reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 September - 20 September 2024
The Bulgarian stock market continued the downtrend from the previous weeks with mixed actions and poor turnover. The local benchmark SOFIX lost 1.0% to close at 857.19, as other main indexes – BGBX40 (168.32, -0.6%) and BGREIT (204.38, +0.8%) showed opposite performance. Trace Group Hold (T57, BGN 6.50, +14.0 %) was the top gainer within our list of selected companies, followed by Sopharma Trading (SFT, BGN 5.95, +2.6%) and Bulgarian Real Estate Fund (BREF, BGN 3.36, +0.6%). Declining stocks out...
- 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
Morning Bulletin - 17 September 2024
The Bulgarian equity market closed the first day of the week on a downbeat note with above the 3-months average turnover. The previous days movers Central Cooperative Bank (CCB, BGN 1.64, -3.53%), Bulgarian Stock Exchange (BSE, BGN 7.85, -2.48%) and M+S Hydraulic (MSH, BGN 9.25, -2.63%) continued to impact the major indexes due to tiny Bid/Аsk order book and increased volatility. All major indexes settled on negative territory in range between 0.71% and 0.06% while large-cap names like Sopharma ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 August 2024
Positive start of the week set SOFIX (871.20, +0.51%) positive as well. First Investment Bank (FIB, BGN 5.40, +2.86%), Bulgarian Real Estate Fund (BREF, BGN 2.98, +2.76%) and Sirma Group Holding (SGH, BGN 1.12, +3.70%) surged without significant daily volume, while the most traded name Eurohold (EUBG, BGN 1.47) finished unchanged. Shelly (SLYG, EUR 36.30, -1.09%) was the only index member that lost altitude on Monday, suffering from the absence of liquidity and speculative trades.
- 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
Morning Bulletin - 17 July 2024
SOFIX 857.65 lost 0.16% on Tuesday reflecting the crash of Central Cooperative Bank (CCB, BGN 1.57, -3.68%), M+S Hydraulic (MSH, BGN 9.90, -2.94%) and Eurohold (EUBG, BGN 1.45, -2.03%). Insignificant daily volume raised the value of Sopharma (SFA, BGN 5.88, +1.38%), First Investment Bank (FIB, BGN 4.48, +0.90%) and Chimimport (CHIM, BGN 0.715, +0.70%). BGREIT 191.08 (+0.48%) jumped on the ground of small speculative trades with Sopharma Buildings (SFB, BGN 13.40, +7.20%).
- 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 - 9 July 2024
All major indexes settled on negative territory after a somewhat mixed session with trading activity based on the benchmark index. SOFIX (851.90, -0.08%) continued to move on tick higher than its 50-day average as the negative effect came mainly from the heavy members Shelly Group (SLYG, BGN 69.60, -0.29%) and Central Cooperative Bank (CCB, BGN 1.57, -1.88%). The daily volumes were low as a single block trade with Eurohold (EUBG, BGN 1.08, -0.65%) impacted the daily statistics.
- Mihail Dimitrov
Morning Bulletin - 27 June 2024
The major indexes closed near their highs of the day after a surge of buying interest from the retails mainly in benchmark names. Agria Group (AGH, BGN 20.60, +3.00%), Bulgarian Stock Exchange (BSE, BGN 15.00, +2.04%) and Eurohold (EUBG, BGN 1.50, +2.04%) were among the top performers within SOFIX (846.07, +0.60%). The daily volumes slipped compare to previous two sessions and remained far below the 15-days average.
- 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 Bulleting - 28 May 2024
The participants of the Bulgarian equity market entered in take profit regime at the start of the week, but the main indexes finished mixed as a fresh buying interest in First Investment Bank (FIB, BGN 4.54, +8.10%) impacted the daily statistics. SOFIX (866.50, +0.01%) and BGBX40 (172.55, +0.15%) settled on thick higher, while Eleven Capital (11C, BGN 17.50, -3.85%) and Holding Lev (HLEV, BGN 3.60, -16.28%) weighted additionally on BGTR30 (857.16), which decreased 0.31%. The daily volumes slippe...
- 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
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 - 22 April 2024
Friday’s session felt similar to other sessions from the previous week with below average volume at BSE as the exception was the registered block trade of Eurohold (EUBG, BGN 1.31, -0.76%) for more than million shares at BGN 1.35. All main indexes finished on negative side as a consequence of lack of conviction from buyers and widened Bid/Ask spreads. Zlaten Lev Holding (HLEV, BGN 3.60, -19.28%), Monbat (MONB, BGN 3.44, -3.37%) and Korado (KBG, BGN 4.28, -2.73%) were the daily laggards, while th...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 March 2024
Opposite moves of SOFIX (811.02, -0.04%) members fixed the main index almost unchanged. Eurohold (EUBG, BGN 1.27, -0.78%), Doverie United Holding (DUH, BGN 9.14, -0.65%) and Chimimport (CHIM, BGN 0.70, -0.57%) slipped without significant daily volume and fully offset the positive moves of Central Cooperative Bank (CCB, BGN 1.55, +3.33%), M+S Hydraulic (MSH, BG 10.80, +0.93%) and First Investment Bank (FIB, BGN 2.54, +0.79%). Overall liquidity remained low as institutional investors stayed away f...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 February 2024
The Bulgarian equity market gained momentum after a deep interest appeared in names like M+S Hydraulic (MSH, BGN 11.10, +1.83%) and Doverie United Holding (DUH, BGN 9.20, 0.00%) and renewed the market enthusiasm for other growth names. SOFIX (784.84) advanced 0.62% supported by First Investment Bank (FIB, BGN 2.84, +3.65%) and Bulgarian Stock Exchange (BSE, BGN 14.50, +3.57%). Some names were left out of the trading or with poor volumes but the overall daily statistics improved compared to previ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 January - 26 January 2024
Over the past week, investors managed to stay positive and Bulgarian stock market advanced modestly. The local benchmark SOFIX added 0.6% to close at 787.72, reflecting the good performance of index members like Shelly Group (SLYG, BGN 57.60, +5.1%) , Central Cooperative Bank (CCB, BGN 1.61, +3.9%) and others. The weekly top gainer within our list of selected companies was Alcomet (ALCM, BGN 7.15, +8.3%), followed by Shelly and Stara Planina Hold (SPH, BGN 10.40,+5.1%). Neochim ( NEOH, BGN 27.0...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 18 December - 22 December 2023
The BSE indexes remained flat last trading week, as the benchmark SOFIX (740.97, -0.6%) was the only one that ended on the red side. Rising stocks outnumbered the declining ones in our list of selected companies by 14 to 8, while 7 ended unchanged. The best performers were Gradus (GR6, BGN 1.50, +7.1%), Shelly Group (SLYG, BGN 46.00, +5.0%) and Alcomet (ALCM, BGN 7.30, +4.3%), while M+S Hydraulic (MSH, BGN 10.70, -7.8%) and Eurohold Bulgaria (EUBG, BGN 1.39, -6.7%) lost the most. The weekly turn...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 December 2023
Thursday’s session was focused on narrow range of large cap names with two active buyback procedures – Gradus (GR6, BGN 1.50, +3.45%) and Sopharma (SFA, BGN 5.78, -0.69%). The broad indexes took advantage from numerous names, like Eleven Capital (11C, BGN 17.80, +2.89%), Sirma Group (SGH, BGN 0.72, +2.86%) and Stara Planina (SPH, BGN 10.20, +3.55%), while SOFIX (740.77) slipped by 0.20%, following its heavy members Eurohold (EUBG, BGN 1.40, -3.45%) and First Investment Bank (FIB, BGN 2.94, -1.34...
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