reports
- 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
Morning Bulletin - 22 May 2024
The Bulgarian equity market finished strong on Tuesday, leaving the major indexes at fresh 15-years high. SOFIX (871.29) saw a 0.96% gain, continuing its recent performance, while BGTR30 (867.48) and BGBX40 (172.93) surged by 0.82% and 0.59%, respectively. The financial sector finished as a leader once again as evidenced by the positive bias in market breath, mainly reflecting the reaction of the retail on the released news of First Investment Bank (FIB, BGN 4.84, +9.01%) before the session from...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 April - 26 April 2024
All major indexes advanced modestly last week with the exception of BGREIT (190.47, -0.5%), as investors remained focused on the continuing release of the Q1 financial reports. The local benchmark SOFIX added 1.6% to close at 818.59, reflecting the excellent performance of index members like First Investment Bank (FIB, BGN 3.08, +20.3%) and M+S Hydraulic (MSH, BGN 11.90, +10.2%). A total of 12 out of 29 names in our universe finished on green territory, 10 weighted on the red side, 7 remained un...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 April 2024
Friday’s session felt similar to other sessions from the previous week with below average volume at BSE as the exception was the registered block trade of Eurohold (EUBG, BGN 1.31, -0.76%) for more than million shares at BGN 1.35. All main indexes finished on negative side as a consequence of lack of conviction from buyers and widened Bid/Ask spreads. Zlaten Lev Holding (HLEV, BGN 3.60, -19.28%), Monbat (MONB, BGN 3.44, -3.37%) and Korado (KBG, BGN 4.28, -2.73%) were the daily laggards, while th...
- 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 - 23 February 2024
The Bulgarian equity market gained momentum after a deep interest appeared in names like M+S Hydraulic (MSH, BGN 11.10, +1.83%) and Doverie United Holding (DUH, BGN 9.20, 0.00%) and renewed the market enthusiasm for other growth names. SOFIX (784.84) advanced 0.62% supported by First Investment Bank (FIB, BGN 2.84, +3.65%) and Bulgarian Stock Exchange (BSE, BGN 14.50, +3.57%). Some names were left out of the trading or with poor volumes but the overall daily statistics improved compared to previ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 January - 26 January 2024
Over the past week, investors managed to stay positive and Bulgarian stock market advanced modestly. The local benchmark SOFIX added 0.6% to close at 787.72, reflecting the good performance of index members like Shelly Group (SLYG, BGN 57.60, +5.1%) , Central Cooperative Bank (CCB, BGN 1.61, +3.9%) and others. The weekly top gainer within our list of selected companies was Alcomet (ALCM, BGN 7.15, +8.3%), followed by Shelly and Stara Planina Hold (SPH, BGN 10.40,+5.1%). Neochim ( NEOH, BGN 27.0...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 18 December - 22 December 2023
The BSE indexes remained flat last trading week, as the benchmark SOFIX (740.97, -0.6%) was the only one that ended on the red side. Rising stocks outnumbered the declining ones in our list of selected companies by 14 to 8, while 7 ended unchanged. The best performers were Gradus (GR6, BGN 1.50, +7.1%), Shelly Group (SLYG, BGN 46.00, +5.0%) and Alcomet (ALCM, BGN 7.30, +4.3%), while M+S Hydraulic (MSH, BGN 10.70, -7.8%) and Eurohold Bulgaria (EUBG, BGN 1.39, -6.7%) lost the most. The weekly turn...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 December 2023
Thursday’s session was focused on narrow range of large cap names with two active buyback procedures – Gradus (GR6, BGN 1.50, +3.45%) and Sopharma (SFA, BGN 5.78, -0.69%). The broad indexes took advantage from numerous names, like Eleven Capital (11C, BGN 17.80, +2.89%), Sirma Group (SGH, BGN 0.72, +2.86%) and Stara Planina (SPH, BGN 10.20, +3.55%), while SOFIX (740.77) slipped by 0.20%, following its heavy members Eurohold (EUBG, BGN 1.40, -3.45%) and First Investment Bank (FIB, BGN 2.94, -1.34...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 20 November - 24 November 2023
The Bulgarian stock exchange indexes closed the week flat on Friday with the exception of the sector focused BGREIT, which lost 1.5% to settle at 188.33. The benchmark SOFIX (748.79, 0.0%) remained unchanged as the broad ones - BGBX40 (157.39, -0.1%) and BGTR30 (782.28, +0.1%) finished in a similar fashion. The weekly top performers within our list of selected companies were Korado Bulgaria (KGB, BGN 4.60, +9.5%) and Doverie United Holding (DUH, BGN 8.52, +3.9%), while Industrial Capital Holding...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 November 2023
The major indexes declined on Tuesday in disappointing session as investors looked for cash from liquid names included in SOFIX (737.46, -1.21%). The negative bias was reflection of medium sized trades on bid side in widened spreads of names like Shelly Group (SLYG, BGN 40.40, -4.49%), First Investment Bank (FIB, BGN 2.56, -4.48%) and Chimimport (CHIM, BGN 0.64, -3.03%). Even the increased selling pressure couldn’t improve the volumes, which remained lower than the average for the last 3 months.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 October 2023
