reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 2 December - 6 December 2024
The Bulgarian stock market ended the week with no clear direction, as the local benchmark SOFIX added 0.1% to settle at 847.67. The broader BGBX40 (166.63, +0.3%) and BGTR30 (846.93, -0.4%) performed in different directions, while the sector BGREIT (213.60,+0.6 %) gained the most, supported by the strong movement of Sopharma Buildings (SFB, BGN 16.50, +19.57%). The weekly top performer within our selected companies was Trace Group Hold (T57, BGN 6.0,+6.2%), followed by Telematic Interactive Bul...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 December 2024
Friday’s trading was mostly mixed with moderate activity on a narrow base as BGBX40 (166.63, -0.02%) blended all volatile price actions within the BSE, underperforming SOFIX (847.67, +0.15%). Chimimport (CHIM, BGN 0.695, -4.14%), Eleven Capital (11C, BGN 16.00, -3.61%) and Stara Planina (SPH, BGN 9.00, -2.17%) led the decliners, while First Investment Bank (FIB, BGN 3.88) and Hydraulic Element and System (HES, BGN 5.50) took some breath and recovered by 3.74% and 2.80%, respectively. The daily v...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 12 August - 16 August 2024
The Bulgarian stock market finished the last week on an upbeat mode as world markets continued to recover from the sharp pullback at the beginning of August. The positive sentiment pushed the benchmark SOFIX up with 1.4% to settle at 866.77 and all other major indexes closed in green, ranging from 1.3% to 2.0%. First Investment Bank (FIB, BGN 5.25, +9.4%) was the top gainer within our list of selected companies, followed by Bulgarian Real Estate Fund (BREF, BGN 2.90, +8.2%) – both SOFIX members....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 March 2024
All indexes closed positive before the holidays. SOFIX (793.16, +0.60%) moved North on the wings of Neochim (NEOH, BGN 22.00, +4.27%), Sopharma (SFA, BGN 6.36, +3.25%), Sopharma Trading (SFT, BGN 5.80, +3.57%) and First Investment Bank (FIB, BGN 2.86, +2.14%). Shelly (SLYG, BGN 58.60, -1.01%) and Elana Agrocredit (EAC, BGN 1.07, -0.93%) weighed on the main index but positive sentiment prevailed the sellers on Friday.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 February 2024
Turbulence shook SOFIX (783.52, -0.40%) on Thursday. First Investment Bank (FIB, BGN 2.44, -21.79%) crashed after the release of negative news. Chimimport (CHIM, BGN 0.704, -4.09%) and BSE (BSE, BGN 14.00, -1.06%) also suffered from selling pressure and weighed on the main index. Expected dividend payment from the Moldavian bank pushed Doverie (DUH, BGN 9.14, +2.24%) up while Eurohold (EUBG, BGN 1.36, +3.85%) and M+S Hydraulic (MSH, BGN 11.20, +3.70%) advanced on the back of speculative trades.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 January 2024
All indexes lost altitude on Tuesday with moderate daily volume. SOFIX 778.21 (-0.46%) slipped below the psychological level of 780 while wide BGTR30 closed at 811.91 (-0.50%). After several days of North move Chimimport (CHIM, BGN 0.78, -7.38%) suffered from selling pressure and profit taking. BSE (BSE, BGN 14.45, -3.02%) and Neochim (NEOH, BGN 26.00, -2.99%) weighted on the main index, while Advance Terrafund (ATER, BGN 3.34, +1.21%) and M+S Hydraulic (MSH, BGN 10.90, +0.93%) added value on th...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 8 January - 12 January 2024
The Bulgarian stock market finished the last trading week on a positive note as continuing investors’ appetite in some particular positions supported indexes. The local benchmark SOFIX added 1.4% to settle at 777.54, reflecting the strong performance of index members Shelly Group (SLYG, BGN 53.40, +10.3%) and Bulgarian Stock Exchange (BSE, BGN 14.50, +17.9%). A total of 11 out of 29 names in our universe finished on green territory, 10 weighted on the red side, 8 remained unchanged. The weekly t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 15 January 2024
The BSE indexes closed higher on Friday as the benchmark SOFIX added 1.01% to settle at 777.54, reflecting the continuing buying interest in Shelly Group (SLYG, BGN 53.40, +4.71%). Other daily gainers within SOFIX were Sopharma Trading (SFT, BGN 5.70, +3.64%), Bulgarian Stock Exchange (BSE, BGN 14.50, +2.84%) and First Investment Bank (FIB, BGN 3.06, +2.68%). The broader BGBX40 (159.91, +0.92%) and BGTR30 (805.91, +0.75%) performed as the benchmark while BGREIT (191.83, +0.00%) remained flat.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 2 October - 6 October 2023
The Bulgarian stock market closed the week lower on Friday, pressured by the lack of new investor’s appetite and continuing global uncertainty. The leading local index SOFIX recorded modest decline and lost 0.3% to settle at 753.13, as the broad ones BGBX40 (158.17, -0.2%) and BGTR30 (787.31, -0.1%) showed similar performance. The best performers of the week within our list of selected companies were Bulgarian Stock Exchange (BSE, BGN 10.20, +6.7%), Sopharma Trading (SFT, BGN 6.40, +4.9%) and Tr...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 31 July - 4 August 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 32.60, +9.4%), First Investment Bank (FIB, BGN 2.30, +11.7%) and Central Cooperative Bank (CCB, BGN 1.65, +6.5%). The local benchmark SOFIX (695.21) was the top gainer with 2.3% rise, reflecting the impressive performance of the three index members. The broad indexes BGBX40 (146.73, 0.00%) and BGTR30 (745.65, +0.4%) also finished on the positive side o...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 August 2023
