reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 28 October - 1 November 2024
Bulgarian equity market rose modestly in the second week of October, as the end of the third-quarter earnings season for the companies showed mixed results and did not manage to point the market to a clearer direction. The local Benchmark SOFIX added 0.8% to settle at 854.17, as all the other major indexes closed up, ranging from 0.2% to 1.4%. A newly announced fourth dividend distribution this year by Telematic Interactive (TIB, BGN 20.60, +15.7%) put the name of the company on the top of the g...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 October 2024
The Bulgarian equity market had a mixed showing on Wednesday, though ultimately the main indexes were up in range from 0.39% to 0.74%. SOFIX (841.39, +0.40%) rebounded from its 200-day MA mainly supported by First Investment Bank (FIB, BGN 3.66, +5.17%) recovery after the announcement of Q3 financial data, which couldn’t reach the previous year results for the same period on the other hand. BGREIT (211.42) was the exception, following the pull back of the real estate sector and settled 0.41% low...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 October 2024
SOFIX (842.81, -0.52%) stepped back reflecting poor liquidity and huge daily fluctuations. Shelly Group (SLYG, EUR 33.10, -2.65%), First Investment Bank (FIB, BGN 3.76, -2.08%), Sirma Group Holding (SGH, BGN 1.06, -1.85%) and Bulgarian Stock Exchange (BSE, BGN 7.95, -1.24%) retreated with small daily turnover and weighed on the main index. Speculative trades with Central Cooperative Bank (CCB, BGN 1.65, +3.13%) and Chimimport (CHIM, BGN 0.715, +1.42%) raised both names without corporate news. Ad...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 21 October - 28 October 2024
The lack of investors’ enthusiasm and the negative trend on the Bulgarian stock market became more visible during the past week and all major indexes finished with losses. The local benchmark SOFIX decreased by 0.8% to settle at 847.18, while the broad ones – BGBX40 (167.02, -1.6%) and BGTR30 (853.24, -1.8%) performed worse. Speedy (SPDY, BGN 224.00, +3.7%) led the list of gainers within our list of selected companies, followed by the SOFIX members Sirma Group Holding (SGH, BGN 1.08, +1.9%) and ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 October 2024
SOFIX (847.18, +0.12%) confirmed the tied range from the last 6 months /860 – 830/ and small daily fluctuations with poor liquidity fixed the main index almost unchanged. Most institutional investors stood away from trading as Q3-2024 financial results are to be released in the next few days and trading was dominated by retail investors. Small daily volumes with Agria (AGH, BGN 19.60, +1.55%), Sirma Group Holding (SGH, BGN 1.08, +1.89%) and Doverie United Holding (DUH, BGN 8.00, +1.01%) fully of...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 October 2024
The Bulgarian equity market faced some selling pressure on Monday and settled all main indexes with losses in range between 1.11% to 0.69%. Downside bias was the result of widened Bid/Ask spreads for Bulgarian Real Estate Fund (BREF, BGN 3.84, -3.03%) and Chimimport (CHIM, BGN 0.705, -2.76%) and aggressive sellers of First Investment Bank (FIB, BGN 3.82, -4.98%) and Shelly Group (SLYG, EUR 33.50, -2.05%). The volumes slipped even more compared to previous trading sessions and remained below the ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 14 October - 18 October 2024
The Bulgarian stock market indexes finished the week almost flat on Friday with the exception of BGREIT (208.71, +1.4%), largely supported by the strong movement of its member Bulgarian Real Estate Fund (BREF, BGN 3.96, +7,0%). The local benchmark SOFIX added 0.1%, closing at 854.43, while the extended BGBX40 (169.74, -0.3%) and BGTR30 (868.87, -0.2%) ended a notch lower. Declining stocks outnumbered the rising ones within our list of selected companies by 16 to 8, 5 remained unchanged. Our top ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 October 2024
