reports
- 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 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
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
Morning Bulletin - 6 July 2023
The major indexes on the Bulgarian stock exchange registered gains ranging from 0.25% to 0.38% as BGEIT (192.01, -0.13%) was an exception on Wednesday. The advancers led decliners by a 7-to-2 margin within SOFIX (673.73, +0.38%) as Chimimport (CHIM, BGN 0.728) surged the most by 2.25%, while Eleven Capital (11C, BGN 20.60) was placed on the top of the daily chart, supporting the broad indexes. The daily volumes improved compared to the previous day but still remained below the 15-day average lin...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 July 2023
The last day of the second quarter Bulgarian equity market ended in positive territory for all major indexes as the lead came from mixed names, like Central Cooperative Bank (CCB, BGN 1.56, +2.63%), and less liquid names Zerneni Hrani (ZHBG, BGN 0.13, +4.84%) and Balkan and Sea REIT (BSP, BGN 22.60, +2.73%). SOFIX (669.90) increased 0.16%, additionally supported by Doverie (DUH, BGN 8.88, +1.60%) and Sopharma Trading (SFT, BGN 6.00, +0.84%), while major part of the members remained unchanged. Th...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 June 2023
Most weekly gainers lost altitude on Friday and weighed on SOFIX (683.34, -0.43%). Allterco (A4L, BGN 27.30, -2.50%), First Investment Bank (FIB, BGN 2.08, -1.89%) and Sopharma (SFA, BGN 6.14, -0.97%) suffered from selling pressure while Central Cooperative Bank (CCB, BGN 1.50, +4.17%) and Neochim (NEOH, BGN 38.50, +1.32%) advanced on the back of moderate daily volume. BGBX40 (150.27, -0.23%) and BGTR30 (754.98, -0.12%) also slipped on Friday with poor daily turnover.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 February 2023
The major indexes closed near session highs on Friday preserving their gains in front of the weekend. SOFIX (619.02) added another 0.24% to its midterm uptrend, while the broad indexes BGBX40 (142.19, +0.10%) and BGTR30 (735.01, +0.08%) underperformed the benchmark. Neochim (NEOH, BGN 41.00, +4.59%) and Telelink (TBS, BGN 10.15, +2.53%) led the gainers in this session, while Chimimport (CHIM, BGN 0.756, -3.82%) and Eleven Capital (11C, BGN 21.60, -2.70%) finished on the opposite side with modest...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 January 2022
Precautious selloffs of Bulgarian equities deepened on Tuesday as more investors looked for positive exits possible after the recent rally. All major indexes finished on negative territory in a range between -0.62% to -0.43%, reflecting the broad based selling. The poor performance of First Investment Bank (FIB, BGN 2.30, -3.36%) and Neochim (NEOH, BGN 40.20, -2.43%) kept SOFIX (616.48, -0.51%) below the previous close for the entire session, while the falls of Gradus (GR6, BGN 1.50, -3.23%) and...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 3 January - 6 January 2023
The Bulgarian stock market started the new year with a positive trading week, as the leading index SOFIX increased modestly by 0.5% to settle at 604.72. The two broad indexes – BGBX40 (139.94, +0.5%) and BGTR30 (734.09, +0.4%) followed the benchmark and showed similar performance, while BGREIT advanced the most (+1.1%) to close at 185.27 on Friday. Gainers outnumbered losers in our list of selected companies by 14 to 7, as the top performers were Speedy (SPDY, BGN 108.00, +5.9%), First Investmen...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 January 2023
The Bulgarian stock market closed the first week of 2023 mixed as SOFIX (604.72, -0.07%) and BGBX40 (139.94, -0.04%) slightly retreated, while BGTR30 (734.09, +0.27%) and BGREIT (185.27, +0.18%) ended on an upbeat note. The trading was focused on large cap names and the retail investors were the main participants tempted by risk appetite names like Sirma Group (SGH, BGN 0.765, +3.38%), First Investment Bank (FIB, BGN 2.08, +4.52%) and Sofia Commerce-Pawn Brokerage (SCOM, BGN 2.86, +3.38%). The t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 29 December - 30 December 2022
The Bulgarian stock market had quiet closing sessions in the last short holiday week of a disappointing year. The main index – SOFIX (601.49, -0.2%) remained between 50 and 200-day MA, registering small downtrend moves in these two trading days and recorded 5.4% loss for 2022. The winner of the year became BGREIT (183.17) with 11.7% gain, mainly supported by Advance Terrafund (ATER, BGN 3.19, +30.46% in 2022), despite the negative weekly result (-0.5%). Decliners dominated advancers 12-8 within ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 December 2022
Long holiday, short current week and absence of corporate news fixed SOFIX 602.86 (-0.01%) unchanged. Insignificant trading volume pulled back Telelink (TBS, BGN 11.30, -0.88%), Sopharma (SFA, BGN 4.46, -0.89%), Central Cooperative Bank (CCB, BGN 1.64, -0.61%) and Doverie (DUH, BGN 7.60, -0.52%) while Allterco (A4L, BGN 20.60, +1.98%) jumped and fully offset the negative impact on the main index. All the other indexes finished the day slightly positive.
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