reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 30 June - 4 July 2025
The Bulgarian stock market edged slightly lower last week, as investor activity did not improve and there was no clear point for the market during ongoing summer season. The benchmark SOFIX retreated 0.2% to settle at 1023.43, as the broad ones- BGBX40 (188.48, -0.2%) and BGTR30 (938.83, -0.3%) performed the same. The weekly volume (-68.5%) showed weak performance, while the turnover (+50.7%) was pushed up by intense trade with bonds and some particular positions. The top gainers within our list...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 July 2025
The Bulgarian equity market finished on a weak note on Thursday as trading activity remaining narrowly ranged with lower volumes. The main indexes ended in negative territory with declines ranging from -0.30% to -0.48%. BGTREIT (227.19, +0.33%) performed differently, supported by the advance of the Bulgarian Real Estate Fund (BREF, BGN 5.05, +1.41%). Wiser Technologies (WISR, BGN 5.10, -4.67%), Smart Organic (SO, BGN 32.00, -3.61%) and Agria Group (AGH, BGN 20.00, -3.85%) topped the laggards lis...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 July 2025
Yesterday was the first trading day of the third quarter, and it was dominated by a narrow range of large-cap names. The tech sector – represented by Wiser Technologies (WISR, BGN 5.15, -3.74%), Sirma Group (SGH, BGN 1.40, -2.78%), and Shelly (SLYG, EUR 47.60, -0.63%) – took a step back during the session, dragging SOFIX (1019.96) down by 0.51%. A small trade in Speedy (SPDY, BGN 202.00), amid a widened order book, registered an 8.02% gain for the courier company and helped push the broader inde...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 23 June - 27 June 2025
Green color and huge weekly turnover set SOFIX at 1025.22 (+1.8%) – level we haven’t seen since September 2008. Weekly turnover tripled and reached BGN 44m., compared to the average one YTD of BGN 15.6m. Main distributors for the increased volume were Doverie Unted Holding’s buy-back and Sopharma’s sales of its treasury shares. The week was highlighted also by the first IPO this year of Green Innovation which raised almost BGN 8m. on Tuesday.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 June 2025
The real estate sector led Thursday’s gains on the local stock exchange with Advance Terrafund (ATER, BGN 2.95, +2.08%) and Bulgarian Real Estate Fund (BREF, BGN 4.94, +2.07%) acting as key drivers. Their performance supported broad-based growth across all major indexes, which closed higher in a range between 0.46% and 1.35%. SOFIX added 0.53% to reach 1 013.89 points, supported by gains in Shelly Group (SLYG, EUR 49.40, +0.61%). Meanwhile, the broader indexes also advanced: BGBX40 rose 0.46% to...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 June 2025
The Bulgarian equity market saw some sharp moves in the first day of the week but finally the main indexes finished with losses as the exception was BGREIT (220.53, +0.21%) supported by Advance Terrafund (ATER, BGN 2.83, +1.07%). The tech sector, represented by Shelly (SLYG, EUR 49.10, -2.19%), Wiser Technologies (WISR, BGN 5.25, -2.78%) and Sirma Group (SGH, BGN 1.37, -1.44%) met some profit taking action from the retail. The daily volumes barely reached 60% of the 3-months average though the t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 June - 20 June 2025
The Bulgarian stock market did not manage to find support during the past week and indexes finished the week mainly on the red side, as the benchmark SOFIX (1007.57, +0.1%) was the only one in green. Three index members – Shelly Group (SLYG, EUR 50.20, +5.7%), Wiser (WISR, BGN 5.40, +1.9%) and Sopharma Trading (SFT, BGN 5.80, +0.9%) were on the top of the gainers within our list of selected securities. On the other side, Speedy (SPDY, BGN 190.00, -5.0%) and Alcomet (ALCM, BGN 5.95, -4.8%) lost t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 June 2025
Poor trading activity marked the first trading day of the week. The major indexes trended lower from the opening bell as the decliners led the advancers in roughly 4-to-3 margin. Telematic Interactive (TIB, BGN 22.60, +4.63%) and Sirma Group (SGH, BGN 1.44, +1.41%) led the gainers in this trading session, while Bulgarian Stock Exchange (BSE, BGN 9.30, -2.11%) and Speedy (SPDY, BGN 190.00, -5.00%) ended on the opposite side. The daily volumes slipped significantly below the 15-day average as the ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 9 June - 13 June 2025
The main indexes on the BSE retreated last week with the exception of BGREIT (221.17; +0.6% WoW). The blue-chip SOFIX (1006.98) lost 0.6%, while the wider BGBX40 lost the most (187.06; -0.7% WoW). The top gainer within our universe was Bulgarian Real Estate Fund (BREF, BGN 4.88, +4.7%), while Shelly Group (SLYG, EUR 47.5, -4.8%) and Telematic Interactive Bulgaria (TIB, BGN 21.60, -4.4%) lost the most. Both the volumes (+123.1% YtD) and the weekly turnover (+156.2% YtD) were well above their YtD ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 10 June 2025
The Bulgarian equity market began the week on slightly lower note with mixed outcomes for the main indexes. The broad BGTR30 (937.77) alone booked 0.07% gain, while SOFIX (1 008.93, -0.39%) and BGBX40 (188.03, -0.19%) registered modest losses. Despite the tech sector, represented by Sirma Group (SGH, BGN 1.50, +4.90%) and Wiser Technologies (WISR, BGN 5.45, +3.81%), and the food manufacturer Smart Organic (SO, BGN 32.80, +0.61%) all other benchmark members ended on the negative side as Sopharma ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 June 2025
