reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 30 September - 4 October 2024
Bulgarian stock market indexes closed the week almost flat on Friday, largely reflecting the lack of fresh investors’ enthusiasm, while international markets remained on a volatile note, because of elevated geopolitical and economic uncertainty. The benchmark SOFIX lost 0.1% to settle at 854.78, as all other major indexes closed mixed, ranging from 0.1% to -0.4%. The former SOFIX member M+S Hydraulic (MSH, BGN 9.90, +6.5%) led the gainers within our list of selected companies, followed by Elana ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 October 2024
The Bulgarian equity market closed the week mixed as SOFIX (854.78, +0.06%) alone settled above the surface, while the broad indexes – BGBX40 (168.20) and BGTR30 (868.26) booked 0.12% and 0.14% losses after some low volume trades with Stara Planina (SPH, BGN 9.50, -5.00%). Some buy in the deep interest in First Investment Bank (FIB, BGN 3.98, +3.65%) placed the name on the top of the gainers for this trading session and along with Elana Agrocredit (EAC, BGN 1.10, +2.80%) and Hydraulic Elements a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 October 2024
The trading activity on Bulgarian equity market shrunk to benchmark based narrow range and settled the main indexes on the positive side as BGBX40 (168.47) alone booked 0.20% loss dragged by Speedy (SPDY, BGN 193.00, -8.10%). The price actions with Central Cooperative Bank (CCB, BGN 1.65, +1.85%) and Bulgarian Stock Exchange (BSE, BGN 8.10, +1.25%) and stable trading of First Investment Bank (FIB, BGN 4.00, 0.00%) around support level of BGN 4.00 left SOFIX (855.23, +0.17%) near prior closing li...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 October 2024
The Bulgarian equity market was in a peaceful state until late rally effort to finish off a good quarter and all major indexes settled on positive territory. SOFIX (858.29, +0.30%) underperformed the broad indexes as Chimimport (CHIM, BGN 0.725, -2.68%) and First Investment Bank (FIB, BGN 4.12, -0.96%) continued to weigh on the index. Significant price action was registered with names like Bulgarian Real Estate Fund (BREF, BGN 3.62, +3.43%), Albena (ALB, BGN 25.80, +3.20%), M+S Hydraulic (MSH, B...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 24 September - 27 September 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX lost 0.2% to settle at 855.75, while the broad ones BGBX40 (168.94, +0.4%) and BGTR30 (867.82, +0.1%) ended a notch higher. The advancers equaled the decliners in our list of selected companies 13-to-13, 3 remained neutral. Speedy (SPDY, BGN 210.00, +6.6%) was the top gainer in the list, followed by Neochim (NEOH, BGN 20.20, +5.2%) and Bulgarian stock exchange (BSE, BGN 8.15, +4.5%). SOFIX member First Invest...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 September 2024
There were some price actions in both directions in the beginning of the shorter trading week, though neither sellers nor buyers were convincing enough and the main indexes settled almost flat. The advancers led the decliners by 6-to-5 margin within SOFIX (854.96, -0.26%) but First Investment Bank (FIB, BGN 4.60, -3.77%) twisted once again and weighed on the main index. The daily activity came on a broad base as the turnover of Sopharma (SFA, BGN 5.96, 0.00%), Bulgarian Stock Exchange (BSE, BGN ...
- 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 - 18 September 2024
The BSE midterm downtrend continued on Tuesday, leaving the major indexes below the surface in range between 0.22% and 0.05%. Negative price action of First Investment Bank (FIB, BGN 4.78, -3.63%) provided weight for the benchmark index the most and SOFIX (857.89) underperformed all indexes by losing 0.22%. The daily volume improved on large-cap base by exceeding 16% the 3-months average line.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 2 September - 5 September 2024
The Bulgarian stock market continued the negative movement from the previous one, but remained relatively stable, while uncertainty and volatility returned to global financial markets. The local benchmark SOFIX retreated -0.2% to settle at 864.43 and the broad ones – BGBX40 (169.38, -0.5%), BGTR30 (867.42, -0.3%) performed a little bit worse. The weekly top performer within our list of selected companies was Trace Group Hold (T57, BGN 6.00, +12.1%), followed by Monbat (MONB, BGN 3.04, +6.3%) and...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 September 2024
The profit taking actions were driving Wednesday’s sell-offs on BSE, which settled the main indexes on negative territory in range between -0.80% and -0.96%. Shortly mentioned in previous sessions Central Cooperative Bank (CCB, BGN 1.65, -4.07%), M+S Hydraulic (MSH, BGN 9.40, -5.53%) and First Investment Bank (FIB, BGN 5.00, -3.85%) as daily gainers took the opposite direction and led the laggards in this trading session. Along with the upcoming celebrations of 139-years of Bulgarian Unification...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 August 2024
