reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 11 November - 15 November 2024
This past week, Bulgarian stock market gave back some of the modest gains from the previous ones. The local Benchmark SOFIX lost 0.7% to settle at 853.51, as all the other major indexes closed down, ranging from 0.8% to 0.3%. For a second consecutive week the manufacturer of fertilizers and nitrogen compounds Neochim (NEOH, BGN 29.00, +11.5%) led the list of gainers in our list of selected securities, followed by Telematic Interactive (TIB, BGN 22.40, +3.7%) and Central Cooperative Bank (CCB, BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 November 2024
Big opposite moves of index members fixed SOFIX (857.06, +0.20%) slightly positive. The absence of news and the poor liquidity ruled the trading session on Tuesday and Sirma Group Holding (SGH, BGN 1.02, -2.86%), First Investment Bank (FIB, BGN 3.92, -2.00%) and Elana Agrocredit (EAC, BGN 1.07, -0.93%) lost altitude while the heavy members Shelly Group (SLYG, EUR 35.50, +1.43%) and Sopharma (SFA, BGN 5.80, +1.05%) fully offset the negative impact on the main index. Speculative trades weighed on ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 September - 20 September 2024
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...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 September 2024
The Bulgarian equity market showed some increased trading activity on broader base and the major indexes extended further their gains on Friday as BGREIT (204.38, -0.16%) alone settled on negative territory. First Investment Bank (FIB, BGN 4.78, +6.22%) was once again the story name in the space as the retail easily moved the price in both directions in the weakening order book. The block trades with M+S Hydraulic (MSH, BGN 9.25, -2.12%) impacted the daily turnover statistics, while the daily vo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 September 2024
The Bulgarian equity market closed the first day of the week on a downbeat note with above the 3-months average turnover. The previous days movers Central Cooperative Bank (CCB, BGN 1.64, -3.53%), Bulgarian Stock Exchange (BSE, BGN 7.85, -2.48%) and M+S Hydraulic (MSH, BGN 9.25, -2.63%) continued to impact the major indexes due to tiny Bid/Аsk order book and increased volatility. All major indexes settled on negative territory in range between 0.71% and 0.06% while large-cap names like Sopharma ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 August 2024
Positive start of the week set SOFIX (871.20, +0.51%) positive as well. First Investment Bank (FIB, BGN 5.40, +2.86%), Bulgarian Real Estate Fund (BREF, BGN 2.98, +2.76%) and Sirma Group Holding (SGH, BGN 1.12, +3.70%) surged without significant daily volume, while the most traded name Eurohold (EUBG, BGN 1.47) finished unchanged. Shelly (SLYG, EUR 36.30, -1.09%) was the only index member that lost altitude on Monday, suffering from the absence of liquidity and speculative trades.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 July 2024
SOFIX 857.65 lost 0.16% on Tuesday reflecting the crash of Central Cooperative Bank (CCB, BGN 1.57, -3.68%), M+S Hydraulic (MSH, BGN 9.90, -2.94%) and Eurohold (EUBG, BGN 1.45, -2.03%). Insignificant daily volume raised the value of Sopharma (SFA, BGN 5.88, +1.38%), First Investment Bank (FIB, BGN 4.48, +0.90%) and Chimimport (CHIM, BGN 0.715, +0.70%). BGREIT 191.08 (+0.48%) jumped on the ground of small speculative trades with Sopharma Buildings (SFB, BGN 13.40, +7.20%).
- 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 - 9 July 2024
All major indexes settled on negative territory after a somewhat mixed session with trading activity based on the benchmark index. SOFIX (851.90, -0.08%) continued to move on tick higher than its 50-day average as the negative effect came mainly from the heavy members Shelly Group (SLYG, BGN 69.60, -0.29%) and Central Cooperative Bank (CCB, BGN 1.57, -1.88%). The daily volumes were low as a single block trade with Eurohold (EUBG, BGN 1.08, -0.65%) impacted the daily statistics.
- Mihail Dimitrov
Morning Bulletin - 27 June 2024
The major indexes closed near their highs of the day after a surge of buying interest from the retails mainly in benchmark names. Agria Group (AGH, BGN 20.60, +3.00%), Bulgarian Stock Exchange (BSE, BGN 15.00, +2.04%) and Eurohold (EUBG, BGN 1.50, +2.04%) were among the top performers within SOFIX (846.07, +0.60%). The daily volumes slipped compare to previous two sessions and remained far below the 15-days 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 Bulleting - 28 May 2024
The participants of the Bulgarian equity market entered in take profit regime at the start of the week, but the main indexes finished mixed as a fresh buying interest in First Investment Bank (FIB, BGN 4.54, +8.10%) impacted the daily statistics. SOFIX (866.50, +0.01%) and BGBX40 (172.55, +0.15%) settled on thick higher, while Eleven Capital (11C, BGN 17.50, -3.85%) and Holding Lev (HLEV, BGN 3.60, -16.28%) weighted additionally on BGTR30 (857.16), which decreased 0.31%. The daily volumes slippe...
- 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 - 23 October - 27 October 2023
It was a positive week for the Bulgarian stock market, as continuing investors’ appetite in some particular positions supported indexes in an uncertain global market conditions. The local benchmark SOFIX (747.05) was the top gainer with 0.7% rise, reflecting the strong performance of Bulgarian Stock Exchange (BSE, BGN 10.95, +3.8%) and First Investment Bank (FIB, BGN 2.60, +3.2%). A total of 11 out of 29 names in our universe finished on green territory, 13 weighted on the red side, 6 remained u...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 October 2023
The positive sentiment from the world markets slightly reflected on the Bulgarian equity market and the main indexes finished on the positive side. SOFIX (742.27, +0.31%) broke a three-day losing streak by erasing previous days’ losses but remained below its 50-day MA. Eurohold (EUBG, BGN 1.75, +2.94%) after some block trades and First Investment Bank (FIB, BGN 2.48, -2.36%) with some sell-offs became daily movers. The volumes lowered further and slipped below the 15-day average line for this se...
- 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...
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