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 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 (432.51) slightly recovered on Friday from previous day’s decline by adding 0.38%, while volume remained below the 15-days moving average. Daily gainers among benchmark index were Monbat (5MB, BGN 3.26), which increased 2.52%, slightly rebounding from its bottom at BGN 2.96 in middle June, followed by Advance Terrafund (6A6, BGN 1.74, +2.35%) and Doverie United Holding (5DOV, BGN 3.25) with 1.88% DoD increase. On the opposite side were representatives of the financial sector - First Invest...
The local indexes closed in opposite directions on Monday, where SOFIX remained virtually flat (435.17, +0.01%) with low daily turnover. The marginal growth of the main index was mostly on insignificant increases by some members as only Gradus (GR6, BGN 1.43, +2.14%) advanced notably, while the heaviest Sopharma (3JR, BGN 2.98, 0.00%) and Advance Terrafund (6A6, BGN 1.83, -0.54%) remained flat and declined slightly, respectively. On the negative side, the top loser was Monbat (5MB, BGN 3.18, -3....
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...
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.
The local indexes closed in opposite directions on Tuesday with insignificant daily turnover. SOFIX slipped by 0.38% to 438.22 points, with the decline being mostly on First Investment Bank (5F4, BGN 2.20, -5.17%), which lost ground on multiple low-volume trades. There were no other significant price changes, where almost 1/3 of the constituents were not traded at all and none of the members was traded with substantial volume. BGREIT added 0.11% to 131.3 points, with the increase being entirely ...
The local indexes moved in opposite directions, booking very low weekly turnover of only 32.6% of the average YTD. SOFIX shrank by 0.5% to 440.18 points, BGTR30 and BGBX40 came up 1.0% and 0.5% to 466.18 and 95.74, respectively, and BGREIT added 0.1% to 131.44. The top gainer within our universe was Industrial Capital Holding (4I8, BGN 1.84, +15.0%), which gained ground on many low-volume trades, with next being Alcomet (6AM, BGN 5.70, +9.6%), which booked only 7 small trades. On the negative si...
The local indexes advanced slightly on Thursday with very low daily turnover. The main index SOFIX added 0.21% to 440.63 points, where almost half of its constituents were not traded over the session and none of them changed significantly in price or booked notable volume. The top movers within the index were Monbat (5MB, BGN 3.08, -1.91%), First Investment Bank (5F4, BGN 2.44, +1.67%) and Gradus (GR6, BGN 1.46, +1.39%), all of which on low-volume trades. The most traded members were Bulgarian R...
The big fluctuations did not change SOFIX on Wednesday and the index finished at 455.24 (+0.03%). Albena (6AB, BGN 29.00, -1.36%), First Investment Bank (5F4, BGN 2.62, -1.5%), Monbat (5MB, BGN 3.18, -1.24%) and Central Cooperative Bank (4CF, BGN 1.04, -0.95%) stepped back but the positive moves of Advance Terrafund (6A6, BGN 1.88, +1.62%) and Elana Agrocredit (0EA, BGN 1.01, +1%) fully offset the impact on the main index. Overall liquidity remained poor and far below the 3mAVG.
The absence of news, fears around Covid-19, and shaky world markets froze the trading on BSE on Thursday. Only 5 SOFIX members were traded while all the rest dropped off the investor’s monitor. Gradus (GR6, BGN 1.48, +4.37%) jumped on the ex-dividend date but on the ground of insignificant volume. Real Estate Fund Bulgaria (5BU, BGN 1.82, -2.15%) and Sopharma (3JR, BGN 3.13, -1.26%) stepped back with wide bid/ask spreads and speculative trades only.
SOFIX lost 0.28% on Tuesday under the pressure of First Investment Bank (5F4, BGN 2.64, -3.65%) which weighed on the index with bigger seller of 110K shares who found adequate demand at BGN 2.66. Albena (6AB, BGN 29.40, -2.00%) and Stara Planina (5SR, BGN 4.86, -0.82%) also lost altitude but on the ground of insignificant speculative trades. Advance Terrafund (6A6, BGN 1.89, +1.61%) and Monbat (5MB, BGN 3.22, +0.63%) barely offset the negative impact on the main index.
Big fluctuations of SOFIX members offset each other and the index closed almost unchanged on Thursday. First Investment Bank (5F4, BGN 2.76, +2.99%) jumped on the back of insignificant volume while Chimimport (6C4, BGN 1.08, +0.93%) registered 306K daily turnover. The announcement that several indictments were registered against majority shareholders of Monbat (5MB, BGN 3.98, -3.4%) weighed on the car battery producer but daily volume remained insignificant. Central Cooperative Bank (4CF, BGN 1....
Absence of corporate news and fears from the development of the coronavirus epidemic kept most of institutional investors away from trading. SOFIX added 0.15% to 450.22 reflecting the moderate increase of Sopharma (3JR, BGN 2.92, +0.69%) and Monbat (5MB, BGN 4.14, +0.98%) while First Investment Bank (5F4, BGN 2.54, -1.55%) stepped back on the ground of one speculative trade. All other local indexes slightly increased on the back of insignificant volume.
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