reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 April 2026
Wednesday’s session was marked by heightened volatility, with trading occurring across widened bid-ask spreads and volumes falling below the 3-month average. Shelly Group (SLYG, EUR 52.20, +3.16%) and Wiser Technology (WISR, EUR 2.16, +2.86%) provided support to SOFIX (1 220.42, +0.02%), which managed to close marginally in positive territory. On the downside, Central Cooperative Bank (CCB, EUR 1.71, -4.47%), Elana Agrocredit (EAC, EUR 0.53, -2.75%), and First Investment Bank (FIB, EUR 3.10, -2....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 April 2026
The Bulgarian equity market staged a modest rebound on the final trading day of the month, as a broad set of participants locked in gains. Central Cooperative Bank (CCB, EUR 1.79, +4.68%), Elana Agrocredit (EAC, EUR 0.545, +4.81%) and Neochim (NEOH, EUR 15.70, +4.67%) featured prominently among the session’s top gainers. The main indices moved higher in tandem, with SOFIX (1 220.14) and BGTR30 (1 034.34) adding 0.56%, followed closely by BGBX40 (210.93, +0.55%) and BGREIT (226.18, +0.48%). Turno...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 March 2026
Enormous opposite moves of index members lowered SOFIX to 1 213.31 (-0.21%) on Monday. The selling pressure weighed on Central Cooperative Bank (CCB, EUR 1.71, -2.29%) and Shelly (SLYG, EUR 49.80, -1.58%) while Wiser (WISR, EUR 2.10, -4.55%), Chimimport (CHIM, EUR 0.438, -2.23%) and Sopharma (SFA, EUR 1.75, -1.41%) lost altitude without significant daily volume. Sirma Group Holding (SGH, EUR 0.96, +6.67%), Doverie United Holding (DUH, EUR 5.90, +1.72%) and First Investment Bank (FIB, EUR 3.14, +...
- Veselin Radoychev Please Change Surname
Bulgaria Banking System Overview 2025
STRONG LENDING AND DEPOSIT GROWTH OFFSET BY MARGIN PRESSURE AND WEAKER SECURITIES GAINS Profitability: The banking sector reported net income of BGN 3.6bn in 2025, down 1.8% YoY from the record 2024 level. Net interest income grew modestly by 1.3%, as portfolio expansion was largely offset by higher funding costs. Non-interest income supported profitability, with FX gains rising by BGN 283.3m and net fees and commissions income up by BGN 163.7m, though these were largely offset by a 73.4% Yo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 March 2026
SOFIX (1 203.76, -0.65%) closed negative as Wiser (WISR, EUR 2.10, +3.96%) was the only index members in the green zone on Tuesday. Shelly (SLYG, EUR 50.20, -3.46%) suffered from huge selling pressure while Elana Agrocredit (EAC, EUR 0.535, -1.83%), Sirma Group Holding (SIRM, EUR 0.90, -1.10%) and Advance Terrafund (ATER, EUR 1.35, -0.74%) lost altitude without significant daily volume. BGBX40 (207.06, -0.53%) slipped reflecting the drop of Gradus (GR6, EUR 0.50, -9.09%) and Eleven Capital (11C,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 March - 20 March 2026
The Bulgarian stock market continued its downward trajectory over the past week, with all major indices closing firmly in negative territory. The benchmark SOFIX index declined by 3.2%, ending the week at 1 210.32 points. Broader indices followed a similar trend: the BGBX40 fell by 2.6% to 208.17 points, while the equally weighted BGTR30 index dropped 2.2%, finishing at 1 025.31 points. The sector-specific BGREIT index proved relatively more resilient, slipping by a modest 1.4% to 226.68 points....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 March 2026
Quite opposite move of SOFIX (1 210.32, 0.00%) members fixed the main index unchanged on Friday. The jump of Sirma Group Holding (SIRM, EUR 0.915, +3.39%), First Investment Bank (FIB, EUR 3.16, +2.27%) and Sopharma (SFA, EUR 1.715, +2.08%) fully offset the drop of Eurohold (EUBG, EUR 1.03, -6.36%) and Wiser (WISR, EUR, 2.10, -1.87%). The trading session was highlighted by the transfer of 100.8m shares of Gradus (GR6, EUR 0.55, +27.91%) representing 40.9% of the company. BGBX40 (208.17, +0.46%) c...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 March 2026
