All major indexes finished on the negative side in range between -0.8% to -1.7% as SOFIX (571.93) slipped the most. Industrial Capital Holding (HIKA, BGN 2.90, -8.8%), Alcomet (ALCM, BGN 9.20, -8.0%) and Stara Planina Hold (SPH, BGN 10.10, -5.6%) were the top losers within our universe, whereas M+S Hydraulic (MSH, BGN 8.8, +6.0%), Bulgarian Stock Exchange (BSE, BGN 9.2, +4.0%) and Albena (ALB, BGN 31.80, +3.2%) finished on the opposite side. The weekly turnover slightly increased compared to the...
finish. Allterco (A4L, BGN 20.60) and Sopharma Trading (SFT, BGN 4.98) led the gainers list among SOFIX (571.93, +0.90%) members by increasing 6.19% and 2.05%, respectively. Doverie United Holding (DUH, BGN 7.50, +1.63%), Industrial Holding Bulgaria (IHB, BGN 2.00, +1.52%) and Bulgarian Real Estate Fund (BREF, BGN 2.18, +0.93%) supported the indexes too and added significant part to daily liquidity on the market. The volumes on the other hand slipped below the 15-days average as the financial se...
The local indexes slipped over the last week, where SOFIX shrank the most, as it erased 1.6% to 560.71. The top movers within our universe were Bulgarian Stock Exchange (BSE, BGN 8.85, +8.6%), with next being Eurohold Bulgaria (EUBG, BGN 2.20, -5.2%) and Advance Terrafund REIT (ATER, BGN 2.60, -5.1%). Bulgarian Real Estate Fund REIT (BREF, BGN 2.20, -4.3%) and Agria Group Holding (AGH, BGN 12.70, +4.1%) changed notably as well, but none of them booked substantial turnover. The most traded within...
The local indexes slipped slightly over the past week, where SOFIX shrank by 0.37% on Friday to 561.71. The top mover within the main index was Bulgarian Real Estate Fund (BREF, BGN 2.20, -4.35%), which dropped on a few low-volume trades. Central Cooperative Bank (CCB, BGN 1.04. -3.07%), Doverie United holding (DUH, BGN 6.00, -2.60%), and Advance Terrafund (ATER, BGN 2.60, -2.26%) also slipped notably on a few small trades, while the top increase was by Eurohold Bulgaria (EUBG, BGN 2.20, +3.77%)...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
SOFIX lost altitude on Friday as a few heavy index members suffered from selling pressure. Eurohold (4EH, BGN 1.53, -5.56%), Holding Varma (5V2, BGN 37.60, -5.05%), Chimimport (6C4, BGN 0.925, -2.12%) and First Investment Bank (5F4, BGN 1.82, -2.15%) weighed on the main index, which closed at 420.33 (-1.25%). Elana Agrocredit (0EA, BGN 1.01, +2.02%) and Gradus (GR6, BGN 1.41, +1.44%) advanced on the back of small speculative trades.
The local indexes slipped with moderate volume on Friday, where SOFIX erased 0.62% to 422.58 points. The top losers within the main index were Central Cooperative Bank (4CF, BGN 0.87, -5.95%) and Stara Planina Hold (5SR, BGN 4.56, -4.20%), both of which booked decent volumes. The top gainer was Sirma Group Holding (SKK, BGN 0.61, +2.52%), while there were no other notable moves on the positive side. The most traded among the constituents was Chimimport (6C4, BGN 0.89, -1.11%), which booked mostl...
The market was quite balanced on Thursday as the negative drops of Trace Group (T57, BGN 3.32, -2.35%), Sirma Group (SKK, BGN 0.595, -2.46%) and Central Cooperative Bank (4CF, BGN 0.925, -1.07%) were fully offset by the jumps of Elana Agrocredit (0EA, BGN 1.01, +3.59%) and SOFIX finished at 425.21 (+0.02%). 65% of the daily turnover came from two companies that entered the main index this week – Eurohold (4EH, BGN 1.59, -0.63%) and Trace Group. The buying power in Sopharma (3JR, BGN 3.14, 0.00%)...
Positive start of the week on the back of moderate daily turnover raised SOFIX by 0.39% to 434.21. Advance Terrafund (6A6, BGN 1.76, +1.15%), Doverie United Holding (5DOV, BGN 3.30, +1.54%) and Elana Agcrocredit (0EA, BGN 1.00 ,+1.01%) jumped without significant volume while daily losers Chimimport (6C4, BGN 0.96, -4%), M+S Hydraulic (5MH, BGN 5.30, -2.75%) and Real Estate Fund Bulgaria (5BU, BGN 1.76, -1.12%) suffered from selling pressure and registered larger daily turnover. The only local in...
SOFIX 433.44 (-0.04%) remained almost unchanged on Tuesday as Elana Agrocredit (0EA, BGN 0.985, +1.55%), Monbat (5MB, BGN 3.14, +0.64%) and Advance Terrafund (6A6, BGN 1.85, +0.54%) fully offset the negative moves of Albena (6AB, BGN 23.60, -2.48%), Central Cooperative Bank (4CF, BGN 0.975, -1.02%) and First Investment Bank (5F4, BGN 2.06, -0.96%). The annual consolidated report of Sirma Group (SKK, BGN 0.424, +7.07%) triggered investors’ attention and the IT company jumped by more than 7% on Tu...
