reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 July 2024
The Bulgarian equity market had a mixed showing on Tuesday in the middle of the earning news season but the declines prevailed at the end and all major indexes settled on negative territory. First Investment Bank (FIB, BGN 4.76, -2.06%) and Sirma Group (SGH, BGN 1.11, -2.63%) led the movers within SOFIX (863.24, -0.12%), while Bianor (BNR, BGN 6.15, -2.38%) weighed additionally on the broad indexes – BGBX40 (169.77, -0.16%) and BGTR30 (861.14, -0.30%). Half of the benchmark constituents booked t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 July - 26 July 2024
The Bulgarian stock market ended the week mixed, lacking investor interest in the middle of the summer and trying to digest the outgoing corporate earnings data for the first half of the year. The benchmark SOFIX retreated 0.3% to settle at 862.25, while the broader ones - BGBX40 (169.60, -0.1%), BGTR30 (863.45, +0.6%) performed in opposite directions. The weekly volume (-66.8%) showed weak performance while the turnover (+46.6%) was pushed up by intense trade with bonds and generally illiquid n...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 July 2024
Speculative trades dominated the trading session on Wednesday. SOFIX (862.82) added 0.22% on the wings of First Investment Bank (FIB, BGN 4.70, +4.44%), Shelly Group (SLYG, BGN 37.70, +1.89%) and Bulgarian Stock Exchange (BSE, BGN 7.70, +1.99%). Chimimport (CHIM, BGN 0.725, -2.03%), Sopharma (SFA, BGN 5.80, -1.69%) and Eurohold (EUBG, BGN 1.50, -0.66) pulled back the main index on the ground of poor daily volume.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 June 2024
It was a quiet Wednesday session with mixed actions and poor volumes on narrow base. All major indexes settled on the positive side as the solid jump of top-weighted Sopharma (SFA, BGN 6.04, +3.07%) and Shelly Group (SLYG, BGN 69.00, +0.88%) provided the positive bias despite that the decliners advancers line was in equilibrium. A block trade with Central Cooperative Bank (CCB, BGN 1.65) was registered without change in the price and impacted the daily turnover statistic, which otherwise reached...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 March 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
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 - 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
Morning Bulletin - 30 October 2023
The major indexes closed mixed on Friday as the results came from large cap names. SOFIX (747.05, +0.22%) closed near the session's high at the 50-day MA as First Investment Bank (FIB, BGN 2.60, +4.00%), Bulgarian Real Estate Fund (BREF, BGN 2.28, +3.64%) and Sopharma (SFA, BGN 7.18, +2.28%) gave strength to the benchmark index. The daily volumes slipped compared to weekly statistics and remained below the 15-day average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 3 April - 7 April 2023
The Bulgarian equity market ticked higher last week, with all major indexes registering gains in a range between 0.5% and 0.9%. SOFIX (610.43) continued to move in a narrow range within its major MA and added 0.9% on a weekly basis, extending its year-to-date raise to 1.50%. The advance-decline line favoured advancers by 13-to-11 margin on our watchlist despite the lowered Bulgaria’s GDP growth forecast to 1.5% in 2023 by the World Bank. The weekly volumes slightly improved compared to average w...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 04 April 2023
The Bulgarian stock market started the week and the quarter almost flat with small fluctuations after insignificant trades as the elections results brought no surprise. SOFIX (610.93) moved in narrow range and the advancers led the decliners by a 6-to-5 with Alterco (A4L, BGN 22.40, +1.82%) on top of the gainers and Sopharma Trading (SFT, BGN 5.90, -1.01%) on the opposite side. Few more block trades with Eurohold Bulgaria (EUBG, BGN 1.43, +0.00%) were registered at BGN 1.40 and impacted the dail...
