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 Bulleting - 2 September 2024
The Bulgarian equity market got off to a good start on Friday but some large cap names met selling pressure and the main indexes closed the week and the month mixed. SOFIX (864.77) declined by 0.09%, led by the losses of Central Cooperative Bank (CCB, BGN 1.70, -2.30%) and Shelly Group (SLYG, BGN 35.10, -1.13%) , while the broad indexes deepened even more as Eleven Capital (11C, BGN 16.80, -3.45%) and Stara Planina (SPH, GN 9.50, -3.06%) weighed additionally. Volumes, on the other hand, were low...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 August 2024
It was a downbeat day on Tuesday and the major indexes lost in range between 0.93% to 0.39%. The negative price actions were driven by consolidated activity after the registration of new 15-year highs by the indexes on Monday. SOFIX (864.88) slipped the most by 0.93%, led by M+S Hydraulic (MSH, BGN 9.00, -5.26%), Bulgarian Stock Exchange (BSE, BGN 8.00, -4.76%) and Central Cooperative Bank (CCB, BGN 1.68, -2.33%) losses. Volume was traditionally for the season below-average again as only the blo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 August - 23 August 2024
The Bulgarian stock market indexes closed the week flat on Friday, as the sector-focused BGREIT (199.94, +1.2%) was the only one with more solid gain, supported by the strong movement of Bulgarian Real Estate Fund (BREF, BGN 3.10, +6.9%). The benchmark SOFIX added 0.3% to settle at 869.29, reflecting the lack of fresh’ enthusiasm on the market. Nevertheless, the top gainers within our list of selected companies started with SOFIX members Chimimport (CHIM, BGN 0.75, +9.6%) and Bulgarian Stock Exc...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 August 2024
Summer vacations, poor liquidity, and the absence of corporate news made room for speculative moves. Huge opposite moves set SOFIX at 871.43 (+0.31%) despite the drop of Agria (AGH, BGN 19.50, -4.41%) and Bulgarian Real Estate Fund (BREF, BGN 3.06, -1.29%). Central Cooperative Bank (CCB, BGN 1.83, +8.28%), Chimimport (CHIM, BGN 0.78, +4.00%) and Bulgarian Stock Exchange (BSE, BGN 7.90, +3.95%) moved North without any corporate news or other relevant information. BGBX40 170.91 (+0.12%) and BGTR30...
- 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 - 12 August - 16 August 2024
The Bulgarian stock market finished the last week on an upbeat mode as world markets continued to recover from the sharp pullback at the beginning of August. The positive sentiment pushed the benchmark SOFIX up with 1.4% to settle at 866.77 and all other major indexes closed in green, ranging from 1.3% to 2.0%. First Investment Bank (FIB, BGN 5.25, +9.4%) was the top gainer within our list of selected companies, followed by Bulgarian Real Estate Fund (BREF, BGN 2.90, +8.2%) – both SOFIX members....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 15 August 2024
The Bulgarian equity market exhibited some inertia from previous trading day and the major indexes built moderate gains for seventh consecutive day in a row. First Investment Bank (FIB, BGN 5.40, +2.86%) and Bulgarian Real Estate Fund (BREF, BGN 2.88, +3.60%) continued to lead the advancers within the SOFIX (865.64, +0.43%), while Agria Group (AGH, BGN 20.00, -2.91%) and Chimimport (CHIM, BGN 0.72, -2.04%) neutralized the positive effect with small trades. The block trade with Eurohold (EUBG, BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 July 2024
