reports
- Mihail Dimitrov
- Nadejda Dafinkicheva
Weekly bulletin - 27 May - 30 May 2025
The Bulgarian stock market closed the last week on a positive note with the exception of the sector index BGREIT (219.49, -0.6%). The benchmark SOFIX (999.39) was the top gainer with 1.8% rise, reflecting the impressive performance of the index members Bulgarian Stock Exchange (BSE, BGN 9.55, +11.0%), Doverie United Holding (DUH, BGN 9.0, +5.9 %) and high-tech blue chip Shelly Group (SLYG, EUR 45.70, +5.3%). Monbat (MONB, BGN 2.34, -6.4%) was the top loser on our list of selected securities, as ...
- 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 - 27 May 2025
Positive sentiment on the local market closed SOFIX at 981.53 (+0.68%) and registered a new 52-week high of 983.86, reached in the early trading session. Telematic Interactive (TIB, BGN 22.00, +1.85%) and Bulgarian Real Estate Fund (BREF, BGN 4.58, +1.78%) led the daily gainers within main index area. The IT sector pulled back the main index as Sirma Group Holding (SGH, BGN 1.43, -2.05%) and Wiser (WISR, BGN 5.35, -0.93%) lost altitude on Friday. Liquidity slightly increased as SOFIX daily turno...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 6 February 2025
The Bulgarian equity market traded with positive bias, though indexes’ performance was mixed due to sharp declines in less traded names with widen Bid/Ask spreads. SOFIX (892.82, +0.39%) was among the gainers led by Bulgarian Stock Exchange (BSE, BGN 7.55, +2.03%) and Central Cooperative Bank (CCB, BGN 1.69, +4.32%), though the advance could be higher if the late hours trades with Bulgarian Real Estate (BREF, BGN 4.06, +1.00%) didn’t erase the daily gain of 3.44%. The price actions with compensa...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 August 2024
Investors calmed down on Tuesday and after the red start of the week SOFIX slightly recovered and closed positive at 850.29 (+0.11%). First Investment Bank (FIB, BGN 4.86, +1.67%), Elana Agrocredit (EAC, BGN 1.07, +1.90%) and Advance Terrafund (ATER, BGN 3.25, +1.88%) supported the main index while M+S Hydraulic (MCH, BGN 9.50, -3.06%) and Agria (AGH, BGN 20.10, -2.43%) suffered from selling pressure. More than 60% of daily turnover within the main index came from Sopharma (SFA, BGN 5.86, -0.34%...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 June 2024
The overall activity in the Bulgarian equity market on Tuesday was weak, the decliners-advancers line was almost in equilibrium with lack of conviction from both sides and the major indexes settled flat. SOFIX (841.05, -0.01%) ended on a tick lower as M+S Hydraulic (MSH, BGN 10.00) stood out with 3.85% loss. The daily volumes were poor, though the trading activity with Sopharma (SFA, BGN 5.96, -0.33%) impacted the daily statistic and the turnover exceeded 5 times the 3-months average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 June 2024
The trading activity weakened on Thursday and the major indexes remained flat in a range between 0.06% and 0.16%. SOFIX (851.93) advanced 0.06% as some heavy-weighted names like Shelly Group (SLYG, BGN 69.60, +0.87%) and Advance Terrafund (ATER, BGN 3.18, +0.95%) impacted the index performance, though the volumes were poor. The turnover was 26% from the 3-months average and reconfirmed the luck of investment interest for this period of the year.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 June 2023
The Bulgarian equity market closed in balance between advancers and decliners as all major indexes registered small changes. SOFIX (668.81, -0.04%) finished below its previous close, dragged down by Eurohold (EUBG, BGN 1.74, -1.14%) and supported by Bulgarian Stock Exchange (BSE, BGN 9.72), which increased by 2.32% after the news of higher voted dividend than was announced previously. The turnover of Sopharma (SFA, BGN 5.36, 0.00%) exceeded significantly the 3-month average again and in combinat...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 May - 26 May 2023
The Bulgarian stock market lost its strong momentum from the recent weeks, but managed to end the last one on the green side as investors lost some of the risk appetite and remained cautious. At the close in Sofia the benchmark SOFIX added 1.0% to settle at 663.38, while the broad ones BGBX40 (146.73, 0.0%) and BGTR30 (745.65, +0.4%) were broadly flat this past week. The advancers outnumbered the decliners in our list of selected companies by 13-to-10 as the top performers were Allterco (A4L, BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 10 April 2023
Opposite moves of SOFIX (611.07, +0.10%) members fixed the main index slightly positive. The financial sector weighed in the early trading hours as Central Cooperative Bank (CCB, BGN 1.40, -6.67%) slumped, followed by Eurohold (EUBG, BGN 1.40, -2.10%), First Investment Bank (FIB, BGN 2.10, -1.87%) and Chimimport (CHIM, BGN 0.738, -0.27%). The main index was supported by a few heavy names – Sopharma (SFA, BGN 5.40, +2.27%), Bulgarian Real Estate Fund (BREF, BGN 2.26, +1.80%) and Doverie (DUH, BGN...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 24 October - 28 October 2022
Positive last week lifted SOFIX at 587.80 (+1.4% WoW), BGBX40 (136.35, +1.2% WoW) and BGTR30 (711.25, +1.2% WoW). Overall liquidity slightly increased to BGN 12.6m but it is still below the average one YTD of BGN 14.5m. Excellent Q3 financial reports and corporate news ranged Neochim (NEOH, BGN 46.00, +13.9%) and Telematic Interactive (TIB, BGN 15.80, +7.5%) on the top of weekly gainers. It is of note that industrial production reported the best performance in Q3 according to financial reports r...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 October 2022