- 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
Morning Bulletin - 28 October 2022
For a third consecutive trading session SOFIX 585.75 (+0.51%) gained altitude paving the positive sentiment for all the other local indexes. Central Cooperative Bank (CCB, BGN 1.48, +2.07%) and First Investment Bank (FIB, BGN 1.87, +1.08%) led the daily gainers while Bulgarian Real Estate Fund (BREF, BGN 2.00, -0.99%) and Telelink (TBS, BGN 12.30, -0.81%) retreated on the back of insignificant trades. BGBX40 (136.11) gained 0.56% while BGTR30 closed at 706.99 (+0.10%). Excellent unconsolidated f...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 12 September - 16 September 2022
The local indexes slightly retreated last week but finished the week almost unchanged in comparison with the slump of world markets. SOFIX slipped by 0.2% to 603.74, BGTR30 lost 0.3% to 731.37 while BGREIT remained unchanged at 182.64. BGBX40 dropped by 0.6% to 139.93 on the back of insignificant volume and moderate weekly fluctuations. The top gainer within our watchlist was Central Cooperative Bank (CCB, BGN 1.73, +8.1%), while Agria Group Holding (AGH, BGN 27.00, -6.9%) fell the most. Overall...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 15 September 2022
Plunge of almost 50% of SOFIX members fixed the main index at 611.62 (-0.34%) on Wednesday. Industrial Holding Bulgaria (IHB, BGN 1.90, -5.00%), Bulgarian Real Estate Fund (BREF, BGN 2.26, -4.24%), Monbat (MONB, BGN 4.90, -2.97%), Doverie (DUH, BGN 7.72, -2.77%) and Chimimport (CHIM, BGN 0.822, -2.14%) slumped on the ground of moderate volume. Blok trade with 273K shares of Eurohold (EUBG, BGN 2.12, +2.91%) lifted the holding to the first place of daily gainers. All other local indexes finished ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 1 August - 5 August 2022
The weekly turnover came at BGN 3.5m. and remained below the average one YTD of BGN 4.3m., but as positive sentiment spread on the market last week all local indexes finished on green territory. SOFIX 608.44 (+1.5%) jumped the most on the ground of First Investment Bank (5F4, BGN 2.06, +7.3%), Monbat (MONB, BGN 5.20, +4.0%), Eurohold Bulgaria (EUBG, BGN 2.08, +4.0%) and Chimimport (CHIM, BGN 0.87, +3.1%). Excellent financial reports, released in the end of July, showed moderate increase in most ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 August 2022
SOFIX 602.07 (+0.39%) closed positive on the ground of a few heavy index members – Eurohold (EUBG, BGN 2.10, +5.00%), Chimimport (CHIM, BGN 0.856, +1.66%) and Advance Terrafund (ATER, BGN 3.02, +1.68%). Despite excellent H1 financial results Sopharma Trading (SFT, BGN 4.90, -1.01%), First Investment Bank (FIB, BGN 1.86, -3.13%) and Central Cooperative Bank (CCB, BGN 1.70, -2.86) retreated with insignificant daily volume. Sopharma (SFA, BGN 4.38, -1.79%) and Bulgarian Real Estate Fund (BREF, BGN ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 July 2022
The Bulgarian stock market ended on a low note on Thursday for second day in a row, ranging from -0.41% to -0.13%. BGREIT (186.44) alone advanced 0.60%, benefiting from the advance of the real estate sector. 9 out of 15 members of the benchmark index registered declines in this trading session as the lack of fresh offers widened the bid/ask spreads, causing slight increase in the volatility. The volumes finished a note higher but still far from the 15-days average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 18 July - 22 July 2022
The Bulgarian stock market indexes ended lower last week in which ECB raised interest rates for a first time in over a decade. The fears over elevated inflation, the rising interest rates, the global growth concerns and the issues with the Russian gas in Europe continued to weigh on sentiment and to worry investors. The leading local index SOFIX (600.63) decreased by 1.0%, followed by the broad BGBX40 (140.98) and BGREIT (185.21) with 0.3% and 1.6% drops respectively while only BGTR30 (734.66) r...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 July 2022
Opposite moves of SOFIX 608.83 (-0.12%) members fixed the main index almost unchanged. Some of the heaviest names slumped under negative sentiment – Chimimport (CHIM, BGN 0.852, -2.96%), Tellelink (TBS, BGN 12.70, -3.05%), Advance Terrafund (ATER, BGN 3.04, -1.62%). Daily gainers within index area were Sopharma (SFA, BGN 4.46, +1.83%), Central Cooperative Bank (CCB, BGN 1.70, +1.19%) and Industrial Holding Bulgaria (IHB, BGN 2.02, +1.00%). BGREIT 185.39 (-1.21%) dropped the most reflecting the S...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 May - 20 May 2022
All main indexes advanced last week despite the negative global sentiment and rising concerns about inflation and upcoming interest rate hikes. The leading local index SOFIX (618.69) increased by 3.2%, rebounding from the previous week loss, followed by the broad BGBX40 (146.38) and BGTR30 (734.92) with 2.8% and 2.4% rises respectively. BGREIT(181.64) increased more modestly, ending the week 0.6% higher. Total turnover remained unimpressive, almost 41% lower than the average from the beginning o...
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