reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 April 2024
A downbeat trading session on BSE on Thursday as the buying interest weakened and the inventors switched to wait and see mode. The major indexes booked some losses in a range between -0.21% and -0.12% with very poor activity on both sides, which was benchmark based. The names that led the downside in this session were Agria Group (AGH, BGN 18.95, -3.32%), Chimimport (CHIM, BGN 0.68, -2.16%) and First Investment Bank (FIB, BGN 2.84, -2.07%), while Bulgarian Stock Exchange (BSE, BGN 15.50, +2.65%)...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 April 2024
The Bulgarian equity market met the opposite volatile moves of Monday’s session compared to Friday’s as Chimimport (CHIM, BGN 0.68, -2.86%) and Central Cooperative Bank (CCB, BGN 1.49, -3.25%) erased the gains from previous session, while Zlaten Lev Holding (HLEV, BGN 4.30, +19.44%) and M+S Hydraulic (MSH, BGN 11.10, +2.78%) recovered with the same percentages. The major indexes rebounded, reflecting the continues reactions from positive news of Bulgarian-American Bank’s (BACB, BGN 11.70, +3.54%...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 April 2024
Quit opposite moves fixed SOFIX (807.47, +0.49%) positive on the very last trading session of March. M+S Hydraulic (MSH, BGN 11.10, +6.73%), Chimimport (CHIM, BGN 0.702, +2.93%), Bulgarian Stock Exchange (BSE, BGN 15.30, +2.00%) and Central Cooperative Bank (CCB, BGN 1.53, +2.00%) jumped on the ground of moderate daily volume. Insignificant speculative trades weighed on Holding Varna (HVAR, BGN 44.00, -2.22%), Advance Terrafund (ATER, BGN 3.34, -1.18%) and Elana Agrocredit (EAC, BGN 1.08, -0.92%...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 March 2024
Gainers from the previous day retreated on Wednesday as profit taking pushed down First Investment Bank (FIB, BGN 2.52, -3.08%) and Bulgarian Real Estate Fund (BREF, BGN 2.60, -0.76%). The heavy member Shelly Group (SLYG, BGN 68.20, -1.16%) suffered from low liquidity and speculative trades and closed negative. Chimimport (CHIM, BGN 0.704, +2.33%), M+S Hydraulic (MSH, BGN 10.70, +1.90%) and Sopharma (SFA, BGN 6.36, +1.27%) supported the main index and SOFIX (811.35, +0.26%) finished the day gree...
- 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
Morning Bulletin - 1 March 2024
Green Thursday raised SOFIX to 788.42 (+0.56%). Heavy Sopharma (SFA, BGN 6.16, +2.67%) and Eurohold (EUBG, BGN 1.30, +0.78%) supported the main index and offset the drop of Chimimport (CHIM, BGN 0.706, -1.94%), Sopharma Trading (SFT, BGN 5.60, -1.75%) and First Investment Bank (FIB, BGN 2.80, -1.41%). After several negative trading sessions, M+S Hydraulic (MSH, BGN 10.80, +4.86%) recovered on Thursday. Daily gainer Monbat (MONB, BGN 3.78, +5.00%) jumped without significant daily volume and big b...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 February 2024
All BSE indexes closed in the red zone on Tuesday. SOFIX slipped to 783.41 (-0.21%) reflecting the drop of M+S Hydraulic (MSH, BGN 10.50, -4.55%), Chimimport (CHIM, BGN 0.704, -2.76%) and Neochim (NEOH, BGN 21.50, -2.27%). BSE (BSE, BGN 14.95, +2.40%) and Doverie (DUH, BGN 9.28, +1.98%) moved North on the ground of insignificant daily volume. Speculative trades pushed Gradus (GR6, BGN 1.45, -14.71%) down and BGTR30 (805.15, -0.72%) finished the day negative.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 February - 23 February 2024
The Bulgarian stock exchange indexes closed the week flat on Friday with the exception of sector BGREIT, which gained 1.4% to close at 192.11, supported by the strong Friday movement of Bulgarian Real Estate Fund (BREF, BGN 2.64, +2.3%). The performance of the benchmark SOFIX (785.45, 0.00%) reflected the lack of fresh investors’ enthusiasm on the market. A total of 10 out of 29 names in our universe finished on green territory last week, 14 remained on the red side. The weekly top performers wi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 February 2024
All major indexes on Bulgarian stock exchange finished in negative territory reflecting minor volume trades in widened Bid/Ask spreads. SOFIX (781.73) slipped 0.46% and ultimately finished on the level from the beginning of the month as the decliners led by 4-to-1 margin. A single trade with less traded name Galata Investment (GTH, BGN 2.50, 0.00%) impacted daily turnover the most, which otherwise remained weak and far below the 15-day average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 29 January - 02 February 2024
