reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 17 June - 21 June 2024
The Bulgarian stock market edged lower last week, as investors remained cautious and approaching summer season lowered the investors’ activity. The leading local index SOFIX lost 0.5% to close at 848.99, as the broad ones – BGBX40 (169.28, -0.7%), BGTR30 (850.96, -0.4%) performed as the benchmark. Declining stocks outnumbered the rising ones in our list of selected companies by 15 to 7, 7 ended unchanged. The weekly top three gainers within the list were all SOFIX members – Sirma Group Holding (...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 June 2024
The market exhibited mixed action on Friday as the participants took profit from outperformed names and switched into names with positive news. SOFIX (848.99, -0.35%) reflected a slight negative slip following the continuing downtrend of Shelly Group (SLYG, BGN 69.00, -0.86%) combined with the deepen losses of M+S Hydraulic (MSH, BGN 10.00, -2.91%) and Central Cooperative Bank (CCB, BGN 1.60, -3.03%). The lack of conviction on both sides in this session left the volumes below the 15-days average...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 10 June - 14 June 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX lost 1% to settle at 853.13. The broader BGBX40 (169.48, -0.70%) and BGTR30 (854.30, +0.20%) performed in different directions, while BGREIT (190.42, +1.20%) gained the most. The decliners outnumbered the advancing stocks in our list of selected companies by 15-to-10 as the top performers were SOFIX member Agria Group (AGH, BGN 21.60, +7.5%) and Gradus (GR6, BGN 1.50, +5.6%). On the negative side the list of ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 14 June 2024
Sopharma Buildings REIT (SFB, BGN 15.40, +25.20%) significantly impacted BGREIT (190.71, +1.21%) and BGTR30 (853.18, +0.19%) and both indexes registered some gains, but market breadth was negative on the broad base and SOFIX (854.66, -0.13%) and BGBX40 (169.75, -0.15%) closed with losses. Decliners led advancers roughly by 7-to-4 margin as the solid gains in Eurohold (EUBG, BGN 1.56, +3.31%) and Central Cooperative Bank (CCB, BGN 1.67, +3.09%) on low volumes were not enough to offset the downsid...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 June 2024
The equities on BSE experienced mixed actions on the first session of the new month. SOFIX (865.44, +0.01%) remained almost unchanged and BGBX40 (170.91, -0.65%) settled lower, while the BGTR30 logged 0.09% gain. The advances of Chimimport (CHIM, BGN 0.73, +2.10%) and Eurohold (EUBG, BGN 1.56, +2.63%) limited the downside moves of M+S Hydraulic (MSH, BGN 10.30, -4.63%) and Synergon Holding (SNRG, BGN 1.10, -9.09%) in the major indexes. The start of the capital increase of Smart Organic (SO, BGN ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 May - 17 May 2024
The enthusiasm on the Bulgarian market continued during the past week, as all major indexes advanced and investors kept the positive sentiment in some particular positions. The local benchmark SOFIX added 2.1% to settle at 855.96 – new 15-years record high, reflecting good performance of some of the index members like members First Investment Bank (FIB, BGN 4.36, +12.4%) and Agria Group Holding (AGH, BGN 23.00, +12.7%). Other major indexes also finished on the positive side, on the ground of mod...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 May 2024
SOFIX (855.96) closed at a new 15-years record high with 0.77% gain on Friday, while the broad indexes underperformed the benchmark but also settled on the positive side – BGBX40 (171.12, +0.74%) and BGTR30 (857.79, +0.59%). Friday’s price action followed the positive sentiment from previous sessions and aside from the financial sector, represented by Doverie (DUH, BGN 9.10, +2.71%) and Chimimport (CHIM, BGN 0.735, +2.08%), which lately lead the major indexes, the high tech sector – Sirma Group ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 May 2024
The major indexes returned into record territory on Thursday, almost recovering previous day losses. SOFIX (849.40) was up 0.37%, a thick below its 15-years high, although the participants were lacking conviction as only the late hour trades defined the positive outcome. BGTR30 (852.78) outperformed with 0.52% gain while BGBX40 (169.87) showed a 0.35% increase, despite the additionally support by Eleven Capital (11C, BGN 16.70, +7.05%) and Alcomet (ALCM, BGN 7.40, +7.25%). The volumes surged sig...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 May 2024
The Bulgarian equity market retreated from record highs on Wednesday as investors engaged in a little profit ahead of upcoming shareholders meetings. SOFIX (846.30) touched a new 15-year record high early in the session, but finally settled 0.33% below, reflecting volatile moves in the financial sector during the day, represented by First Investment Bank (FIB, BGN 4.34, -6.87%), Central Cooperative Bank (CCB, BGN 1.69, -2.31%) and Doverie (DUH, BGN 8.90, -2.63%). The volumes decreased significan...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 April 2024
The Bulgarian equity market started the final session of the week on higher note, building on gains throughout the week. Reloaded buying interest in First Investment bank (FIB, BGN 3.08, +8.45%) and Shelly Group (SLYG, BGN 68.00, +0.59%) provided a boost to the participants, which led SOFIX (818.59, +0.41%) to new 15-years high. The broad indexes BGTR30 (822.07, +0.31%) and BGBX40 (165.97, +0.31%) underperformed the benchmark indexes with significant part of untraded names and expectations for t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 March 2024
