reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 8 July -12 July 2024
Bulgarian equity market rose in the second week of July, led by 1.3% gain in benchmark index SOFIX (863.83) and more moderate presentation of the broad ones - BGBX40 (169.43, +0.8%) and BGTR30 (855.32, +0.2%). The tech sector blue chip Shelly Group (SLYG, BGN 74.80, +7.22%) was the best performing stock both within SOFIX and our list of selected securities, after the company revealed 49% YoY growth in H1 2024 sales and acquisition of a new company. The gainers continued with Korado Bulgaria (KBG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 June 2024
The announcement that 2.7% of Shelly (SLYG, BGN 68.40, -2.01%) were sold OTC at BGN 64.54 (EUR 33) by the majority shareholders disappointed investors and the company dropped by 2.01% thus weighing on the main index SOFIX (848.43, -0.44%). Agria (AGH, BGN 20.70, -2.36%) and Sopharma (SFA, BGN 5.86, -1.68%) also lost altitude with small daily turnover. The expected dividend distribution by the Moldavian bank raised Doverie United Holding (DUH, BGN 8.82, +2.56%) with moderate daily volume on Tuesd...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 20 May - 23 May 2024
The Bulgarian stock market kept its positive momentum from the recent weeks and managed to end the last one on the green side as investors remained active in some particular positions like Shelly Group (SLYG, BGN 74.80, +3.8%). At the close in Sofia the benchmark SOFIX added 1.2% to settle at 866.45, while the broad ones BGBX40 (172.29, 0.7%) and BGTR30 (859.84, +0.2%) showed more modest increase. The advancers outnumbered the decliners in our list of selected companies by 11-to-10 as the top pe...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 May 2024
SOFIX (868.11, -0.36%) retreated on Wednesday, reflecting the drop of M+S Hydraulic (MSH, BGN 10.80, -5.26%), Chimimport (CHIM, BGN 0.74, -3.90%) and First Investment Bank (FIB, BGN 4.70, -2.89%). Support for the main index came from Eurohold (EUBG, BGN 1.54, +2.67%) and Agria (AGH, BGN 23.50, +2.62%). Overall liquidity remained good but retail investors dominated the market and daily turnover of SOFIX reached BGN 0.69m.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 April 2024
SOFIX (798.26, -0.10%) crossed 800 but quickly slipped below the psychological level and finished the day negative on Monday. Sirma Group (SGH, BGN 0.705, -3.42%), Shelly (SLYG, BGN 65.60, -2.09%) and Chimimport (CHIM, BGN 0.68, -1.45%) weighed on the main index while First Investment Bank (FIB, BGN 2.64, +5.60%), Doverie United Holding (DUH, BGN 8.88, +1.60%) and M+S Hydraulic (MSH, BGN 10.90, +0.93%) closed green. BGBX40 (163.35, -0.09%) and BGREIT (190.39, -0.08%) also stepped back while BGTR...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 15 January - 19 January 2024
The Bulgarian equity market advanced last week as the latest two active sessions defined the positive outcome for all major indexes. SOFIX (782.93) touched a new 15-year high driven by the positive expectation for the upcoming financial data, especially for names like, First Investment Bank (FIB, BGN 3.30, +7.8%), Chimimport (CHIM, BGN 0.73, +10.5%) and Doverie (DUH, BGN 8.90, +4.7%). The advancers-decliners line favored advancers by 19 to 7 margin in our watchlist, placing Neochim (NEOH, BGN 28...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 January 2024
The consolidation of SOFIX (774.57, +0.21%) within the 770-780 area continued and the main index fluctuated at levels we haven’t seen since Nov 2008. Speculative trades raised BSE (BSE, BGN 15.90, +3.92%), Neochim (NEOH, BGN 24.20, +1.68%) and M+S Hydraulic (MCH, BGN 11.30, +1.80%) while in the opposite direction was the trading with Eurohold (EHG, BGN 1.40, -2.10%), First Investment Bank (FIB, BGN 3.02, -1.31%) and Sopharma (SFA, BGN 5.86, -0.68%). All other local indexes added value but BGREIT...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 2 October - 6 October 2023
The Bulgarian stock market closed the week lower on Friday, pressured by the lack of new investor’s appetite and continuing global uncertainty. The leading local index SOFIX recorded modest decline and lost 0.3% to settle at 753.13, as the broad ones BGBX40 (158.17, -0.2%) and BGTR30 (787.31, -0.1%) showed similar performance. The best performers of the week within our list of selected companies were Bulgarian Stock Exchange (BSE, BGN 10.20, +6.7%), Sopharma Trading (SFT, BGN 6.40, +4.9%) and Tr...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 October 2023
An early bounce attempt to recover the previous day decline on Bulgarian equity market failed as aggressive sellers on broad base prevailed on Tuesday. Despite the positive effect from names such as Bulgarian Stock Exchange (BSE, BGN 9.80, +2.30%), First Investment Bank (FIB, BGN 2.46, +2.50%) and M+S Hydraulic (MSH, BGN 11.20, +5.66%), SOFIX (747.79) slipped 0.13% mainly due to top loser of the day – Shelly Group (SLYG, BGN 40.90), which lost 4.88% after the released announcement that Dimitar D...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 04 September - 08 September 2023