Few companies from the industrial sector registered significant increase last week and led weekly gainers. Industrial Holding (IHB, BGN 1.90, +12.4%), Industrial Capital Holding (HIKA, BGN 3.06, +4.8%) and M+S Hydraulic (MSH, BGN 11.20, +2.8%). The Banking sector weighted on the market and all local indexes closed on the negative territory. Rumors about First Investment Bank (FIB, BGN 2.40, -26.4%) pushed the bank’s shares down followed by Central Cooperative Bank (CCB, BGN 1.53, -5.0%). SOFIX...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 January 2024
The Bulgarian market closed a volatile session on broad base, which led to mixed results for the main indexes. SOFIX closed with 0.26% gain thanks to small volume trades with Chimimport (CHIM, BGN 0.764, +3.80%), Eurohold (EUBG, BGN 1.35, +3.85%) and First Investment Bank (FIB, BGN 3.36, +3.07%) and advanced by 3.22% YtD in total. The broad indexes underperformed as the daily losers – Agria Group Holding (AGH, BGN 20.30, -5.58%), Bulgarian Stock Exchange (BSE, BGN 14.00, -3.11%) and Alcomet (ALC...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 January - 26 January 2024
Over the past week, investors managed to stay positive and Bulgarian stock market advanced modestly. The local benchmark SOFIX added 0.6% to close at 787.72, reflecting the good performance of index members like Shelly Group (SLYG, BGN 57.60, +5.1%) , Central Cooperative Bank (CCB, BGN 1.61, +3.9%) and others. The weekly top gainer within our list of selected companies was Alcomet (ALCM, BGN 7.15, +8.3%), followed by Shelly and Stara Planina Hold (SPH, BGN 10.40,+5.1%). Neochim ( NEOH, BGN 27.0...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 January 2024
The market saw a mixed action on the final day of the week on large-cap base, but the heavy member Shelly Group (SLYG, BGN 57.60, +4.35%) impacted all major indexes and they finished with positive bias. SOFIX (787.72) advanced the most by 0.72% as the rest of the members changed little on slightly below 15 days average volume. Less traded names like Rodna Zemya (HRZ, BGN 3.02, 0.00%) and Velgraf Asset Management (VAM, BGN 4.64, 0.00%) continued to contribute to daily turnover statistic with bloc...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 January 2024
Huge opposite moves of index members fixed SOFIX at 781.82 (-0.14%). The daily gainer Chimimport (CHIM, BGN 0.842, +14.71%) advanced on bigger than usual daily volume, followed by Central Cooperative Bank (CCB, BGN 1.63, +5.16%), Sopharma (SFA, BGN 6.04, +0.67%) and Sopharma Trading (SFT, BGN 5.75, +0.88%). Negative impact on the main index came from Neochim (NEOH, BGN 26.80, -5.30%), Shelly Group (SLYG, BGN 53.20, -2.92%) and M+S Hydraulic (MSH, BGN 10.80, -1.82%).
- 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 - 22 January 2024
Almost all local indexes closed in green on Friday. SOFIX (782.98) added 0.73% while the wide BGBX40 (160.91) and BGTR30 (813.89) advanced by 0.53% and 0.80% respectively. Positive sentiment shoved Neochim (NEOH, BGN 28.30, +17.32%), First Investment Bank (FIB, BGN 3.30, +10.00%) and Chimimport (CHIM, BGN 0.734, +9.55%). Eurohold (EUBG, BGN 1.31, -8.39%) suffered from selling pressure and retreat on Friday with moderate daily volume. Overall liquidity slightly increased but market was ruled pred...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 January 2024
The Bulgarian stock market opened the week on a negative note as the major indexes closed with losses. The benchmark SOFIX was down 0.59% to settle at 772.96, mainly due to drops in Shelly Group (SLYG, BGN 52.60, -1.50%), Central Cooperative Bank (CCB, BGN 1.48, -3.27%) and M+S Hydraulic (MSH, BGN 11.10, -4.31%). The broader BGBX40 (159.36, -0.34%) and BGTR30 (804.78, -0.14%) performed as the benchmark, while BGREIT (191.83, +0.00%) remained flat for a second trading day in a row.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 2 January - 5 January 2024
All major indexes advanced modestly last week with the exception of BGREIT (192.94, +1.4%), which advanced the most, reflecting the impressive performance of the index member Bulgarian Real Estate Fund (BREF, BGN 2.60, +7.4%). The local benchmark SOFIX added 0.2% to settle at 766.84 as the broad ones - BGBX40 (158.18, 0.2%) and BGTR30 (799.52, +0.0%) finished similar. A total of 14 out of 29 names in our universe finished on green territory last week, 9 weighted on the red side, 6 remained uncha...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 January 2024
The Bulgarian equity market ended mixed but the major indexes registered narrow based sharp losses on Wednesday and finished on the negative side. Low volume trades with Eurohold (EUBG, BGN 1.53, -10.00%) on the bid side with additional weight coming from the heavy members Sopharma (SFA, BGN 5.64, -0.70%) and Shelly Group (SLYG, BGN 47.80, -0.42%) drove SOFIX (757.78, -1.44%) down and the benchmark index retreated from its 15-years record high (768.87 points). The volumes continued to slip even ...
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