 44.60, -0.89%) and Doverie United Holding (DUH, BGN 9.08, -0.44%) weighed on SOFIX (804.48, -0.13%) and the main index closed in red on Tuesday. 1.26m shares of Sirma Group (SGH, BGN 0.73, +1.39%) changed hands and pushed the IT company up while speculative trades raised Advance Terrafund (ATER, BGN 3.36, +0.90%).
Tuesday’s trade on BSE shaped up to be mostly on the positive side as the upside bias was supported by announced positive financial data for Q1. SOFIX (610.08, +0.45%) rebounded from its 200-day MA after a retreat in the last few sessions as the trades were registered mainly on the offer side, like Gradus (GR6, BGN 1.47, +2.80%) and Neochim (NEOH, BGN 37.40, +2.75%). The activity, on the other hand, remained poor and the volumes continued to stay low.
The Bulgarian stock market showed some good optimism last week as stabilized sentiment and increased investors’ confidence pushed the main indexes higher. The local benchmark SOFIX added 1.6% to settle at 610.79 and the broad ones- BGBX40 (140.23) and BGTR30 (723.66) performed similarly, gaining 1.2% on a weekly base. Both weekly volume and turnover showed great improvement, exceeding the YTD average by 186.1% and 33.3% respectively, mainly due to block trades with generally illiquid names. ...
SOFIX (605.26, +0.60%) finished a note below its high for the day and kept close position to its 200-MA with mixed results in the bank sector, Central Cooperative Bank (CCB, BGN 1.43, +2.14%) and First Investment Bank (FIB, BGN 2.06, -5.50%), along with handful of positive financial data around real estate, Advance Terrafund (ATER, BGN 3.40, +4.29%). The main focus of the investors was on the benchmark index with increased turnover for 7 out 15 members and the volumes at its 15-day average. The ...
The Bulgarian stock market finished a volatile session reflecting the mixed quarterly results and outlook, which drove a continued rebound in financials. SOFIX (616.38) gained 0.31% led by the manufacturer of fertilizers and nitrogen compounds Neochim (NEOH, BGN 42.60, +5.97%), which released much better than expected financial results and by Eurohold (EUBG, BGN 1.79, +2.29%), while the broad indexes BGBX40 (141.10) and BGTR30 (741.64) suffered from the declines of Monbat (MONB, BGN 4.38, -3.10%...
The local indexes finished in the red with the only exception being BGREIT (180.64). The top gainer within our universe was Neochim (NEOH, BGN 54.50) which jumped 9.0% supported by news for a record dividend. Agria Group Holding (AGH, BGN 28.70, +4.4%) increased notably as well, while the top losers were Alcomet (ALCM, BGN 7.50, -10.7%) and First Investment Bank (FIB, BGN 1.95, -8.9%). Weekly turnover fell 56% compared to the average YtD with the most traded within our universe being Doverie Uni...
SOFIX (630.27) fell 0.78% for third day in row on Tuesday as the investors braced for further downside in unknown future. Doverie United Holding (DUH, BGN 7.68) dropped by 10.90% as the latest news around Moldova increased the risk in name. Sopharma Trading (SFT, BGN 4.50, -5.46%) and Allterco (A4L, BGN 20.50, +2.84%) were some of the most influential laggards in this trading session. Central Cooperative Bank (CCB, BGN 1.44, +2.86%), Advance Terrafund (ATER, BGN 3.44, +2.38%) and Chimimport (CHI...
All major indexes recorded a positive week as SOFIX (635.10) increased the most by 4.00% while BGTR30 (681.61) jumped by solid +3.3%. 20 out of 29 names in our list of selected companies finished on green territory as Neochim (NEOH, BGN 56.00) and Doverie United holding (DUH, BGN 9.10) led the gainers by 19.7% and 19.1% respectively, followed by Agria Group Holding (AGH, BGN 27.80, +13.0%). The expectation for a dividend distribution highlighted Bulgarian Stock Exchange (BSE, BGN 9.40, +6.8%...
SOFIX closed up 1.33% or 8.34bp on Friday as the mainly positive direction of the blue chips drove this movement. Central Cooperative Bank (CCB, BGN 1.53, +9.29%), Chimimport (CHIM, BGN 1.025, +4.17%) and First Investment Bank (FIB, BGN 2.58, +4.03%) were the top gainers, supporting the index. Allterco (A4L, BGN 19.60, +3.16%) and Sopharma Trading (SFT, BGN 4.88, +2.52%) were also on a positive side while Sopharma (SFA, BGN 4.48, -1.32%), Monbat (MONB, BGN 5.50, -0.90%) and Telelink (TBS, BGN 14...
SOFIX (541.66) slipped by 0.54% for second day in a row on Monday and ended at the daily bottom after moderate surge during the day. Allterco (A4L, -5.10%) weighed the most of the main index as aggressive sellers looked for cash and pushed the price of the tech company deep to BGN 18.60. The extended indexes BGBX40 (133.20, +0.07%) and BGTR30 (648.92, -0.06%) performed better compared to the benchmark as the gains of the delivery company Speedy (SPDY, BGN 114.00, +5.56%), which continued to grow...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The local indexes slipped, where SOFIX shrank by 0.81% to 563.76. The top movers within the main index were Eurohold Bulgaria (EUBG, BGN 2.50, -3.85%) and Allterco (A4L, BGN 17.50, -2.23%), both of which dropped on a few trades and with low volume. First Investment Bank (FIB, BGN 1.675, -2.05%) also slipped notably, while there were no other substantial price changes and none of the constituents booked significant turnover. BGREIT added 0.20% to 159.24, with the increase being entirely on the ba...
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