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...
The local indexes slipped slightly over the past week, where SOFIX shrank by 0.37% on Friday to 561.71. The top mover within the main index was Bulgarian Real Estate Fund (BREF, BGN 2.20, -4.35%), which dropped on a few low-volume trades. Central Cooperative Bank (CCB, BGN 1.04. -3.07%), Doverie United holding (DUH, BGN 6.00, -2.60%), and Advance Terrafund (ATER, BGN 2.60, -2.26%) also slipped notably on a few small trades, while the top increase was by Eurohold Bulgaria (EUBG, BGN 2.20, +3.77%)...
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....
SOFIX lost altitude on Friday as a few heavy index members suffered from selling pressure. Eurohold (4EH, BGN 1.53, -5.56%), Holding Varma (5V2, BGN 37.60, -5.05%), Chimimport (6C4, BGN 0.925, -2.12%) and First Investment Bank (5F4, BGN 1.82, -2.15%) weighed on the main index, which closed at 420.33 (-1.25%). Elana Agrocredit (0EA, BGN 1.01, +2.02%) and Gradus (GR6, BGN 1.41, +1.44%) advanced on the back of small speculative trades.
The market was quite balanced on Thursday as the negative drops of Trace Group (T57, BGN 3.32, -2.35%), Sirma Group (SKK, BGN 0.595, -2.46%) and Central Cooperative Bank (4CF, BGN 0.925, -1.07%) were fully offset by the jumps of Elana Agrocredit (0EA, BGN 1.01, +3.59%) and SOFIX finished at 425.21 (+0.02%). 65% of the daily turnover came from two companies that entered the main index this week – Eurohold (4EH, BGN 1.59, -0.63%) and Trace Group. The buying power in Sopharma (3JR, BGN 3.14, 0.00%)...
Positive start of the week on the back of moderate daily turnover raised SOFIX by 0.39% to 434.21. Advance Terrafund (6A6, BGN 1.76, +1.15%), Doverie United Holding (5DOV, BGN 3.30, +1.54%) and Elana Agcrocredit (0EA, BGN 1.00 ,+1.01%) jumped without significant volume while daily losers Chimimport (6C4, BGN 0.96, -4%), M+S Hydraulic (5MH, BGN 5.30, -2.75%) and Real Estate Fund Bulgaria (5BU, BGN 1.76, -1.12%) suffered from selling pressure and registered larger daily turnover. The only local in...
SOFIX 433.44 (-0.04%) remained almost unchanged on Tuesday as Elana Agrocredit (0EA, BGN 0.985, +1.55%), Monbat (5MB, BGN 3.14, +0.64%) and Advance Terrafund (6A6, BGN 1.85, +0.54%) fully offset the negative moves of Albena (6AB, BGN 23.60, -2.48%), Central Cooperative Bank (4CF, BGN 0.975, -1.02%) and First Investment Bank (5F4, BGN 2.06, -0.96%). The annual consolidated report of Sirma Group (SKK, BGN 0.424, +7.07%) triggered investors’ attention and the IT company jumped by more than 7% on Tu...
The positive trend from the beginning of the week continued as all main indexes finished the session in green territory. SOFIX (436.91) added 0.07% led by Industrial Holding Bulgaria (4ID, BGN 0.77, +1.32%) and Albena (6AB, BGN 26.60, +1.53%). Volumes on the other hand continued to decline as the order book shrank even more. Sopharma (3JR, BGN 2.96, 0.00%) and Chimimport (6C4, BGN 1.01, -0.98%) provided some liquidity almost without change in prices.
A director at Chimimport Ad sold 107,250 shares at 1.120BGN and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...
SOFIX was down by 0.54% on Friday as the sellers were more aggressive during the day and slightly increased the volumes. Bulgarian Real Estate Fund (5BU, BGN 1.97, -2.48%) and Chimimport (6C4, BGN 1.70, -2.30%) weighed the most on the main index and both registered the highest turnover among members. Albena (6AB, BGN 40.80) was volatile during the day as it was traded in widen BID/ASK spread (BGN 40.80-41.80) finishing unchanged with moderate volume of 1 699 shares. Friday session was not only t...
Huge selling pressure on Central Cooperative Bank (4CF, BGN 1.57, -3.68%) and Stara Planina (5SR, BGN 5.00, -1.96%) weighed on SOFIX 574.66 (-0.31%) and despite the positive moves of Sirma Group (SKK, BGN 0.705, +2.17%) and Industrial Holding Bulgaria (4ID, BGN 1.00, +1.01%) the main index finished the session negative. A block trade with 10K shares of Bulgarian Real Estate Fund (5BU, BGN 2.00, unch) did not change its price while small speculative trades slightly increased the price of Advance ...
SOFIX (575.10, -0.61%) deepened even more on Friday, aiming at the bottom from early May this year with volume lower than the 3-months average. Stara Planina (5SR, BGN 5.30) and Central Cooperative Bank (4CF, BGN 1.55) weighed the most on the benchmark index by declining 4.50% and 3.13%, respectively. Hydraulic Elements and System (4HE, BGN 4.80, -2.83%) and Holding Sveta Sofia (4HS, BGN 3.90, -2.50%) added to negative effect in BGBX40 (113.77, -0.37%) and BGTR30 (506.69, -0.51%). Compensatory i...
The local indexes slipped slightly on Wednesday with low traded volume and daily turnover. SOFIX shrank by 0.14% to 579.12 points, despite that only 3 of its members finished the session in red territory. The top mover among the members was Stara Planina Hold (5SR, BGN 5.50, -2.65%), which lost ground on a few small trades, while there were no significant moves on the positive side. The second heaviest constituent Chimimport (6C4, BGN 1.75, -0.57%) also slipped, as the trading with it started be...
All local indexes recovered on Friday, after declining since the beginning of the week. SOFIX added 0.96% to 582.56 points, where only one of its members finished the session on red territory. The top gainer for a second consecutive session was Sirma Group Holding (SKK, BGN 0.72, +5.88%), after announcing potential buyback. Chimimport (6C4, BGN 1.77, +3.22%) and Holding Varna (5V2, BGN 38.2, +2.14%) increased significantly too, after multiple trades and decent turnover with both names. The most ...
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