Bloody red start of the week fixed all local indexes in the red zone on Monday. SOFIX (1 213.38, -1.47%) dropped the most, followed by BGBX40 (207.96, -1.34%), BGTR30 (1 032.06, -0.72%) and BGREIT (227.20, -0.16%) Huge selling pressure weighted on daily losers Shelly (SLYG, EUR 50.80, -9.29%), First Investment Bank (FIB, EUR 3.10, -4.02%), Sirma Group Holding (SIRM, EUR 0.95, -4.04%) and Chimimport (CHIM, EUR 0.444, -3.06%). Wiser (WISR, EUR 2.30, +3.60%) and Central Cooperative Bank (CCB, EUR 1...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 March 2026
The Bulgarian equity market experienced heightened volatility during the first trading session of the shortened week surrounding Liberation Day of Bulgaria. Investor sentiment was mixed as market participants reacted to escalating geopolitical tensions related to Iran and the broader implications of the conflict. Aggressive selling pressure emerged in names such as Wiser Technology (WISR, EUR 2.40, -4.00%), Eurohold Bulgaria (EUBG, EUR 1.06, -3.64%), and Shelly Group (SLYG, EUR 57.80, -2.36%). A...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 March 2026
The equities market reflected the prevailing weekly sentiment, with Friday’s session extending losses across the main indices in a range between 0.37% and 0.67%. The day’s laggards - Sirma Group Holding (SIRM, EUR 1.14, -8.06%), Chimimport (CHIM, EUR 0.436, -4.80%), First Investment Bank (FIB, EUR 3.38, -2.87%) and Wiser Technology (WISR, EUR 2.50, -2.34%) - weighed on SOFIX, which declined by 0.50% to 1 303.59 points, as the latest financial disclosures failed to trigger a positive market react...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 February 2026
The major averages finished mostly lower on Thursday, weighed down by the continued momentum of this week’s sell-off. Sirma Group (SIRM, EUR 1.24, -3.88%) led the declines within the benchmark, while on a broader market basis M+S Hydraulic (MSH, EUR 5.10, -3.77%) and Eleven Capital (11C, EUR 8.60, -2.82%) also featured among the session’s laggards, as aggressive sell orders dominated trading in these names. Trading volumes continued to contract, reflecting investors’ cautious stance amid ongoing...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 February 2026
The Bulgarian equity market experienced notable intraday volatility in the final trading session of the week, driven by low-volume price swings across a broad range of stocks. Despite these fluctuations, the major indices finished largely unchanged, leaving week-to-date performance broadly flat. SOFIX (1 353.00) closed at the same level as gains in Central Cooperative Bank (CCB, EUR 1.88, +3.30%) and Chimimport (CHIM, EUR 0.49, +4.26%) fully offset declines in Doverie (DUH, EUR 6.90, -2.54%), Fi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 February 2026
Wednesday’s session was marked by heightened volatility and mixed price action, ultimately resulting in losses across all major BSE indices. Weakness in Bulgarian Real Estate Fund (BREF, EUR 2.64, -2.22%) and Eurohold (EUBG, EUR 1.08, -2.70%) weighed on the benchmarks, pushing SOFIX (1 356.08, -0.80%) and BGREIT (230.01, -1.32%) to the bottom of the index performance table. Selective buying interest nevertheless emerged in a few names. Neochim (NEOH, EUR 12.50, +13.64%) registered an upward move...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 February 2026
