reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 October 2024
For a second consecutive trading day SOFIX (838.02, -0.57%) lost altitude under the selling pressure on most heavy members. First Investment Bank (FIB, BGN 3.48, -7.45%), Agria (AGH, BGN 19.20, -2.04%) and Elana Agrocredit (EAC, BGN 1.06, -1.85%) weighed on the main index. Sirma Group Holding (SGH, BGN 1.05, -0.94%) and Shelly (SLYG, EUR 32.90, -0.60%) confirmed their negative trend from the last weeks and huge selling pressure lowered both names on Tuesday.
- 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 - 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 - 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
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.
- 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. ...
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