Positive start of the week raised SOFIX to 864.29 (+0.24%). Poor liquidity and big bid/ask spreads allowed huge fluctuations without significant daily volume. Shelly Group (SLYG, BGN 37.60, +3.87%) and Chimimport (CHIM, BGN 0.765, +2.00%) rose without corporate news while small speculative trades pushed down Doverie United Holding (DUH, BGN 8.50, -1.85%), Eurohold (EUBG, BGN 1.49, -1.32%) and Sirma Group Holding (SGH, BGN 1.14, -0.87%). Bulgarian Real Estate Fund (BREF, BGN 2.64, +0.76%) offset ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 July - 26 July 2024
The Bulgarian stock market ended the week mixed, lacking investor interest in the middle of the summer and trying to digest the outgoing corporate earnings data for the first half of the year. The benchmark SOFIX retreated 0.3% to settle at 862.25, while the broader ones - BGBX40 (169.60, -0.1%), BGTR30 (863.45, +0.6%) performed in opposite directions. The weekly volume (-66.8%) showed weak performance while the turnover (+46.6%) was pushed up by intense trade with bonds and generally illiquid n...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 July 2024
SOFIX (862.25, -0.23%) closed negative on Friday reflecting the drop of M+S Hydraulic (MSH, BGN 10.00, -4.76%), Bulgarian Stock Exchange (BSE, BGN 7.50, -2.60%) and Chimimport (CHIM, BGN 0.75, -1.96%). Speculative trades raised First Investment Bank (FIB, BGN 4.90, +2.51%) while block trades pushed Doverie United Holding (DUH, BGN 8.66, +0.70%). The heavy member Advance Terrafund (ATER, BGN 3.22, -0.31%) and Bulgarian Real Estate Fund (BREF, BGN 2.62, -0.76%) weighed on BGREIT and the index clos...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 July 2024
SOFIX (864.25, +0.17%) closed slightly positive despite huge opposite moves of index members on Thursday. Chimimport (CHIM, BGN 0.765, +5.52%), M+S Hydraulic (MCH, BGN 10.50, +3.96%) and First Investment Bank (FIB, BGN 4.78, +1.70%) led the daily gainers while Shelly Group (SLYG, EUR 36.00, -4.51%) and Elana Agrocredit (EAC, BGN 1.08, -0.92%) slumped with moderate daily volume. Advance Terrafund (ATER, BGN 3.23, +0.94%) advanced on the ground of small volume and BGREIT (192.86, +0.18%) closed on...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 July 2024
Speculative trades dominated the trading session on Wednesday. SOFIX (862.82) added 0.22% on the wings of First Investment Bank (FIB, BGN 4.70, +4.44%), Shelly Group (SLYG, BGN 37.70, +1.89%) and Bulgarian Stock Exchange (BSE, BGN 7.70, +1.99%). Chimimport (CHIM, BGN 0.725, -2.03%), Sopharma (SFA, BGN 5.80, -1.69%) and Eurohold (EUBG, BGN 1.50, -0.66) pulled back the main index on the ground of poor daily volume.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 July 2024
The Bulgarian equity market started the week on a weak note with broad-based selling, which settled the main indexes in negative territory. SOFIX (860.82) declined 0.43% and finished just a tick above the 50-day average with First Investment Bank (FIB, BGN 4.48, -3.03%) and Bulgarian Estate Fund (BREF, BGN 2.60, +1.56%) on both sides of the movers’ list. The block trade with Eurohold (EUBG, BGN 1.50, +0.67%) impacted the daily statistics, and the turnover neared the 3-months average.
- 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
Morning Bulletin - 16 July 2024
SOFIX (859.04) lost 0.55% as several heavy names declined on Monday. Eurohold (EUBG, BGN 1.48, -1.99%), Sopharma (SFA, BGN 5.80, -1.36%), Advance Terrafund (ATER, BGN 3.21, -0.93%) and First Investment Bank (FIB, BGN 4.44, -0.45%) retreated due to selling pressure while insignificant speculative trades lowered Agria (AGH, BGN 20.50, -2.38%) and Sirma Group Holding (SGH, BGN 1.10, -1.79%). Shelly (SLYG, BGN 75.00, +0.27%) slightly offset the negative impact on the main index by moving North witho...
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