The start of the week was mixed with SOFIX (580.18) adding 0.13% mainly led by financial stocks Doverie United Holding (DUH, BGN 7.00, +2.94%) and First Investment Bank (FIB, BGN 1.85, +2.78%). The broader index BGBX40 (134.59) lost 0.10% as Gradus (GR6, BGN 1.30, -5.11%) and FairPlay Properties (FPP, BGN 0.82, -3.71%) weighed the most on the index, while BGTR30 (703.22) ended on a note higher 0.07%, being more balanced between advancers and decliners. Block trades with Allterco (A4L, BGN 17.00,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 17 October - 21 October 2022
World stock markets showed a glimmer of optimism last week as investors were trying to evaluate the outgoing third-quarter earnings results. At the close in Sofia the main index SOFIX (579.43) ended the week 0.4% lower. BGBX40 (134.72) and BGREIT (177.34) closed the week unchanged while BGTR30 (702.70) slightly increased by 0.1%. 14 out of 29 names on our watchlist finished on red territory last week and only 10 weighed on the upside. The top gainer was Gradus (GR6, BGN 1.37) which jumped 7.0...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 October 2022
Wednesday’s moves were choppy for the traded names and the major indexes ended mixed as SOFIX (579.58) and BGTR30 (699.70) declined 0.05% and 0.06%, respectively, while BGBX40 (134.25) added 0.04%. The previous days advancers, Allterco (A4L, BGN 16.45, -2.95%) and Sirma Group (SGH, BGN 0.725, -3.33%), retreated and led the loser within the benchmark index, while the financials, represented by Chimimport (CHIM, BGN 0.78, +4.00%) and Doverie United Holding (DUH, BGN 6.98, +2.35%) balanced the inde...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 July 2022
All major indexes on the Bulgarian stock market moved on a higher note on Thursday, the last trading day of the month, ranging from 0.02% to 0.73%. SOFIX (613.21) advanced by 0.12% led by the increase of Alterco (A4L, BGN 18.75) by 3.59% in late hour of the trading session and the recovery of Chimimport (CHIM, BGN 0.90) by 2.51%, but the decline of First Investment Bank (FIB, BGN 1.89, -3.08%) and Doverie Inited Holding (DUH, BGN 7.32, -2.40%) almost offset the gains. The volumes slipped and rem...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 23 May - 27 May 2022
All main indexes finished on red territory last week as only the broad BGTR30 (737.01) moved North and gained modestly 0.4%. The main index SOFIX (613.62) decreased by 0.8%, followed by 0.4% fall of both BGBX40 (145.73) and BGREIT (180.91). Despite the negative weekly performance, the indices registered some improvement on Thursday and Friday on hopes of an eventual slowdown in U.S. monetary tightening later this year and end of the lockdowns in Shanghai. For a first time in a while the total tu...
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 7 March - 11 March 2022
All major indexes rebounded last week as BGTR30 (681.61) increased the most by 2.0%, while SOFIX (579.31) advanced only 0.9%. 20 out 29 names in our watchlist finished on green territory as Agria Group Holding (AGH, BGN 19.10) led the gainers by 28.2% surge, followed by Neochim (NEOH, BGN 40.00, +15.6%) and Alterco (A4L, BGN 18.10, +11.0%). Eurohold Bulgaria (EUBG, BGN 2.12, -7.0%) finished on the opposite side together with Korado Bulgaria (KGB, BGN 6.50, -5.1%) and Sopharma (SFA, BGN 4.36, -2....
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 10 March 2022
SOFIX (576.23) rallied 5.29% on Wednesday as the deep buyers, encouraged by the drop of the oil prices, entered the Bulgarian market. The extended indexes BGBX40 (134.57) and BGTR30 (676.49) advanced 3.93% and 2.28%, respectively. Doverie United Holding (DUH, BGN 7.58, +17.70%) led the gainers with significant volume, followed by Eurohold (EUBG, BGN 2.24, +12.00%) whose turnover remained far below the 3-months average. Allterco (A4L, BGN 17.50, +9.38%) and Monbat (MONB, BGN 5.60, +8.74%) were in...
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 7 February - 11 February 2022
SOFIX (622.52) fell additional 0.6% last week, resulting in 2.1% loss YtD. BGTR30 (703.99) on the other hand advanced 0.7% on weekly basis and became top gainer by 3.1% increase from the beginning of the year, mainly supported by the jump of Neochim (NEOH, BGN 44, +11.1%) and Agria Group Holding (AGH, BGN 14.50, +5.8%) in the last week. Eurohold Bulgaria (EUBG, BGN 2.38, -4.0%) and First Investment Bank (FIB, BGN 1.77, -3.8%) finished as top losers in our watch list, while Allterco (A4L, BGN 19...
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 14 February 2022
SOFIX (622.52) lost only 0.10% on Friday, overcoming an early decline of 0.97%, while all other main indexes finished on the positive side. Allterco (A4L, BGN 19.80, -1.00%) and Eurohold Bulgaria (EUBG, BGN 2.38, -0.83%) were the only losers within the benchmark index, while other 5 out of 15 ended unchanged. EMKA (EMKA, BGN 3.50, +5.42%), Gradus (GR6, BGN 1.35, +3.85%) and Eleven Capital (11C, BGN 20.20, +3.59%) supported the extended indexes on the ground of small trades and turned the outcome...
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