reports
- 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 - 24 April 2024
The Bulgarian equity market had a volatile session on Tuesday and finally the major indexes settled in a range between -0.18% and +0.20%. 370K shares of First Investment Bank (FIB, BGN 2.78, +4.51%) were offered in early hours and attracted significant buying interest not only in the name as 6 out 15 names registered volumes much higher than the 3-months average – Doverie United Holding (DUH, BGN 8.22, -2.61%), Shelly Group (SLYG, BGN 68.00, 0.00%). The trading activity was concentrated on the b...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 March 2024
Green Thursday raised SOFIX to 788.42 (+0.56%). Heavy Sopharma (SFA, BGN 6.16, +2.67%) and Eurohold (EUBG, BGN 1.30, +0.78%) supported the main index and offset the drop of Chimimport (CHIM, BGN 0.706, -1.94%), Sopharma Trading (SFT, BGN 5.60, -1.75%) and First Investment Bank (FIB, BGN 2.80, -1.41%). After several negative trading sessions, M+S Hydraulic (MSH, BGN 10.80, +4.86%) recovered on Thursday. Daily gainer Monbat (MONB, BGN 3.78, +5.00%) jumped without significant daily volume and big b...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 December 2023
Thursday’s equity list of traded names was short with light volume and lack of interest despite the released financial data these days. If you were focused on SOFIX (746.23, +0.49%) you might took some advantage from the lower price of Sopharma (SFA, BGN 7.12, +0.28%) during the session (BGN 7.08 – lowest) and increased buying power of Shelly Group (SLYG, BGN 40.80, +0.49%). Significant part of the broad indexes members remained untraded and reflected on the daily turnover statistic.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 6 November - 10 November 2023
The Bulgarian stock market finished the last trading week on a negative note, continuing the drop from the previous one. The local benchmark SOFIX retreated -0.4% to settle at 742.21, while the broad ones - BGBX40 (156.39, -0.3%) and BGTR30 (782.53, +0.2%) finished in opposite directions. The weekly top performer within our list of selected companies were Monbat (MONB, BGN 4.22, +1.9%) and Speedy (SPDY, BGN 135.00, +1.5%), while Alcomet (ALCM, BGN 7.55, -6.9%), Korado (KGB, BGN 4.20, -3.2%) and ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 November 2023
The Bulgarian stock market ended on the positive side on Wednesday, as investors’ activity started to improve. The major indexes all closed with gains, ranging from 0.21% to 1.03% as SOFIX (752.78) added 1.03%, supported by Eurohold (EUBG, BGN 1.76, +9.32%), Neochim (NEOH, BGN 26.30, +0.77%) and Bulgarian Real Estate Fund (BREF, BGN 2.34, +2.63%). The daily turnover improved with liquidity coming mainly from the intense trade with Eurohold and Sopharma (SFA, BGN 7.18, -0.83%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 October 2023
The major indexes closed mixed on Friday as the results came from large cap names. SOFIX (747.05, +0.22%) closed near the session's high at the 50-day MA as First Investment Bank (FIB, BGN 2.60, +4.00%), Bulgarian Real Estate Fund (BREF, BGN 2.28, +3.64%) and Sopharma (SFA, BGN 7.18, +2.28%) gave strength to the benchmark index. The daily volumes slipped compared to weekly statistics and remained below the 15-day average.
- 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
Morning Bulletin - 31 July 2023
The stock market started Friday session on a weak note but followed the released news around notable stocks and ultimately ended mixed. SOFIX (679.54) gained 0.26% mainly led by Bulgarian Real Estate Fund (BREF, BGN 2.18, +4.81%) and Gradus (GR6, BGN 1.51, +2.72%), while the extended indexes BGBX40 (147.71, -0.12%) and BGTR30 (764.74, -0.26%) underperformed the benchmark by absorbing the losses of First Investment Bank (FIB, BGN 2.06, -3.74%), Synergon (SNRG, BGN 0.96, -4.95%) and Albena (ALB, B...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly Bulletin - 26 June - 30 June 2023
The Bulgarian equity market lost 0.5% on average last week as SOIFX (669.90) declined the most 1.3%, lowering the gain from the beginning of the year to 11.4% at the end of the second quarter. The advance-decline line favored advancers by 11-to-9 margin, but the negative moves were sharper for names like Alcomet (ALCM, BGN 7.90, -11.2%), M+S Hydraulic (MSH, BGN 10.00, -7.4%) and Eurohold Bulgaria (EUBG, BGN 1.74, -7.0%). On the positive side, Bulgarian Stock Exchange (BSE, BGN 9.80, +4.3% YoY) l...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 June 2023
It was a volatile session as more aggressive sellers took actions for names like Eurohold (EUBG, BGN 1.75, -6.42%), Chimimport (CHIM, BGN 0.716, -2.19%) and Zarneni hrani (ZHBG, BGN 0.124, -10.79%), while some buy back procedures balanced on the opposite side – Sirma Group (SGH, BGN 0.70, +6.06%) and Gradus (GR6, BGN 1.50, +3.45%), resulting in a mixed outcome for major indexes on Tuesday. SOFIX (670.14) declined 0.82% as the decliners prevailed over advancers by 6-to-5 margin, while the broad i...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 June 2023
