reports
- 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 - 29 April 2024
The Bulgarian equity market started the final session of the week on higher note, building on gains throughout the week. Reloaded buying interest in First Investment bank (FIB, BGN 3.08, +8.45%) and Shelly Group (SLYG, BGN 68.00, +0.59%) provided a boost to the participants, which led SOFIX (818.59, +0.41%) to new 15-years high. The broad indexes BGTR30 (822.07, +0.31%) and BGBX40 (165.97, +0.31%) underperformed the benchmark indexes with significant part of untraded names and expectations for t...
- 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 - 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 - 29 March 2024
Quit opposite moves fixed SOFIX (807.47, +0.49%) positive on the very last trading session of March. M+S Hydraulic (MSH, BGN 11.10, +6.73%), Chimimport (CHIM, BGN 0.702, +2.93%), Bulgarian Stock Exchange (BSE, BGN 15.30, +2.00%) and Central Cooperative Bank (CCB, BGN 1.53, +2.00%) jumped on the ground of moderate daily volume. Insignificant speculative trades weighed on Holding Varna (HVAR, BGN 44.00, -2.22%), Advance Terrafund (ATER, BGN 3.34, -1.18%) and Elana Agrocredit (EAC, BGN 1.08, -0.92%...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 March 2024
Selling pressure ruled the trading and SOFIX (803.52, -0.12%) closed in red on Wednesday. Chimimport (CHIM, BGN 0.682, -3.13%), First Investment Bank (FIB, BGN 2.42, -1.63%) and Sopharma (SFA, BGN 6.24, -1.27%) fully offset the positive moves of Sirma Group Holding (SGH, BGN 0.75, +2.74%) and M+S Hydraulic (MSH, BGN 10.40, +1.96%). 1.76m shares of Gradus (GR6, BGN 1.70, +13.33%) lifted the company to daily top gainers’ place and pushed up BGTR30 (813.04, +0.53%) and BGBX40 (164.71, +0.31%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 18 March - 22 March 2024
Bulgarian stock market ended last week on a somber note and the leading local index SOFIX lost 1.0% to close at 806.02, while the broad one BGBX40 (164.55, -1.0%) performed similarly. The weekly top performer within our list of selected companies was Trace Group Hold (T57, BGN 4.20,+4.0%), followed by Central Cooperative Bank (CCB, BGN 1.55, +2.6%) and Telematic Interactive (TIB, BGN 15.91, +2.0%). On the red side the list of laggards started with industrial shares like M+S Hydraulic (MSH, BGN 1...
- 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 - 29 February 2024
Mixed trading session fixed SOFIX (784.03, +0.08%) and BGREIT (191.49, +0.26%) positive while BGBX40 (161.66, -0.11%) and BGTR30 (805.07, -0.01%) closed negative on Wednesday. First Investment Bank (FIB, BGN 2.84, +3.65%), BSE (BSE, BGN 15.35, +2.68%) and Chimimport (CHIM, BGN 0.72, +2.27%) led the daily gainers on the ground of moderate daily volume. The negative impact on SOFIX came from M+S Hydraulic (MSH, BGN 10.30, -1.90%) and Neochim (NEOH, BGN 21.10, -1.86%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 February - 23 February 2024
The Bulgarian stock exchange indexes closed the week flat on Friday with the exception of sector BGREIT, which gained 1.4% to close at 192.11, supported by the strong Friday movement of Bulgarian Real Estate Fund (BREF, BGN 2.64, +2.3%). The performance of the benchmark SOFIX (785.45, 0.00%) reflected the lack of fresh investors’ enthusiasm on the market. A total of 10 out of 29 names in our universe finished on green territory last week, 14 remained on the red side. The weekly top performers wi...
- 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
Morning Bulletin - 22 February 2024
More and more investors get the wait-and-see mindset, impacting the volumes and bid sides and leading the main indexes in a mid-term down trend, started earlier this week. All major indexes finished in negative territory as the impact came from insignificant moves on narrow base with participants from the benchmark index. Bulgarian Real Estate Fund (BREF, BGN 2.56, -1.54%) and Doverie United Holding (DUH, BGN 9.20, -1.08%) contributed to the negative bias despite the advance of the financial sec...
- 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
Morning Bulletin - 29 January 2024
The market saw a mixed action on the final day of the week on large-cap base, but the heavy member Shelly Group (SLYG, BGN 57.60, +4.35%) impacted all major indexes and they finished with positive bias. SOFIX (787.72) advanced the most by 0.72% as the rest of the members changed little on slightly below 15 days average volume. Less traded names like Rodna Zemya (HRZ, BGN 3.02, 0.00%) and Velgraf Asset Management (VAM, BGN 4.64, 0.00%) continued to contribute to daily turnover statistic with bloc...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 January 2024
Several heavy names weighted on SOFIX 782.07 (-0.21%) and the main index closed negative on Thursday. Eurohold (EUBG, BGN 1.31, +5.07%) and Chimimport (CHIM, BGN 0.736, -5.40%) dropped under huge selling pressure while First Investment Bank (FIB, BGN 3.20, -3.03%) and Neochim (NEOH, BGN 25.00, -0.79%) slipped without significant daily volume. Speculative trades shook Shelly Group (SLYG, BGN 55.20, +3.37%) in the range BGN 52.60–55.20 but the company closed in the green zone without corporate new...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 January 2024
Huge opposite moves of index members fixed SOFIX at 781.82 (-0.14%). The daily gainer Chimimport (CHIM, BGN 0.842, +14.71%) advanced on bigger than usual daily volume, followed by Central Cooperative Bank (CCB, BGN 1.63, +5.16%), Sopharma (SFA, BGN 6.04, +0.67%) and Sopharma Trading (SFT, BGN 5.75, +0.88%). Negative impact on the main index came from Neochim (NEOH, BGN 26.80, -5.30%), Shelly Group (SLYG, BGN 53.20, -2.92%) and M+S Hydraulic (MSH, BGN 10.80, -1.82%).
- 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...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 December 2023
The Bulgarian equity market had mixed showing on Tuesday but finally all major indexes took some air above the surface. SOFIX (744.68) rebounded by 0.11% and led the gainers in this trading session, supported by recovery of Eurohold (EUBG, BGN 1.51, +4.14%) and Central Cooperative Bank (CCB, BGN 1.54, +1.99%), while the actively traded heavy members – Sopharma (SFA, BGN, 5.88, 0.00%) and Shelly Group (SLYG, BGN 43.70, -0.23%) remained neutral. The volumes surged double compared to previous five ...
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