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 - 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
Morning Bulletin - 24 September 2024
The Bulgarian equity market showed some increased trading activity on broader base and the major indexes extended further their gains on Friday as BGREIT (204.38, -0.16%) alone settled on negative territory. First Investment Bank (FIB, BGN 4.78, +6.22%) was once again the story name in the space as the retail easily moved the price in both directions in the weakening order book. The block trades with M+S Hydraulic (MSH, BGN 9.25, -2.12%) impacted the daily turnover statistics, while the daily vo...
- 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 Bulleting - 2 September 2024
The Bulgarian equity market got off to a good start on Friday but some large cap names met selling pressure and the main indexes closed the week and the month mixed. SOFIX (864.77) declined by 0.09%, led by the losses of Central Cooperative Bank (CCB, BGN 1.70, -2.30%) and Shelly Group (SLYG, BGN 35.10, -1.13%) , while the broad indexes deepened even more as Eleven Capital (11C, BGN 16.80, -3.45%) and Stara Planina (SPH, GN 9.50, -3.06%) weighed additionally. Volumes, on the other hand, were low...
- 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
Weekly bulletin - 19 August - 23 August 2024
The Bulgarian stock market indexes closed the week flat on Friday, as the sector-focused BGREIT (199.94, +1.2%) was the only one with more solid gain, supported by the strong movement of Bulgarian Real Estate Fund (BREF, BGN 3.10, +6.9%). The benchmark SOFIX added 0.3% to settle at 869.29, reflecting the lack of fresh’ enthusiasm on the market. Nevertheless, the top gainers within our list of selected companies started with SOFIX members Chimimport (CHIM, BGN 0.75, +9.6%) and Bulgarian Stock Exc...
- 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 - 15 July - 19 July 2024
The Bulgarian stock market managed to end the week slightly higher on Friday, despite the slump of the world markets and the peaking summer season. The benchmark SOFIX remained almost flat, adding 0.1% to settle at 864.55, while the broad ones BGBX40 (169.84, +0.4%) and BGTR30 (858.34, +0.4%) advanced more. Telematic Interactive Bulgaria (TIB, BGN 16.00, +7.4%) and Speedy (SPDY, BGN 187.00, +6.9%) led the list of gainers within our list of selected companies, followed by the SOFIX member M+S Hyd...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 July 2024
The unsuccessful technical update that had a flaw in it and wreaked havoc around the globe gave little impact on the Bulgarian equity market what was otherwise underwhelming day, and all major indexes booked moderate losses. SOFIX (864.55) declined 0.56%, reflecting Shelly Group’s (SLYG, EUR 37.30, -2.86%) and Chimimport’s (CHIM, BGN 0.70, -3.45%) losses and totally erased the previous day's gains. The volumes slipped to a technical minimum, which reflected the record high temperature in Bulgari...
- 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 - 1 July 2024
SOFIX 847.68 (-0.16%) slightly retreated on Friday due to the drop of heavy Shelly (SLYG, BGN 69.80, -1.69%), Sirma Group Holding (SGH, BGN 1.00, -2.91%) and Sopharma (SFA, BGN 5.94, -0.34%). Support for the main index came from Bulgarian Stock Exchange (BSE, BGN 15.10, +2.03%), Advance Terrafund (ATER, BGN 3.23, +0.94%) and Bulgarian Real Estate Fund (BREF, BGN 2.52, +0.80%). Overall liquidity remained low; big bid/ask spreads were a prerequisite for huge volatility without significant daily vo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 June 2024
The overall activity in the Bulgarian equity market on Tuesday was weak, the decliners-advancers line was almost in equilibrium with lack of conviction from both sides and the major indexes settled flat. SOFIX (841.05, -0.01%) ended on a tick lower as M+S Hydraulic (MSH, BGN 10.00) stood out with 3.85% loss. The daily volumes were poor, though the trading activity with Sopharma (SFA, BGN 5.96, -0.33%) impacted the daily statistic and the turnover exceeded 5 times the 3-months average.
- 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
Morning Bulletin - 31 May 2024
The major indexes closed with losses, reflecting the moderate activity of retails on Tuesday. SOFIX (863.60) fell 0.35%, while the broad indexes BGBX40 (171.72) and BGTR30 (851.69) took some advantage from Bianor Holding’s (BNR, BGN 5.30, +6.00%) and Billboard’s (BBRD, BGN 0.48, +15.38%) gains and decreased by 0.20% and 0.13% respectively. The volumes remained moderate as the turnover reached 69% of its 3-month average, mainly reflecting the Eurohold (EUBG, BGN 1.58, +0.64%) trading.
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