The Bulgarian equity market had a strong showing in the middle of the week and all major indexes settled with gains in range between 0.25% and 1.03%. The participants in the improvement were in narrow range but from different sectors and basically the effect came from small trades with Doverie (DUH, BGN 8.22, +2.75%), Speedy (SPDY, BGN 216.00, +8.00%) and Sirma Group (SGH, BGN 1.05, +2.94%). Renewed buying interest appeared in Agria (AGH, BGN 20.10, +2.55%) and Neochim (NEOH, BGN 28.20, +9.30%) ...
Bulgarian equity market rose modestly in the second week of October, as the end of the third-quarter earnings season for the companies showed mixed results and did not manage to point the market to a clearer direction. The local Benchmark SOFIX added 0.8% to settle at 854.17, as all the other major indexes closed up, ranging from 0.2% to 1.4%. A newly announced fourth dividend distribution this year by Telematic Interactive (TIB, BGN 20.60, +15.7%) put the name of the company on the top of the g...
The Bulgarian equity market had a mixed showing on Wednesday, though ultimately the main indexes were up in range from 0.39% to 0.74%. SOFIX (841.39, +0.40%) rebounded from its 200-day MA mainly supported by First Investment Bank (FIB, BGN 3.66, +5.17%) recovery after the announcement of Q3 financial data, which couldn’t reach the previous year results for the same period on the other hand. BGREIT (211.42) was the exception, following the pull back of the real estate sector and settled 0.41% low...
The lack of investors’ enthusiasm and the negative trend on the Bulgarian stock market became more visible during the past week and all major indexes finished with losses. The local benchmark SOFIX decreased by 0.8% to settle at 847.18, while the broad ones – BGBX40 (167.02, -1.6%) and BGTR30 (853.24, -1.8%) performed worse. Speedy (SPDY, BGN 224.00, +3.7%) led the list of gainers within our list of selected companies, followed by the SOFIX members Sirma Group Holding (SGH, BGN 1.08, +1.9%) and ...
SOFIX (847.18, +0.12%) confirmed the tied range from the last 6 months /860 – 830/ and small daily fluctuations with poor liquidity fixed the main index almost unchanged. Most institutional investors stood away from trading as Q3-2024 financial results are to be released in the next few days and trading was dominated by retail investors. Small daily volumes with Agria (AGH, BGN 19.60, +1.55%), Sirma Group Holding (SGH, BGN 1.08, +1.89%) and Doverie United Holding (DUH, BGN 8.00, +1.01%) fully of...
The Bulgarian equity market faced some selling pressure on Monday and settled all main indexes with losses in range between 1.11% to 0.69%. Downside bias was the result of widened Bid/Ask spreads for Bulgarian Real Estate Fund (BREF, BGN 3.84, -3.03%) and Chimimport (CHIM, BGN 0.705, -2.76%) and aggressive sellers of First Investment Bank (FIB, BGN 3.82, -4.98%) and Shelly Group (SLYG, EUR 33.50, -2.05%). The volumes slipped even more compared to previous trading sessions and remained below the ...
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 ...
The Bulgarian equity market had a moderate showing on Wednesday and all major indexes settled on positive territory in range between 0.11% and 1.01%. The volatile price actions led the heavy member Shelly Group (SLYG, EUR 34.80) to 4.19% gain though the average price of the turnover was EUR 33.32, which along with Sopharma Trading were the main motors of the day for SOFIX (856.59, +1.01%). The daily turnover continued to exceed the 3-months average concentrated on the benchmark index.
The Bulgarian stock market continued its movement from the previous weeks with no clear direction, mixed trades and poor turnover. The local benchmark SOFIX added 0.1%, closing at 855.40, while BGBX40 (170.21, +1.2%) and BGREIT (208.71, +1.1%) showed some positive mood. Advancing stocks outnumbered falling ones in our list of selected securities and 3 ended unchanged. Our top performer was Speedy (SPDY, BGN 224.00, +16.1%), followed by the industrial Stara Planina Hold (SPH, BGN 10.20, +7.4%) an...
The first session of the week featured a mixed price actions, which ultimately led the main indexes to negative territory. The decliners prevailed advancers by 4-to-1 margin within the Bulgarian equity market, tough Bulgarian Real Estate Fund (BREF, BGN 3.86, +4.32%) experienced significant buying interest after the announcement of a deal with Bricolage Shopping Centre and settled BGREIT (210.91, +1.05%) alone on positive territory with new record high. The turnover was above average based mainl...