The Bulgarian stock market closed out this last day on the month on a mixed note despite that the major indexes finished on the positive side led by a few names like Sopharma Trading (SFT, BGN 6.00, +2.56%), Sirma Group (SGH, BGN 0.665, +3.10%) and M+S Hydraulic (MSH, BGN 10.10, +5.21%). The widened Bid/Ask spreads of Doverie (DUH, BGN 8.58, -2.50%) Industrial Holding Bulgaria (IHB, BGN 1.78, -2.73%) and Sofia Commerce-Pawn Brokerage (SCOM, BGN 2.98, -3.87%) caused significant volatility with lo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 May 2023
Significant opposite moves of index members fixed SOFIX 635.39 (+0.96%) positive on Monday. Eurohold (EUBG, BGN 1.64, +5.81%), Neochim (NEOH, BGN 38.90, +2.10%) and BSE (BSE, BGN 8.70, +1.40%) led the gainers while speculative trades with Gradus (GR6, BGN 1.44, -4.00%), Chimimport (CHIM, BGN 0.71, -1.39%) and Monbat (MONB, BGN 4.30, -1.38%) weighed on the index. BGBX40 143.68 (+0.56%) and BGTR30 732.31 (+0.16%) gained altitude on the ground of moderate liquidity. BGREIT 189.74 (-0.12%) slightly ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 15 May 2023
The Bulgarian stock market started Friday on a more upbeat note but finally the indexes ended mixed. SOFIX (629.36) retreated from session high, which closed the March levels earlier on a day and slipped by 0.33% at the end. The buyers of First Investment Bank (FIB, BGN 2.06, -4.63%), Neochim (NEOH, BGN 38.10, -2.31%) and Sopharma (SFA, BGN 5.82, -2.02%) stepped away and the accumulated gains from previous session were almost erased in widen Bid/Ask spreads. The proposed vote for DPS of BGN 1.00...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 27 March - 31 March 2023
The Bulgarian stock market showed some good optimism last week as stabilized sentiment and increased investors’ confidence pushed the main indexes higher. The local benchmark SOFIX added 1.6% to settle at 610.79 and the broad ones- BGBX40 (140.23) and BGTR30 (723.66) performed similarly, gaining 1.2% on a weekly base. Both weekly volume and turnover showed great improvement, exceeding the YTD average by 186.1% and 33.3% respectively, mainly due to block trades with generally illiquid names. ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 March 2023
Tuesday’s session price action occurred in a relatively tight trading range with below average volume as exception were few block trades with generally illiquid name like Fazerles (FZLS, BGN 18.60, -0.53%), Balkan and Sea Properties (BSP, BGN 21.20, 0.00%) and Velgraf Asset Management (VAM, BGN 4.56, +0.89%). The main indices closed with modest declines at their lowest levels for the day as SOFIX (601.64) lost the most 0.55%, mainly reflecting the Eurohold’s (EUBG, BGN 1.40, -3.45%) decline. Dro...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 March - 17 March 2023
The pressure on the banking sector was front and centre last week, taking the global markets on a roller-coaster ride with emerging concerns about the future impact of the US banks failures and the continuing problems with Credit Suisse in Europe. Bulgarian stock market followed the negative investor`s sentiment and ended the week lower. The local benchmark SOFIX decreased by 4.1% to settle at 606.59, followed by the broad BGBX40 (139.99) and BGTR30 (722.43) with 2.6% and 2.0% drop respectively....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 March 2023
Selling interest in financials resurfaced driven by the world markets worries about banks future and the local banks, represented by First Investment Bank (FIB, BGN 2.12, -3.64%) and Central Cooperative Bank (CCB, BGN 1.55, -1.90%) weighed on the main indexes the most. SOFIX (621.93) declined 0.88% and totally erased previous day gain, nearing its major MA. The volumes steadily moved above its 15-day average as the main liquidity continued to come from names included in the rebalancing of the be...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 March 2023
SOFIX 622.05 (-1.08%) dropped on Wednesday after the rapid South moves of several heavy index members. M+S Hydraulic (MSH, BGN 9.20, -5.64%), Sirma Group (SGH, BGN 0.65, -3.70%), Sopharma (SFA, BGN 5.05, -2.88%) and Eurohold (EUBG, BGN 1.70, -1.16%) weighed on the main index. Elana Agrocredit (EAC, BGN 1.03, +1.98%) and Telelink (TBS, BGN 10.15, +3.36%) advanced on the ground of speculative trade. Bulgarian Stock Exchange (BSE, BGN 8.15, -6.86%) and Albena (ALB, BGN 26.80, -2.19%) slumped after ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 06 February - 10 February 2023
The Bulgarian stock indexes advanced modestly last week, despite of the fact that some uncertainty and volatility returned to global financial markets. The leading index SOFIX increased by 0.6% to settle at 614.80. The broad BGBX40 (141.82, +0.4) followed the benchmark, while BGTR30 (-0.1%) and BGREIT(+0.1%) remained almost unchanged to close at 739.19 and 187.47 on Friday respectively. Losers outnumbered gainers in our list of selected companies by 14 to 10, as the top performers were Allterco ...
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