reports
- 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 - 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
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%...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 April 2024
Poor liquidity and big bid/ask spreads fixed SOFIX at 808.40 (+0.09%). Speculative trades raised M+S Hydraulic (MSH, BGN 10.80, +3.85%) and Elana Agrocredit (EAC, BGN 1.10, +0.92%) while First Investment Bank (FIB, BGN 2.50, -2.34%) and Agria (AGH, BGN 19.10, -0.78%) slipped without significant daily volume. After the jumped from the previous week Gradus (GR6, BGN 1.48, -7.50%) lost altitude and closed negative on Wednesday.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 April 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
Morning Bulletin - 26 March 2024
The Bulgarian equity market started the week on a weak note and continued its midterm downtrend as the main indexes reflected the moves mixed. The negative bias came from names like Central Cooperative Bank (CCB, BGN 1.50, -3.23%), Bianor (BNR, BGN 4.28, -4.89%) and Monbat (MONB, BGN 3.16, -3.66%) with poor volumes, while the buying interest in Bulgarian Stock Exchange (BSE, BGN 15.60, +2.63%, Elana Agrocredit (EAC, BGN 1.10, +1.85%) and Sirma Group (SGH, BGN 0.72, +1.41%) balanced on the opposi...
- 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 - 21 March 2024
Gainers from the previous day retreated on Wednesday as profit taking pushed down First Investment Bank (FIB, BGN 2.52, -3.08%) and Bulgarian Real Estate Fund (BREF, BGN 2.60, -0.76%). The heavy member Shelly Group (SLYG, BGN 68.20, -1.16%) suffered from low liquidity and speculative trades and closed negative. Chimimport (CHIM, BGN 0.704, +2.33%), M+S Hydraulic (MSH, BGN 10.70, +1.90%) and Sopharma (SFA, BGN 6.36, +1.27%) supported the main index and SOFIX (811.35, +0.26%) finished the day gree...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 26 February - 1 March 2024
The trading activity was poor last week on BSE and the broad indexes settled almost unchanged – BGBX40 (162.87, +0.4%) and BGTR30 (809.22, 0.0%). SOFIX (793.16) took some advantage from the weekly gainers Bulgarian Stock Exchange (BSE, BGN 15.60, +9.10%) and Sopharma (SFA, BGN 6.36, 5.30%) and outperformed by 1.0%. The advance-decline line favored decliners by a 13 to 11 margin in our watchlist, while the weekly volumes declines by 32% compared to the YtD average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 March 2024
All indexes closed positive before the holidays. SOFIX (793.16, +0.60%) moved North on the wings of Neochim (NEOH, BGN 22.00, +4.27%), Sopharma (SFA, BGN 6.36, +3.25%), Sopharma Trading (SFT, BGN 5.80, +3.57%) and First Investment Bank (FIB, BGN 2.86, +2.14%). Shelly (SLYG, BGN 58.60, -1.01%) and Elana Agrocredit (EAC, BGN 1.07, -0.93%) weighed on the main index but positive sentiment prevailed the sellers on Friday.
- 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 - 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
Morning Bulletin - 28 February 2024
All BSE indexes closed in the red zone on Tuesday. SOFIX slipped to 783.41 (-0.21%) reflecting the drop of M+S Hydraulic (MSH, BGN 10.50, -4.55%), Chimimport (CHIM, BGN 0.704, -2.76%) and Neochim (NEOH, BGN 21.50, -2.27%). BSE (BSE, BGN 14.95, +2.40%) and Doverie (DUH, BGN 9.28, +1.98%) moved North on the ground of insignificant daily volume. Speculative trades pushed Gradus (GR6, BGN 1.45, -14.71%) down and BGTR30 (805.15, -0.72%) finished the day negative.
- 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 - 20 February 2024
All major indexes on Bulgarian stock exchange finished in negative territory reflecting minor volume trades in widened Bid/Ask spreads. SOFIX (781.73) slipped 0.46% and ultimately finished on the level from the beginning of the month as the decliners led by 4-to-1 margin. A single trade with less traded name Galata Investment (GTH, BGN 2.50, 0.00%) impacted daily turnover the most, which otherwise remained weak and far below the 15-day average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 29 January - 02 February 2024
Few companies from the industrial sector registered significant increase last week and led weekly gainers. Industrial Holding (IHB, BGN 1.90, +12.4%), Industrial Capital Holding (HIKA, BGN 3.06, +4.8%) and M+S Hydraulic (MSH, BGN 11.20, +2.8%). The Banking sector weighted on the market and all local indexes closed on the negative territory. Rumors about First Investment Bank (FIB, BGN 2.40, -26.4%) pushed the bank’s shares down followed by Central Cooperative Bank (CCB, BGN 1.53, -5.0%). SOFIX...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 February 2024
Opposite moves of index members fixed SOFIX at 786.68 (-0.13%). The jumps of Neochim (NEOH, BGN 23.60, +6.79%), Doverie (DUH, BGN 8.94, +2.05%) and BSE (BSE, BGN 14.15, +1.07%) partly offset the drops of First Investment Bank (FIB, BGN 3.12, -5.45%), Chimimport (CHIM, BGN 0.734, -3.42%) and M+S Hydraulic (MSH, BGN 10.80, -0.92%). Consolidation around current market levels continued and all other local indexes finished the day almost unchanged.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 January 2024
The Bulgarian market closed a volatile session on broad base, which led to mixed results for the main indexes. SOFIX closed with 0.26% gain thanks to small volume trades with Chimimport (CHIM, BGN 0.764, +3.80%), Eurohold (EUBG, BGN 1.35, +3.85%) and First Investment Bank (FIB, BGN 3.36, +3.07%) and advanced by 3.22% YtD in total. The broad indexes underperformed as the daily losers – Agria Group Holding (AGH, BGN 20.30, -5.58%), Bulgarian Stock Exchange (BSE, BGN 14.00, -3.11%) and Alcomet (ALC...
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