reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 August 2024
Investors’ search of direction fixed SOFIX (853.16, +0.34%) positive on the close after the negative start of the trading session on Thursday. M+S Hydraulic (MCH, BGN 10.10, +6.32%), Bulgarian Stock Exchange (BSE, BGN 7.60, +2.70%) and Bulgarian Real Estate Fund (BREF, BGN 2.66, +1.53%) erased losses from the previous days while Sopharma (SFA, BGN 5.80, -1.02%) and Chimimport (CHIM, BGN 0.71, -0.70%) extended further their negative moves. The most traded name Shelly Group (SLYG, EUR 36.00, +0.56...
- 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 - 7 August 2024
The Bulgarian equity market staged a recovery and the major indexes settled near daily highs, but still, the logged gains ranging from 0.95% to 2.22% were relatively low compared to the declines registered on Monday. SOFIX (849.37) slumped 36 points lower and won back 18 points, while BGBX40 (167.24) recovered only one third of the losses as less liquid names as Zarneni Hrani (ZHBG, BGN 0.112, -18.25%) and Petrol (PET, BGN 0.85, -14.14%) weighted additionally on the broad index. The tech sector,...
- 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
Weekly bulletin - 1 July - 5 July 2024
The first week of the second half of the year expectedly was under the summer flag with poor trading activity, which settled the main indexes with small changes on both side of the surface. SOFIX (852.60) built on 0.6% gain and registered 11.4% advance from the beginning of the year, driven mostly by the uplift of Sirma Group Holding (SGH, BGN 1.11, +11.0%), Agria Group Holding (AGH, BGN 20.50, +2.5%) and Eurohold Bulgaria (EUBG, BGN 1.54, +2.7%). The turnover remained the same compared to the a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 July 2024
All BSE indexes advanced slightly on Friday as the blue-chip SOFIX (852.60) took the lead by 0.36% gain, followed by the broader BGBX40 (168.06, +0.29%) and BGTR30 (853.28, +0.17%), while the real estate-focused BGREIT (190.31) finished 0.13% higher. Gainers amongst SOFIX constituents led the losers by 6-to-3 margin, with Shelly Group (BGN 69.80, +2.05%) taking the lead, while the laggards were led by Sirma Group Holding (BGN 1.11, -4.41%) as some investors took profits, following the recent gai...
- 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 - 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
Morning Bulletin - 28 March 2024
Selling pressure ruled the trading and SOFIX (803.52, -0.12%) closed in red on Wednesday. Chimimport (CHIM, BGN 0.682, -3.13%), First Investment Bank (FIB, BGN 2.42, -1.63%) and Sopharma (SFA, BGN 6.24, -1.27%) fully offset the positive moves of Sirma Group Holding (SGH, BGN 0.75, +2.74%) and M+S Hydraulic (MSH, BGN 10.40, +1.96%). 1.76m shares of Gradus (GR6, BGN 1.70, +13.33%) lifted the company to daily top gainers’ place and pushed up BGTR30 (813.04, +0.53%) and BGBX40 (164.71, +0.31%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 18 March - 22 March 2024
Bulgarian stock market ended last week on a somber note and the leading local index SOFIX lost 1.0% to close at 806.02, while the broad one BGBX40 (164.55, -1.0%) performed similarly. The weekly top performer within our list of selected companies was Trace Group Hold (T57, BGN 4.20,+4.0%), followed by Central Cooperative Bank (CCB, BGN 1.55, +2.6%) and Telematic Interactive (TIB, BGN 15.91, +2.0%). On the red side the list of laggards started with industrial shares like M+S Hydraulic (MSH, BGN 1...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 March 2024
The Bulgarian equity market closed the losing week on a mixed note as the main indexes registered some losses in a range between minus 0.62% to minus 0.21 % and only BGREIT (191.40, +0.06%) advanced slightly. The daily movers Agria Group (AGH, BGN 19.10, -3.05%) and M+S Hydraulic (MSH, BGN 10.20, -5.56%) weighed the most on the main indexes, while the buying interest in Bianor Holding (BNR, BGN 4.50, +5.14%) and Bulgarian Stock Exchange (BSE, BGN 15.20, +1.33%) opposed on the flip side. The volu...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 11 March - 15 March 2024
The Bulgarian stock market finished the last week on an upbeat mode, continuing the positive move from the previous one. The local benchmark SOFIX added 1.3% to close at 813.82, as for another week the IoT products maker – Shelly Group (A4L, BGN 69.00, +12.7%) was the top performer out of the index members. A total of 8 out of 29 names in our universe finished on green territory, 13 weighted on the red side, while 8 remained unchanged. Along with Shelly, Industrial Holding Bulgaria (IHB, BGN 1.8...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 15 March 2024
The Bulgarian equity market had mixed showing on Thursday as investors continued to rotate out of names with some not so good lately released news about growth stocks. SOFIX (813.62) advanced by 0.52% led by its heaviest member Shelly Group (SLYG, BGN 69.40, +3.58%), while First Investment Bank (FIB, BGN 2.60, -3.70%) and Neochim (NEOH, BGN 19.50, -4.88%) weighed on the flip side. On broader base, Gradus (GR6, BGN 1.50, +4.90%) balanced Eleven Capital (11C, BGN 17.00, -2.86%) with low volumes. T...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 26 February - 1 March 2024
The trading activity was poor last week on BSE and the broad indexes settled almost unchanged – BGBX40 (162.87, +0.4%) and BGTR30 (809.22, 0.0%). SOFIX (793.16) took some advantage from the weekly gainers Bulgarian Stock Exchange (BSE, BGN 15.60, +9.10%) and Sopharma (SFA, BGN 6.36, 5.30%) and outperformed by 1.0%. The advance-decline line favored decliners by a 13 to 11 margin in our watchlist, while the weekly volumes declines by 32% compared to the YtD average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 March 2024
All indexes closed positive before the holidays. SOFIX (793.16, +0.60%) moved North on the wings of Neochim (NEOH, BGN 22.00, +4.27%), Sopharma (SFA, BGN 6.36, +3.25%), Sopharma Trading (SFT, BGN 5.80, +3.57%) and First Investment Bank (FIB, BGN 2.86, +2.14%). Shelly (SLYG, BGN 58.60, -1.01%) and Elana Agrocredit (EAC, BGN 1.07, -0.93%) weighed on the main index but positive sentiment prevailed the sellers on Friday.
- 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...
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