Bulgarian stock market indexes closed the week almost flat on Friday, largely reflecting the lack of fresh investors’ enthusiasm, while international markets remained on a volatile note, because of elevated geopolitical and economic uncertainty. The benchmark SOFIX lost 0.1% to settle at 854.78, as all other major indexes closed mixed, ranging from 0.1% to -0.4%. The former SOFIX member M+S Hydraulic (MSH, BGN 9.90, +6.5%) led the gainers within our list of selected companies, followed by Elana ...
The Bulgarian equity market closed the week mixed as SOFIX (854.78, +0.06%) alone settled above the surface, while the broad indexes – BGBX40 (168.20) and BGTR30 (868.26) booked 0.12% and 0.14% losses after some low volume trades with Stara Planina (SPH, BGN 9.50, -5.00%). Some buy in the deep interest in First Investment Bank (FIB, BGN 3.98, +3.65%) placed the name on the top of the gainers for this trading session and along with Elana Agrocredit (EAC, BGN 1.10, +2.80%) and Hydraulic Elements a...
The trading activity on Bulgarian equity market shrunk to benchmark based narrow range and settled the main indexes on the positive side as BGBX40 (168.47) alone booked 0.20% loss dragged by Speedy (SPDY, BGN 193.00, -8.10%). The price actions with Central Cooperative Bank (CCB, BGN 1.65, +1.85%) and Bulgarian Stock Exchange (BSE, BGN 8.10, +1.25%) and stable trading of First Investment Bank (FIB, BGN 4.00, 0.00%) around support level of BGN 4.00 left SOFIX (855.23, +0.17%) near prior closing li...
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX lost 0.2% to settle at 855.75, while the broad ones BGBX40 (168.94, +0.4%) and BGTR30 (867.82, +0.1%) ended a notch higher. The advancers equaled the decliners in our list of selected companies 13-to-13, 3 remained neutral. Speedy (SPDY, BGN 210.00, +6.6%) was the top gainer in the list, followed by Neochim (NEOH, BGN 20.20, +5.2%) and Bulgarian stock exchange (BSE, BGN 8.15, +4.5%). SOFIX member First Invest...
There were some price actions in both directions in the beginning of the shorter trading week, though neither sellers nor buyers were convincing enough and the main indexes settled almost flat. The advancers led the decliners by 6-to-5 margin within SOFIX (854.96, -0.26%) but First Investment Bank (FIB, BGN 4.60, -3.77%) twisted once again and weighed on the main index. The daily activity came on a broad base as the turnover of Sopharma (SFA, BGN 5.96, 0.00%), Bulgarian Stock Exchange (BSE, BGN ...
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...
The BSE midterm downtrend continued on Tuesday, leaving the major indexes below the surface in range between 0.22% and 0.05%. Negative price action of First Investment Bank (FIB, BGN 4.78, -3.63%) provided weight for the benchmark index the most and SOFIX (857.89) underperformed all indexes by losing 0.22%. The daily volume improved on large-cap base by exceeding 16% the 3-months average line.
The Bulgarian equity market had a mixed disposition through the Thursday trading session. SOFIX (865.51, -0.05%) and BGBX40 (170.15, -0.04%) closed near their lows of the day, following sharp moves of M+S Hydraulic (MSH, BGN 9.35, -3.61%) and Alcomet (ALCM, BGN 6.35, -5.93%) on the negative side and Central Cooperative Bank (CCB, BGN 1.74, +2.35%) and Chimimport (CHIM, BGN 0.81, +4.52%) on the positive side. BGTR30 (872.13) advanced alone by 0.23% on narrow constitute base. The trading activity ...
Big bid/ask spreads were prerequisites for huge volatility and opposite moves of SOFIX (867.73, -0.40%) members, which drove the main index into the red zone on Tuesday. M+S Hydraulic (MSH, BGN 9.50, -4.52%), Sirma Group Holding (SGH, BGN 1.10, -1.79%) and Sopharma (SFA, BGN 5.94, -1.00%) weighted to the negative side, while Bulgarian Real Estate Fund (BREF, BGN 3.12, +4.70%), Agria (AGH, BGN 20.40, +2.00%) and Central Cooperative Bank (CCB, BGN 1.67, +1.83%) supported the main index. BGREIT 200...
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%...
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