The Bulgarian stock market rose on Friday to end the week higher, supported by the increased buying interest in names like Shelly Group (A4L, BGN 32.60, +9.4%), First Investment Bank (FIB, BGN 2.30, +11.7%) and Central Cooperative Bank (CCB, BGN 1.65, +6.5%). The local benchmark SOFIX (695.21) was the top gainer with 2.3% rise, reflecting the impressive performance of the three index members. The broad indexes BGBX40 (146.73, 0.00%) and BGTR30 (745.65, +0.4%) also finished on the positive side o...
The Bulgarian equity market had mixed showing on Thursday with price actions on both sides from broad base names, driving the indexes level slightly above previous day levels. SOFIX (691.29) increased 0.40% mainly reflecting the surge of the recently renamed Shelly Group (SLYG, BGN 31.20, +4.00%) without any fresh news but with positive preliminary announcement for H1’23 results. The broad base indexes BGBX40 (149.44, +0.25%) and BGTR30 (772.25, +0.28%) underperformed the benchmark as small trad...
SECTOR NEWS (2021): INDUSTRIAL SPACE REBOUNDED, WHILE OFFICE AND RETAIL SPACE CONTINUED TO SUFFER THE ADVERSE EFFECTS OF THE PANDEMIC Office space market yield decreased by 0.25 p.p. to 7.5%, while prime rents remained flat at EUR 15/sq.m. 2021 take-up advanced to 154.9k sq.m, while vacancy rate jumped by 3.2 p.p. to 16.8%. Retail space market yields remained flat at 7.5%, while prime rents declined in shopping centres to EUR 34/sq.m. Vacancy rate decreased by 2.9 p.p. to 5% in 2021. I...
All major indexes finished on the negative side in range between -0.8% to -1.7% as SOFIX (571.93) slipped the most. Industrial Capital Holding (HIKA, BGN 2.90, -8.8%), Alcomet (ALCM, BGN 9.20, -8.0%) and Stara Planina Hold (SPH, BGN 10.10, -5.6%) were the top losers within our universe, whereas M+S Hydraulic (MSH, BGN 8.8, +6.0%), Bulgarian Stock Exchange (BSE, BGN 9.2, +4.0%) and Albena (ALB, BGN 31.80, +3.2%) finished on the opposite side. The weekly turnover slightly increased compared to the...
finish. Allterco (A4L, BGN 20.60) and Sopharma Trading (SFT, BGN 4.98) led the gainers list among SOFIX (571.93, +0.90%) members by increasing 6.19% and 2.05%, respectively. Doverie United Holding (DUH, BGN 7.50, +1.63%), Industrial Holding Bulgaria (IHB, BGN 2.00, +1.52%) and Bulgarian Real Estate Fund (BREF, BGN 2.18, +0.93%) supported the indexes too and added significant part to daily liquidity on the market. The volumes on the other hand slipped below the 15-days average as the financial se...
The local indexes slipped over the last week, where SOFIX shrank the most, as it erased 1.6% to 560.71. The top movers within our universe were Bulgarian Stock Exchange (BSE, BGN 8.85, +8.6%), with next being Eurohold Bulgaria (EUBG, BGN 2.20, -5.2%) and Advance Terrafund REIT (ATER, BGN 2.60, -5.1%). Bulgarian Real Estate Fund REIT (BREF, BGN 2.20, -4.3%) and Agria Group Holding (AGH, BGN 12.70, +4.1%) changed notably as well, but none of them booked substantial turnover. The most traded within...
SOFIX (562.77, -0.41%) registered another decrease on Thursday, while all other indexes finished on the positive side. Eurohold Bulgaria (EUGH, BGN 2.12, -5.36%) weighed significantly on the benchmark index, while the surge of Bulgarian Stock Exchange (BSE, BGN 8.75, +8.02%) and Odessos Shiprepair Yard (ODES, BGN 129.00, +7.50%) was reflected only on the extended indexes BGBX40 (128.44, +0.12) and BGTR30 (631.54, +0.41%). The volumes remained low compared to the 15-days average but the companies...
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....
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