Friday witnessed another quiet session with weak volumes and mixed order book. SOFIX (430.87) lost 0.51% as Holding Varna (5V2, BGN 37.20, -6.06%) weighed the most, followed by Albena (6AB, BGN 25.20, -1.56%) and Gradus (GR6, BGN 1.38, -1.43%). BGREIT (130.81) alone finished on the positive side as Advance Terrafund (6A6, BGN 1.80) and Bulgarian Real Estate Fund (5BU, BGN 1.77) advanced by 1.69% and 1.14%, respectively.
All local indexes slipped slightly on Thursday. The main index SOFIX shrank by 0.34% to 433.08 points and booked low daily turnover as 1/5 of its members were not traded throughout the session. The top gainer among the members was Elana Agrocredit (0EA, BGN 0.96, +1.05%) and the top loser was Advance Terrafund (6A6, BGN 1.77, -1.67%), but none of the constituents changed in price significantly and only Bulgarian Real Estate Fund (5BU, BGN 1.75, -1.13%) booked substantial volume. There was more i...
The positive trend from the beginning of the week continued as all main indexes finished the session in green territory. SOFIX (436.91) added 0.07% led by Industrial Holding Bulgaria (4ID, BGN 0.77, +1.32%) and Albena (6AB, BGN 26.60, +1.53%). Volumes on the other hand continued to decline as the order book shrank even more. Sopharma (3JR, BGN 2.96, 0.00%) and Chimimport (6C4, BGN 1.01, -0.98%) provided some liquidity almost without change in prices.
SOFIX closed negative on Friday reflecting the drops of Doverie (5DOV, BGN 3.05, -4.69%), Stara Planina (5SR, BGN 4.54, -3.4%) and Chimimport (6C4, BGN 1.00, -1.96%). First Investment Bank (5F4, BGN 2.22, +1.83%) and Holding Varna (5V2, BGN 39.60, +1.54%) supported the main index while 12 index members finished the day on the negative territory. The uncertainty and summer vacations decreased investors’ activity and overall liquidity remained poor.
The negative trend was interrupted on Thursday and the major indexes advanced with moderate volumes. Holding Sveta Sofia (4HS, BGN 3.88, +7.78%) led the gainers, followed by Stara Planina (5SR, BGN 4.70, +4.44%) and Hydraulic Elements and System (4HE, BGN 3.64, +3.41%). First Investment Bank (5F4, BGN 2.18) slipped by 0.91% under selling pressure and finished the session at BGN 2.18. On the down side, Zarneni Hrani (T43, BGN 0.133) lost 10.74% and Alcomet (6AM, BGN 5.30) dropped 9.40%.
The local indexes remained virtually flat for a second consecutive session, where SOFIX slipped by 0.7% to 439.88 points. The daily turnover within the main index remained low as 1/3 of its members were not traded throughout the session. The decline was mostly on the two heaviest members Sopharma (3JR, BGN 2.98, -0.67%) and Advance Terrafund (6A6, BGN 1.81, -1.09%) losing ground on low-volume trades, while the only notable increase was by Doverie United Holding (5DOV, BGN 3.14, +2.28%), which bo...
The last week brought mixed results for the main indexes on BSE as SOFIX (442.27) finished on the negative side with 0.4% drop, while the other indexes slightly advanced. Monbat (5MB, BGN 2.98, -3.90%), Chimimport (6C4, BGN 1.00, -3.4%) and First Investment Bank (5F4, BGN 2.50, -3.10%) weighted the most on the main index. Trace Group (T57, BGN 3.94) jumped by 8.20% after the announcement that the main shareholder has filed a voluntary tender offer and supported BGBX40 (95.27, 0.02%) and BGTR30 (...
The local indexes advanced slightly on Wednesday, but with very low daily turnover. The main index SOFIX added 0.19% to 442.17 points, where 1/3 of its constituents were not traded at all throughout the session. The top winner among the members was M+S Hydraulic (5MH, BGN 6.30, +6.78), which gained ground on a few small trades, while the top loser was its holding company Stara Planina Hold (5SR, BGN 4.50, -2.17%), which shrank with even lower volume. None of the other members changed notably or ...
Negative start of the week for SOFIX 443.73 (-0.11%) came after the plunge of Monbat (5MB, BGN 2.98, -3.87%), Chimimport (6C4, BGN 1,-, -2.91%) and Doverie (5DOV, BGN 3.10, -2.21%). Bulgarian Real Estate Fund (5BU, BGN 1.81, +0.56%) and Holding Varna (5V2, BGN 39,+4.84%) were the only index members that gained altitude on Monday but on the back of small daily volume. Overall liquidity remained poor as institutional investors stay away from trading.
The successful capital increase of First Investment Bank (5F4, BGN 2.66, +3.1%), announced in the end of the trading session on Thursday, pushed the price of the bank by more than 3% with bigger volume. Most of the other index members lost altitude and finally SOFIX closed at 452.52 (-0.11%). Albena resort (6AB, BGN 29.20, -2.01%), Chimimport (6C4, BGN 1.01, -1.94%) and Central Cooperative Bank (4CF, BGN 1.01, -1.94%) stepped back on the ground of insignificant daily volume and weighted on the m...
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