The Bulgarian equity market closed almost unchanged on Wednesday as the benchmark SOFIX (688.55) added 0.03% in extremely weak trade. The lack of investor interest in the middle of the summer left the turnover far below the 3-month average numbers. Positive sentiment raised Chimimport (CHIM, BGN 0.72, +1.69%) and Bulgarian Stock Exchange (BSE, BGN 9.20, +1.10%). The negative impact on the main index came from Shelly (SLYG, BGN 30.00, -0.66%) and Neochim (NEOH, BGN 30.90, -0.32%). The extended in...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 June - 23 June 2023
The Bulgarian stock market followed the negative global sentiment and finished the last trading week on a red territory, as investors digested returned recession fears and official comments for further interest rate hikes ahead. At the close in Sofia the benchmark SOFIX lost 0.9% WoW to close at 678.45 as the broad BGBX40 (147.88) performed similar and dropped 1.0%. The decliners outnumbered the advancers in our list of selected companies by 16-to-10 as the worst performers were Industrial Holdi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 June 2023
The Bulgarian equity market retreated on Tuesday as local benchmark SOFIX lost the most (-1.50%) to settle at 675.16 after rapid sell-off of blue chips like Doverie United Holding (DUH, BGN 8.90, -2.84%), Eurohold (EUBG, BGN 1.80, -3.74%) and Sopharma (SFA, BGN 5.30, -3.99%). Advance Terrafund (ATER, BGN 3.33, 0.00%) registered increased activity and contributed to the daily turnover, but the overall volumes remained low as the summer season is already approaching. The gainers within SOFIX were ...
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 29 December - 30 December 2021
The last short trading week of the year passed under the signs of moderate volatility and low volumes. The moves were mixed as BGBX40 (143.68) advanced the most by 0.8%, while BGREIT (163.98) finished on the opposite side by 0.2% slip. Eurohold Bulgaria (EUBG, BGN 2.46) ended as a top gainer оn our watchlist by increasing with 4.2%, while Agria Group Holding (AGH, BGN 14.60) was on the opposite side with 2.7% loss. Traditionally Sopharma (SFA, BGN 4.46, -2.2%) was among the most traded names, fo...
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 December 2021
The local indexes advanced with insignificant daily turnover, where SOFIX added 1.25% to 641.24. The top increases within the main index were by Eurohold Bulgaria (EUBG, BGN 2.46, +4.24%) and Allterco (A4L, BGN 25.00, +3.31%), both of which increased on a few low-volume trades. There were no notable moves on the negative side and none of the constituents booked significant turnover. The most traded within the main index was Sopharma (SFA, BGN 4.58, +0.44%), which made up 35.4% of the total daily...
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 1 November - 5 November 2021
The local indexes advanced with regular turnover over the past week, where SOFIX advanced the most by 3.4% to 603.84. The top gainer within our universe was Allterco (A4L, BGN 24.00, +21.8%), which gained ground with decent volume, with next being Neochim (NEOH, BGN 25.8, +10.3%), which increased on a few low-volume trades. Advance Terrafund (ATER, BGN 2.93, +7.3%) and Agria Group Hold (AGH, BGN 12.10, +7.1%) advanced notably as well, while the top decline was by Gradus (GR6, BGN 1.33, -7.6%). T...
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 November 2021
The local indexes advanced with regular turnover, where SOFIX added 1.19% to 590.22. The top gainers within the main index were Doverie United Holding (DUH, BGN 7.88, +4.51%) and Monbat (MONB, BGN 6.05, +4.31%), while there were no significant price changes on the negative side. Doverie was also the most traded constituent, followed by Telelink Business Services Group (TBS, BGN 15.80, +0.64%) and Allterco (A4L, BNG 20.60, +0.98%). BGREIT slipped by 0.10% to 163.06, as the decline of Bulgaria Rea...
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 20 September - 24 September
SOFIX advanced to 564.03 (+1.4% WoW) on the ground of increased liquidity. Weekly turnover reached BGN 12.7m compared to the average one YTD of BGN 9m. Almost 50% of the weekly volume was concentrated in four companies – Eurohold, Sopharma, Telelink and Doverie, triggered by corporate news, buy-back and increased risk appetite. The weekly gainer Stara Planina (SPH, BGN 11.50, +36.9%) raised investors’ attention by reporting 36.7% increase of company sales for the first 8 months of 2021. Note, th...
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 September 2021
The local indexes shrank slightly, where SOFIX dropped by 0.49% to 553.69. The top mover within the main index was Monbat (MONB, BGN 6.15, -6.11%), which slipped on a few low-volume trades, followed by Doverie United Holding (DUH, BGN 6.16, -2.84%). On the opposite side, the top increase was by Bulgarian Real Estate Fund REIT (BREF, BGN 2.25, +2.74%), which also booked insignificant turnover, and there were no other substantial price changes. The most traded remained Sopharma (SFA, BGN 3.70, 0.0...
- Martin Dimitrov
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 9 August - 13 August 2021
All local indexes advanced over the past week, with total weekly turnover at 71.7% of the average YTD. The top gainer within our universe was Speedy (SPDY, BGN 100.00, +17.6%), which advanced on proposing BGN 28.2m dividends for 2020, with next being Industrial Holding Bulgaria (IHB, BGN 1.85, +15.6%), which jumped on its majority shareholder filing a tender offer at BGN 1.90 per share. On the opposite side, the top decline was by Chimimport (CHIM, BGN 0.94, -4.3%), which slipped with no apparen...
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