The Bulgarian equity market had a mixed disposition through the Thursday trading session. SOFIX (865.51, -0.05%) and BGBX40 (170.15, -0.04%) closed near their lows of the day, following sharp moves of M+S Hydraulic (MSH, BGN 9.35, -3.61%) and Alcomet (ALCM, BGN 6.35, -5.93%) on the negative side and Central Cooperative Bank (CCB, BGN 1.74, +2.35%) and Chimimport (CHIM, BGN 0.81, +4.52%) on the positive side. BGTR30 (872.13) advanced alone by 0.23% on narrow constitute base. The trading activity ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 August 2024
The Bulgarian equity market showed weakness on Wednesday, though the major indexes settled mixed, reflecting the gains in the real estate sector and the outsized impact of M+S Hydraulic’s (MSH, BGN 9.70, +7.78%) single trade. The selling pressure on both, Chimimport (CHIM, BGN 0.775, -3.13%) and First Investment Bank (FIB, BGN 5.05, -3.81%), continued in this trading day and left SOFIX (865.97, +0.13%) on a tick higher than previous session. Volume was still below-average within the benchmark, w...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 August 2024
Big bid/ask spreads were prerequisites for huge volatility and opposite moves of SOFIX (867.73, -0.40%) members, which drove the main index into the red zone on Tuesday. M+S Hydraulic (MSH, BGN 9.50, -4.52%), Sirma Group Holding (SGH, BGN 1.10, -1.79%) and Sopharma (SFA, BGN 5.94, -1.00%) weighted to the negative side, while Bulgarian Real Estate Fund (BREF, BGN 3.12, +4.70%), Agria (AGH, BGN 20.40, +2.00%) and Central Cooperative Bank (CCB, BGN 1.67, +1.83%) supported the main index. BGREIT 200...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 August 2024
The major indexes booked gains in the last day of the month as the positive bias was driven by the low volumes trades with large-cap names. SOFIX (867.27) rebounded from 50-day MA for consequent time in the last month led by First Investment Bank (FIB, BGN 4.92, +3.36%). BGBX40 (170.49, +0.42%) and BGTR30 (864.32, +0.37%) almost repeated the benchmark result despite Monbat (MONB, BGN 3.00, -2.60%) and Sopharma Trading (SFT, BGN 5.70, -2.56%), which settled with losses, despite the positive finan...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 July 2024
The Bulgarian equity market had a mixed showing on Tuesday in the middle of the earning news season but the declines prevailed at the end and all major indexes settled on negative territory. First Investment Bank (FIB, BGN 4.76, -2.06%) and Sirma Group (SGH, BGN 1.11, -2.63%) led the movers within SOFIX (863.24, -0.12%), while Bianor (BNR, BGN 6.15, -2.38%) weighed additionally on the broad indexes – BGBX40 (169.77, -0.16%) and BGTR30 (861.14, -0.30%). Half of the benchmark constituents booked t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 July - 26 July 2024
The Bulgarian stock market ended the week mixed, lacking investor interest in the middle of the summer and trying to digest the outgoing corporate earnings data for the first half of the year. The benchmark SOFIX retreated 0.3% to settle at 862.25, while the broader ones - BGBX40 (169.60, -0.1%), BGTR30 (863.45, +0.6%) performed in opposite directions. The weekly volume (-66.8%) showed weak performance while the turnover (+46.6%) was pushed up by intense trade with bonds and generally illiquid n...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 July 2024
The Bulgarian equity market started the week on a weak note with broad-based selling, which settled the main indexes in negative territory. SOFIX (860.82) declined 0.43% and finished just a tick above the 50-day average with First Investment Bank (FIB, BGN 4.48, -3.03%) and Bulgarian Estate Fund (BREF, BGN 2.60, +1.56%) on both sides of the movers’ list. The block trade with Eurohold (EUBG, BGN 1.50, +0.67%) impacted the daily statistics, and the turnover neared the 3-months average.
- 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 - 11 July 2024
Positive vibes from the banking sector and released financial results in tech-related names impacted the otherwise calm Bulgarian market on Tuesday. SOFIX (860.94) rebounded further and advanced 0.61%, following Central Cooperative Bank’s (CCB, BGN 1.62, +3.18%) and Shelly Group’s (SLYG, BGN 72.00, +1.98%) gains. The broad indexes BGBX40 (169.16, +0.35%) and BGTR30 (855.52, +0.22%) underperformed the benchmark as Eleven Capital (11C, BGN 18.00, -2.70%) and Bianor Holding (BNR, BGN 6.10, -3.17%) ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 July 2024
The Bulgarian equity market ended the session mixed and reflected on the main indexes in the same way on Tuesday. The broad index BGTR30 (853.67, +0.20%) outperformed as it gathered more of the daily gainers, like Agria Group (AGH, BGN 21.40, +7.00%) and M+S Hydraulic (MSH, BGN 10.00, +2.56%) though the lack of fresh news confused. SOFIX (849.29) and BGBX40 (167.93) settled lower by 0.05% and 0.10%, respectively, due to heavy Sopharma (SFA, BGN 5.90, -1.01%), Eleven Capital (11C, BGN 17.80, -2.7...
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