SOFIX (999.39, +0.58%) closed a few ticks away from the psychological level of 1000, something we haven’t witnessed since 2008. The excellent Q1 financial results raised Doverie United Holding (DUH, BGN 9.00, +3.45%) while Sirma Group Holding (SGH, BGN 1.46, +2.10%) jumped on the back of buy-back buying power. Ex-dividend date weighed on Advance Terrafund (ATER, BGN 2.92, -2.01%) while Smart Organic (SO, BGN 31.20, -2.50%) and First Investment Bank (FIB, BGN 5.10, -1.54%) suffered from small spe...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 May - 23 May 2025
The Bulgarian stocks marked a positive week, while the global markets suffered pullbacks and volatility, as new threats were tapping the brakes on investor optimism. The local benchmark SOFIX added 2.6% to settle at 981.32 and the broader BGBX40 (183.32, +1.7%) and BGTR30 (922.11, +2.6%) moved similar. Three SOFIX members were the top gainers in our list of selected securities – the technology blue chips Sirma Group Holding (SGH, BGN 1.43, +19.2%) and Wiser Technologies (WISR, BGN 5.35, +7.4%) a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 May 2025
The Bulgarian equity market had another strong showing on Wednesday and continued its upside trend, building on recent gains. The major indexes endured significant positive actions on broad base and advanced in range between 0.31% and 1.21%. The upside bias was supported by large cap names - First Investment Bank (FIB, BGN 5.24, +4.80%), Smart Organic (SO, BGN 33.80, +2.42%), Doverie (DUH, BGN 8.50, +2.66%) as Sirma Group (SGH, BGN 1.43, +13.49%) stepped in front of this list after a significant...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 May 2025
The major indexes closed near session highs on Wednesday, reflecting the continuous buying interest in Bulgarian Stock Exchange (BSE, BGN 8.60, +3.61%), Sirma Group (SGH, BGN 1.26, +4.13%) and Smart Organic (SO, BGN 33.00, +3.13%). First Investment Bank (FIB, BGN 5.00) attracted more investors after the announcement of additional items to be voted on the GSM and led the gainers with 13.64% advance, revealing the investors optimism about some key phrases in the proposal. Doverie (DUH, BGN 8.28, -...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 May 2025
The Bulgarian equities climbed in the first day of the week and returned to the positive trend with moderate widely based trading activity. All major indexes closed with gains in range between 0.06% and 0.33% as BGBX40 (180.91) ended on the top of the list. The buying interest in Bulgarian Stock Exchange (BSE, BGN 8.30, +2.47%) after the announcement of the shareholders agenda and Shelly Group (SLYG, EUR 43.50, +1.64%) attracted more investors in names like Neochim (NEOH, BGN 23.20, +2.65%), Ele...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 12 May - 16 May 2025
The local stock market gained some steam last week and ended on a positive note, ranging from 0.8% to 3.2%. The benchmark SOFIX added 3.2% to settle at 956.86, strongly supported by the renewed buying interest in high-tech blue chip Shelly Group (SLYG, EUR 42.80, +17.3%). The share became the weekly top gainer within our list of selected companies, followed by the less interesting Industrial Capital Holding (HIKA, BGN 2.56, +4.9%) and Monbat (MONB, BGN 2.60, +4.0%). On the other side, Speedy (SP...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 May 2025
Key names like First Investment Bank (FIB, BGN 4.37, -5.41%), Doverie (DUH, BGN 8.62, -2.27%) and Chimimport (CHIM, BGN 0.695, -2.11%) met some selling pressure on Friday and influenced the daily outcome of the major indexes. SOFIX (956.86) slipped the most, interrupting 9-session winning trend with 0.49% loss, while BGBX40 (180.32, -0.25%) and BGTR30 (898.68, -0.44%) partly balanced with the positive price actions of Eleven Capital (11C, BGN 14.80, +8.03%) and Bulgarian Stock Exchange (BSE, BGN...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 5 May - 9 May 2025
The Bulgarian stock market finished the last week on an upbeat mode as world markets continued to recover from the sharp pullback during the last months. The positive sentiment pushed the benchmark SOFIX up with 3.7% to settle at 927.04, while all other major indexes closed in green, ranging from 2.8% to 0.1%. The news about starting the procedure for dual listing of Sirma Group Holding (SGH, BGN 1.21, +11.0%) put the company on the top of the gainers in our list of selected securities, followed...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 May 2025
The Bulgarian equity market continued to surprise the investors with gains on a broad base in the last trading day on the week. SOFIX (927.04, +1.24%) recorded new 18-years high following the advance of the financial sector, represented by First Investment Bank (FIB, BGN 4.50, +3.69%), Central Cooperative Bank (CCB, BGN 1.57, +1.29%) and Chimimport (CHIM, BGN 0.72, +2.13%), though there was lack of news around the names and the buying interest was more spontaneous. BGBX40 (176.26, +0.77%) and BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 May 2025
The Bulgarian stocks ended the week with no clear direction, as the leading local benchmark SOFIX lost 0.14% to close at 885.75. Trades with Advance Terrafund (ATER, BGN 3.02, -0.66%) formed more than half of SOFIX turnover, which pushed it above the 3-month average numbers. The top daily gainers within the benchmark were Doverie United Holding (DUH, BGN 8.24, +2.74 %), Bulgarian Stock Exchange (BSE, BGN 7.85, +2.61%) and Chimimport (CHIM, BGN 0.705, +2.17%). The high-tech blue chip Shelly Group...
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