The Bulgarian stock market finished the last trading week on a negative note, balancing after the strong performance during the peak summer season. The local leading index SOFIX retreated modestly -0.2% to settle at 756.68 in another shortened trading week, while the broad ones BGBX40 (157.98) and BGTR30 (785.01) underperformed the benchmark, losing 0.5% and 0.8% on a weekly basis. Both the volume and the turnover showed noticeable performance, exceeding the YTD average by 36.3% and 258.3%, m...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 7 August - 11 August 2023
The Bulgarian stock market finished the last trading week on a positive note, balancing after the summer season was peaking and lowered the activity on BSE. At the close in Sofia the benchmark SOFIX added 1.6% to settle at 706.53 while the extended ones – BGBX40 (149.67, 0.0%) and BGTR30 (774.58, +0.5%) were broadly flat. Rising stocks outnumbered the declining ones in our list of selected companies by 15 to 11, while 3 ended unchanged. The increased buying interest in Shelly Group (SLYG, BGN 35...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 August 2023
The Bulgarian stock market started the new week in positive mood as the benchmark SOFIX added 1.61% to settle at 706.39. For another day the rise of the index and the turnover were mainly supported by the surge of the recently renamed Shelly Group (SLYG, BGN 34.90, +7.06%) with no signs of weakening investors’ appetite for this name. The broad base indexes BGBX40 (152.10, +1.62%) and BGTR30 (778.65, +1.01%) performed similarly. BGREIT (192.96, +0.96%) also stayed positive, reflecting the low-vol...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 27 March - 31 March 2023
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. ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 March 2023
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 ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 20 March - 24 March 2023
The Bulgarian stock market closed the week lower on Friday, pressured by global uncertainty after U.S. regional and global banking system problems have notably shifted the performance of the financial markets. In addition a series of interest rate hikes from the FED and other central banks in Europe this week also added to the negative mood even as the U.S. central bank signaled a future pause in the cycle. At the close in Sofia the benchmark SOFIX lost 0.9% WoW to close at 601.32, while the sec...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 March 2023
The Bulgarian stock market had a strong performance on Tuesday, rebounding from two days falls as the sell-offs of Eurohold Bulgaria (EUBG, BGN 1.40, +7.69%) cooled down and the risk appetite investors pushed the price up to BGN 1.40. SOFIX (602.69) gained the most in this trading session and closed a tick below its major averages as the positive sentiment from the world markets dragged the retail interest, which easily impacted on the prices in the widened Bid/Ask spreads from the last few days...
- Mihail Dimitrov
Morning Bulletin - 20 March 2023
The week finished in volatile mode as the rebalancing of the indexes caused significant impact on switching names. M+S Hydraulic (MSH, BGN 9.45) declined by 4.55% as the buyers defined the level of outcome of the SOFIX ETF (BGX, BGN 0.921) and expectedly the incoming names as Gradus (GR6, BGN 1.50, +3.45%) and Bulgarian Stock Exchange (BSE, BGN 8.55, +3.01%) increased. The negative news about Friday’s decision of the Romanian financial regulator ASF about the subsidiary of Eurohold (EUBG, BGN 1....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 February - 17 February 2023
The Bulgarian stock market closed the week lower on Friday, pressured by negative investor’s sentiment and the lack of liquidity. The leading index SOFIX decreased the most by -1.2% to settle at 607.30. The extended BGBX40 (140.41) and BGTR30 (735.72) fell by -1.0% and -0.5% respectively and BGREIT was down by 0.6% to close at 186.32. Falling stocks outnumbered twice the advancing ones in our list of selected companies by 14 to 7 and 8 ended unchanged. The worst performer was Eurohold Bulgaria (...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 February 2023
The Bulgarian stock market opened tentatively, carrying previous day’s downside momentum but finally the risk appetite prevailed and all major indexes ended on a note higher in a range between 0.13% and 0.81%. SOFIX (607.30) rose by 0.23% mainly driven by Sopharma (SFA, BGN 4.60, +3.14%) as Friday was the last day for acceptance of the voluntary tender offer at BGN 4.50 and Neochim (NEOH, BGN 40.80), which registered 0.99% advance on the ground of small trade. Telelink Business (TBS, BGN 11.05) ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 06 February - 10 February 2023
The Bulgarian stock indexes advanced modestly last week, despite of the fact that some uncertainty and volatility returned to global financial markets. The leading index SOFIX increased by 0.6% to settle at 614.80. The broad BGBX40 (141.82, +0.4) followed the benchmark, while BGTR30 (-0.1%) and BGREIT(+0.1%) remained almost unchanged to close at 739.19 and 187.47 on Friday respectively. Losers outnumbered gainers in our list of selected companies by 14 to 10, as the top performers were Allterco ...
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