reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 July 2024
The Bulgarian equity market ended the session mixed and reflected on the main indexes in the same way on Tuesday. The broad index BGTR30 (853.67, +0.20%) outperformed as it gathered more of the daily gainers, like Agria Group (AGH, BGN 21.40, +7.00%) and M+S Hydraulic (MSH, BGN 10.00, +2.56%) though the lack of fresh news confused. SOFIX (849.29) and BGBX40 (167.93) settled lower by 0.05% and 0.10%, respectively, due to heavy Sopharma (SFA, BGN 5.90, -1.01%), Eleven Capital (11C, BGN 17.80, -2.7...
- 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 - 21 June 2024
The trading activity weakened on Thursday and the major indexes remained flat in a range between 0.06% and 0.16%. SOFIX (851.93) advanced 0.06% as some heavy-weighted names like Shelly Group (SLYG, BGN 69.60, +0.87%) and Advance Terrafund (ATER, BGN 3.18, +0.95%) impacted the index performance, though the volumes were poor. The turnover was 26% from the 3-months average and reconfirmed the luck of investment interest for this period of the year.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 June 2024
The major indexes saw some choppy actions on the Bulgarian equity market on Friday, which turn to be the last day of the month as the widened Bid/Ask spreads allowed retail to dictate the moves. The bank sector, represented by First Investment Bank (FIB, BGN 4.56, +4.11%) and Central Cooperative Bank (CCB, BGN 1.67, +2.45%), once again led the gainers in this session, while the fluid power manufacturer M+S Hydraulic (MSH, BGN 11.20, +5.66%) big upside move was another support factor. Eurohold (E...
- 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
Weekly bulletin - 20 May - 23 May 2024
The Bulgarian stock market kept its positive momentum from the recent weeks and managed to end the last one on the green side as investors remained active in some particular positions like Shelly Group (SLYG, BGN 74.80, +3.8%). At the close in Sofia the benchmark SOFIX added 1.2% to settle at 866.45, while the broad ones BGBX40 (172.29, 0.7%) and BGTR30 (859.84, +0.2%) showed more modest increase. The advancers outnumbered the decliners in our list of selected companies by 11-to-10 as the top pe...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 May 2024
The Bulgarian equity market finished strong on Tuesday, leaving the major indexes at fresh 15-years high. SOFIX (871.29) saw a 0.96% gain, continuing its recent performance, while BGTR30 (867.48) and BGBX40 (172.93) surged by 0.82% and 0.59%, respectively. The financial sector finished as a leader once again as evidenced by the positive bias in market breath, mainly reflecting the reaction of the retail on the released news of First Investment Bank (FIB, BGN 4.84, +9.01%) before the session from...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 May 2024
SOFIX (863.01, +0.82%) logged another 15-years record high supported by the financial sector on Monday. The broad indexes BGBX40 (171.92, +0.47%) and BGTR30 (860.42, +0.31%) underperformed under the weight of the losses of Eleven Capital (11C, BGN 18.40, -2.65%) and Monbat (MONB, BGN 3.10, -2.52%), while First Investment Bank (FIB, BGN 4.44, +1.83%) slipped to BGN 4.04 on the opening bell but at late hours new buying power changed the final outcome. The volumes slipped much lower than the 15-day...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 May - 17 May 2024
The enthusiasm on the Bulgarian market continued during the past week, as all major indexes advanced and investors kept the positive sentiment in some particular positions. The local benchmark SOFIX added 2.1% to settle at 855.96 – new 15-years record high, reflecting good performance of some of the index members like members First Investment Bank (FIB, BGN 4.36, +12.4%) and Agria Group Holding (AGH, BGN 23.00, +12.7%). Other major indexes also finished on the positive side, on the ground of mod...
- 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
Weekly bulletin - 7 May - 10 May 2024
The local stock market gained steam last week and ended on a positive note, as investors kept the positive sentiment in some particular positions and supported the indexes. The local benchmark SOFIX added 3.0% to settle at 837.99, , reflecting the impressive performance of the index members First Investment Bank (FIB, BGN 3.88, +25.2%), Sirma Group Holding (SGH, BGN 0.83, +13.8%) and Chimimport (CHIM, BGN 0.76, +11.9%), that formed the top three in our list of selected companies. A total of 20 o...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 May 2024
The Bulgarian equity market ticked higher on Friday with major indexes rewriting the record highs they posted previous day. SOFIX (837.99) settled 0.61% higher as the positive sentiment seized more names on broad base, like Agria Group (AGH, BGN 20.40, +3.82%), Albena (ALB, BGN 26.80, +3.08%) and Neochim (NEOH, BGN 19.80, +7.03%). First Investment Bank (FIB, +6.01%) touched BGN 4.04 level but lately retreated to BGN 3.88 while remaining the daily mover within the benchmark. The volumes slipped s...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 April - 26 April 2024
All major indexes advanced modestly last week with the exception of BGREIT (190.47, -0.5%), as investors remained focused on the continuing release of the Q1 financial reports. The local benchmark SOFIX added 1.6% to close at 818.59, reflecting the excellent performance of index members like First Investment Bank (FIB, BGN 3.08, +20.3%) and M+S Hydraulic (MSH, BGN 11.90, +10.2%). A total of 12 out of 29 names in our universe finished on green territory, 10 weighted on the red side, 7 remained un...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 April 2024
The Bulgarian equity market declined on the first day of the abrupt short week as all major indexes settled in range between negative 0.60% and negative 0.33%. The equites quickly moved lower facing the profit taking retail in First Investment Bank (FIB, BGN 2.90, -5.84%), Sirma Group (SGH, BGN 0.725, -2.68%) and Neochim (NEOH, BGN 18.80, -3.59%). The downside was short-lived as the participants were limited, which reflected in low volumes and only half of the 3-months average turnover.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 April 2024
A downbeat trading session on BSE on Thursday as the buying interest weakened and the inventors switched to wait and see mode. The major indexes booked some losses in a range between -0.21% and -0.12% with very poor activity on both sides, which was benchmark based. The names that led the downside in this session were Agria Group (AGH, BGN 18.95, -3.32%), Chimimport (CHIM, BGN 0.68, -2.16%) and First Investment Bank (FIB, BGN 2.84, -2.07%), while Bulgarian Stock Exchange (BSE, BGN 15.50, +2.65%)...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 15 April - 19 April 2024
Bulgarian stock indexes ended last week on a negative note, after the tone in global markets seems to have shifted with continuing uncertainty and volatility. The leading local index SOFIX lost 0.5% to close at 805.96, as extended indexes BGBX40 (164.27) and BGTR30 (809.49) declined by -0.5% and -0.8% respectively, repeating benchmark presentation. The weekly top performer within our list of selected companies was the industrial Alcomet (ALCM, BGN 7.0, +7.7%), followed by Speedy (SPDY, BGN 165...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 April 2024
The Bulgarian equity market met the opposite volatile moves of Monday’s session compared to Friday’s as Chimimport (CHIM, BGN 0.68, -2.86%) and Central Cooperative Bank (CCB, BGN 1.49, -3.25%) erased the gains from previous session, while Zlaten Lev Holding (HLEV, BGN 4.30, +19.44%) and M+S Hydraulic (MSH, BGN 11.10, +2.78%) recovered with the same percentages. The major indexes rebounded, reflecting the continues reactions from positive news of Bulgarian-American Bank’s (BACB, BGN 11.70, +3.54%...
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