The Bulgarian stock market ended on a negative side on Friday, as investors’ activity remained unimpressive. The major indexes all closed in red, as the benchmark SOFIX (741.92) declined 1.10%, mainly due to a significant drop in Eurohold Bulgaria (EUBG, BGN 1.70, -5.03%). A block trade with Eurohold lifted the index turnover, reaching 155% of the 3-months average numbers. The top gainer within the index was Bulgarian Stock Exchange (BSE, BGN 10.55, +3.94%), while EUBG and Shelly Group (SLYG, BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 25 September - 29 September 2023
The local stock market gained some steam last week and ended on a positive note with the exception of sector index BGREIT (190.35, -0.4%). The benchmark SOFIX (755.73) was the top gainer with 2.0% rise, reflecting the impressive performance of the index member Sopharma (SFА, BGN 7.18, +15.8%). The number of declining stocks equaled the advancing ones in our list of selected companies-12 to 12, where 5 ended the week unchanged. The top gainers were Sopharma, Sirma Group Holding (SGH, BGN 0.76, +5...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 September 2023
Thursday was the last trading day for the equity market last week due to the Independence day, celebrated on 22 September and it started on an upbeat note with major indexes all showing moderate gains. SOFIX (741.15) increased the most by 0.15%, following the recovery of Shelly Group (SLYG, BGN 42.90, +3.13%), which totally balanced the drop of newly joined member M+S Hydraulic (MSH, BGN 11.40, -2.56%). The volumes remained close to 15-days average as BGREIT’s members contributed the most to the...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 21 August - 25 August 2023
It was another positive week for the Bulgarian stock markets, as continuing investors’ appetite in some particular positions supported indexes in a turbulent global conditions. The local benchmark SOFIX (741.19) was the top gainer with 1.9% rise, mainly reflecting the endless buying interest in Shelly Group (SLYG, BGN 43.60, +6.3%) shares. The other major indexes also finished on the positive side, on the ground of moderate-to-low liquidity. The weekly top performer within our list of selected c...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 August 2023
The major indexes started the new week flattish as the continuing buying interest in Shelly Group (SLYG, BGN 41.20, +0.49 %) contributed to the decent turnover. Sopharma Trading (SFT, BGN 6.40, +4.92%) led the gainers within SOFIX (729.65, +0.27%), followed by Central Cooperative Bank (CCB, BGN 1.62) and First Investment Bank (FIB, BGN 2.36), rising 4.52% and 3.51% respectively. Improved activity and turnover was observed during the session with other shares like Doverie (DUH, BGN 8.26, -0.24%),...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 17 July - 21 July 2023
The Bulgarian stock market rose on Friday to end the week higher, supported by the increased buying interest in names like Shelly Group (A4L, BGN 27.90, +7.2%) and Gradus (GR6, BGN 1.57, +6.1%). The local benchmark SOFIX (682.70) was the top gainer with 1.6% rise, reflecting the impressive performance of the two index members A4L and GR6. Other major indexes also finished on the positive side, on the ground of moderate-to-low liquidity. Advancing stocks outnumbered twice the declining ones in ou...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 July 2023
All local indexes closed positive on Friday without corporate news and small daily volume. SOFIX 682.7 (+0.69%) advanced the most, reflecting the jump of Gradus (GR6, BGN 1.57, +3.97%), Sopharma (SFA, BGN 5.36, +2.29%) and Chimimport (CHIM, BGN 0.738, +1.37%). The negative impact on the main index came from Monbat (MONB, BGN 4.30, -1.83%) and Doverie (DUH, BGN 8.46, -0.47%). Small speculators ruled the trading on Friday as bid/ask spreads augmented while institutional investors stood away from t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 June 2023
The major indexes endured some volatility from large cap names on Wednesday to finish mixed as no particular news was announced lately. The daily gainers Gradus (GR6, BGN 1.48, +2.07%), Eurohold Bulgaria (EUBGN, BGN 1.89, +5.00%) and Sopharma (SFA, BGN 5.36, +1.13%) registered significant gains and prevailed the losers - Neochim (NEOH, BGN 35.00, -7.16%) and the financials, represented by First Investment Bank (FIB, BGN 2.08, -5.45%) and Central Cooperative Bank (CCB, BGN 1.51, -4.43%). Finally,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 April 2023
It was another weak session for the Bulgarian market with broad-based selling, led by the production sector – Neochim (NEOH, BGN 36.40, -4.71%), Agria Group (AGH, BGN 23.30, -2.92%). SOFIX (608.95, -0.40%) continued its midterm downtrend and finished below its 100-day MA as Sopharma (SFA, BGN 5.68, -2.74%) and Bulgarian Stock Exchange (BSE, BGN 8.56, -1.61%) weighed additionally. The continued poor activity of the investors reflected on low volumes for the day.
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