Selling pressure ruled the trading and SOFIX (803.52, -0.12%) closed in red on Wednesday. Chimimport (CHIM, BGN 0.682, -3.13%), First Investment Bank (FIB, BGN 2.42, -1.63%) and Sopharma (SFA, BGN 6.24, -1.27%) fully offset the positive moves of Sirma Group Holding (SGH, BGN 0.75, +2.74%) and M+S Hydraulic (MSH, BGN 10.40, +1.96%). 1.76m shares of Gradus (GR6, BGN 1.70, +13.33%) lifted the company to daily top gainers’ place and pushed up BGTR30 (813.04, +0.53%) and BGBX40 (164.71, +0.31%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 March 2024
Opposite moves of SOFIX (811.02, -0.04%) members fixed the main index almost unchanged. Eurohold (EUBG, BGN 1.27, -0.78%), Doverie United Holding (DUH, BGN 9.14, -0.65%) and Chimimport (CHIM, BGN 0.70, -0.57%) slipped without significant daily volume and fully offset the positive moves of Central Cooperative Bank (CCB, BGN 1.55, +3.33%), M+S Hydraulic (MSH, BG 10.80, +0.93%) and First Investment Bank (FIB, BGN 2.54, +0.79%). Overall liquidity remained low as institutional investors stayed away f...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 February 2024
Mixed trading session fixed SOFIX (784.03, +0.08%) and BGREIT (191.49, +0.26%) positive while BGBX40 (161.66, -0.11%) and BGTR30 (805.07, -0.01%) closed negative on Wednesday. First Investment Bank (FIB, BGN 2.84, +3.65%), BSE (BSE, BGN 15.35, +2.68%) and Chimimport (CHIM, BGN 0.72, +2.27%) led the daily gainers on the ground of moderate daily volume. The negative impact on SOFIX came from M+S Hydraulic (MSH, BGN 10.30, -1.90%) and Neochim (NEOH, BGN 21.10, -1.86%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 January 2024
Several heavy names weighted on SOFIX 782.07 (-0.21%) and the main index closed negative on Thursday. Eurohold (EUBG, BGN 1.31, +5.07%) and Chimimport (CHIM, BGN 0.736, -5.40%) dropped under huge selling pressure while First Investment Bank (FIB, BGN 3.20, -3.03%) and Neochim (NEOH, BGN 25.00, -0.79%) slipped without significant daily volume. Speculative trades shook Shelly Group (SLYG, BGN 55.20, +3.37%) in the range BGN 52.60–55.20 but the company closed in the green zone without corporate new...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 11 December - 15 December 2023
Negative sentiment spread over last week and all local indexes finished the week negative. The weekly turnover (BGN 60m) increased more than 4 times compared to the average one YTD but most of it was concentrated in few names. Despite the absence of corporate news Bulgarian Stock Exchange (BSE, BGN 11.85, +6.8%) and First Investment Bank (FIB, BGN 2.98, +5.7%) lead weekly gainers on the ground of moderate weekly turnover while the weekly loser Stara Planina Hold (SPH, BGN 9.70, -5.8%) dropped wi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 December 2023
Opposite moves of blue chips fixed SOFIX 745.32 (-0.39%) negative on Friday. The drops of Sopharma (SFA, BGN 5.80, -2.36%), Advance Terrafund (ATER, BGN 3.25, -1.52%) and First Investment Bank (FIB, BGN 2.98, -1.32%) fully offset the jump of Eurohold (EUBG, BGN 1.49, +2.76%). All other local indexes lost altitude but BGBX40 slipped the most to 154.41 (-0.71%) reflecting negative moves of Stara Planina Hold (SPH, BGN 9.70, -5.83%), Gradus (GR6, BGN 1.40, -2.10%) and Trace (T57, BGN 3.82, -2.55%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 November 2023
The major indexes settled Tuesday session with gains in environment lacking of interest and with poor volumes. The daily movers Eurohold (EUBG, BGN 1.66, +4.40%) and Central Cooperative Bank (CCB, BGN 1.47, -2.65%) changed after small trades in widen Bid/Ask spreads. Chimimport (CHIM, BGN 0.632, +0.32%) maintained some buying interest around BGN 0.632 while Shelly Group (SLYG, BGN 41.00, +0.24%) traded around BGN 40.63 on average. The percentage of untraded members for the major indexes exceeded...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 August 2023
The Bulgarian equity market had another strong showing on Tuesday due to carryover upside momentum to build on recent gains. The major indices saw choppy action, but held onto decent gains for the entirety of the session in a range between +0.25% to +0.80%. Bulgarian Stock Exchange's (BSE, BGN 9.42, +5.37%) big upside move was another support factor for the market, followed by the recovery of Sopharma Trading (SFT, BGN 6.60, +3.94%) and latest favourite Shelly Group (SLYG, BGN 46.80, +3.77%). Th...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 3 July - 7 July 2023
Dividend distributions and reinvestments, buy-back programs and several insider-trading announcements supported moderate optimism on BSE last week. As such, the blue-chip SOFIX advanced 0.4% WoW to 672.49, while the wider BGBX40 and BGTR30 both added 0.2% WoW to 146.42 and 758.05, respectively. The only decliner amongst the indices was BGREIT (-0.2% WoW; 191.89). On the other hand summer vacations had an adverse effect on liquidity and weekly turnover slowed down by 16% to BGN 6.8m. Industrial c...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 July 2023
The Bulgarian equity market closed yesterday’s session, which marked second half of the year, on a slightly lower note. The major indexes traded around their flat lines during the session and ultimately settled mixed with modest gains and losses. SOFIX (668.79) registered 0.17% decline, pressed by First Investment Bank (FIB, BGN 2.06, -4.63%) and Doverie (DUH, BGN 8.64, -2.70%), which volatility came from widened Bid/Ask spreads. The volumes were naturally lighter as the summer holidays began, t...
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