Bloody start of the week fixed SOFIX at 1 354.78 (-1.46%). Chimimport (CHIM, EUR 0.51, -10.53%) and First Investment Bank (FIB, EUR 3.42, -7.07%) slumped with insignificant daily volume while Doverie United Holding (DUH, EUR 6.88, -3.64%) dropped under a moderate selling pressure on Monday. Sirma Group Holding (SGH, EUR 1.24, -3.88%) disappointed investors with poor Q4’25 financial performance and the IT holding lost altitude with small daily turnover. Sopharma Trading (SFT, EUR 3.84, -4.00%) an...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 February 2026
It appeared that the fresh 18-year highs reached in recent sessions attracted increased profit-taking, as the Bulgarian equity market came under selling pressure on Friday, echoing the cautious sentiment from global markets. SOFIX (1 374.91, -0.76%) closed lower, weighed down by declines in Shelly Group (SLYG, EUR 68.00, -2.30%) and First Investment Bank (FIB, EUR 3.68, -2.13%), despite the absence of any negative surprises in the latest financial disclosures. On a broader base, Eleven Capital (...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 January 2026
The positive sentiment on the Bulgarian Stock Exchange weakened on Thursday, pushing all major indexes into negative territory, with SOFIX (1 385.46, -1.40%) recording the steepest decline. Doverie (DUH, EUR 7.10, -8.51%) came under pronounced selling pressure, followed by Smart Organic (SO, EUR 17.20, -3.37%), Central Cooperative Bank (CCB, EUR 1.84, -3.16%), and Chimimport (CHIM, EUR 0.58, -3.33%), though trading volumes across these names remained subdued. A sharp advance in Sopharma Trading ...
- Veselin Radoychev Please Change Surname
Bulgaria Outlook 2026
Global macroeconomic and geopolitical challenges weighed on the Bulgarian economy over the past year, primarily through weaker external trade dynamics. Despite this, economic growth remained solid. Real GDP expanded by 2.8% in Q1, 3.5% in Q2, and 3.0% in Q3, supported almost entirely by strong domestic demand. Several factors underpinned this robust consumption growth with the most important being the growth of compensation and the euro transition effect. For 2026 the projections by major i...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 January 2026
Broad increase of index members lifted SOFIX (1 323.06, +4.42%) to an 18-year high. Sirma Group Holding (SGH, EUR 1.30, +17.12%) and Chimimport (CHIM, EUR 0.44, +15.79%) led daily gainers with higher daily turnover while Sopharma (SFA, EUR 1.785, +7.21%), Eurohold (EUBG, EUR 1.09, +7.92%) and Central Cooperative Bank (CCB, EUR 1.00, +5.26%) jumped without significant daily volume. Positive sentiment raised all other indexes and BGBX40 (224.48, +3.32%) and BGTR30 (1 064.12, +2.24%) closed green o...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 December 2025
Monday marked the final trading session of the year with BGN as the settlement currency. All major indexes closed in positive territory with solid gains, led by the broad BGBX40 (203.81, +0.98%). Sofia Commerce (SCOM, BGN 5.70, +11.76%), Speedy (SPDY, BGN 192.00, +6.67%), and Bravo Properties (BPF, BGN 1.03, +5.10%) topped the gainers’ list, although advances were achieved on low volumes and within widened bid/ask spreads. Investor focus remained on Sirma Group (SGH, BGN 1.89, +1.61%), which con...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 December 2025
The final session of the last full trading week before year-end closed on a positive note for the Bulgarian equity market, reflecting the constructive sentiment observed in recent days. Chimimport (CHIM, BGN 0.745, +2.76%) and Sirma Group (SGH, BGN 1.86, +6.29%) contributed the most to SOFIX (1 148.45, +0.45%), which rewrote its 18-year high. Meanwhile, light-volume trades with Albena (ALB, BGN 27.60, +5.34%) and Gradus (GR6, BGN 1.09, +9.00%) drove the outperformance of the broader BGBX40 (201....
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.