The Bulgarian equity market had strong showing on Friday and all major indexes settled on positive territory. Combinations of positive price actions with Bulgarian Real Estate Fund (BREF, BGN 3.96, +4.21%), Central Cooperative Bank (CCB, BGN 1.64, +2.50%) and Chimimport (CHIM, BGN 0.725, +3.57%) defined the daily outcome, which otherwise was moderate. BGREIT (211.71) outperformed by 0.87% gain and got closer to all-time high, supported by BREF. Unusual buying interest in Neochim (NEOH, BGN 26.00...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 October 2024
There was mixed price action on Thursday, though the main indexes firmly settled below the surface in this session. BGREIT (209.89, -1.05%) deepened the most, reflecting Bulgarian Real Estate Fund’s (BREF, BGN 3.80, -4.52%) retreat. Along with the usual liquidity providers within SOFIX (851.71, -0.57%), Shelly Group (SLYG, EUR 34.60, -0.57%) and Doverie (DUH, BGN 8.00,-1.23%), Bulgarian Stock Exchange (BSE, BGN 8.00, -0.62%) registered increased turnover compared to the 3-months average without ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 October 2024
The Bulgarian equity market had a moderate showing on Wednesday and all major indexes settled on positive territory in range between 0.11% and 1.01%. The volatile price actions led the heavy member Shelly Group (SLYG, EUR 34.80) to 4.19% gain though the average price of the turnover was EUR 33.32, which along with Sopharma Trading were the main motors of the day for SOFIX (856.59, +1.01%). The daily turnover continued to exceed the 3-months average concentrated on the benchmark index.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly Bulletin - 7 October - 11 October 2024
The Bulgarian stock market continued its movement from the previous weeks with no clear direction, mixed trades and poor turnover. The local benchmark SOFIX added 0.1%, closing at 855.40, while BGBX40 (170.21, +1.2%) and BGREIT (208.71, +1.1%) showed some positive mood. Advancing stocks outnumbered falling ones in our list of selected securities and 3 ended unchanged. Our top performer was Speedy (SPDY, BGN 224.00, +16.1%), followed by the industrial Stara Planina Hold (SPH, BGN 10.20, +7.4%) an...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 October 2024
SOFIX (848.01, -0.67%), BGBX40 (168.98, -0.55%) and BGTR30 (866.92, -0.19%) settled with losses, while BGREIT (211.87, +0.46%) booked new record high by registering 0.46% gain. Index-level losses were impacted by weakness in heavy names, like Shelly Group (SLYG, EUR 33.40, -3.19%) and Central Cooperative Bank (CCB, BGN 1.61, -3.59%), while Speedy (SPDY, BGN 218.00, -2.68%) and Neochim (NEOH, BGN 19.60, -2.97%) weighed on the broader indexes. The volumes were above average and large-cap based but...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 15 October 2024
The first session of the week featured a mixed price actions, which ultimately led the main indexes to negative territory. The decliners prevailed advancers by 4-to-1 margin within the Bulgarian equity market, tough Bulgarian Real Estate Fund (BREF, BGN 3.86, +4.32%) experienced significant buying interest after the announcement of a deal with Bricolage Shopping Centre and settled BGREIT (210.91, +1.05%) alone on positive territory with new record high. The turnover was above average based mainl...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 October 2024
There was another negative bias in the Bulgarian equity market on Thursday. The downside moves were limited, though, and the main indexes settled mixed. The participants reacted on slowing activity and took some profits in names like Chimimport (CHIM, BGN 0.71, -3.40%) and Shelly Group (SLYG, BGN 35.50, -1.11%), which sent SOFIX (858.94, -0.32%) below the surface. The broad indexes – BGBX40 (170.35, +0.32%) and BGTR30 (870.55, +0.13%) - outperformed supported by Industrial Holding Bulgaria (IHB,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 30 September - 4 October 2024
Bulgarian stock market indexes closed the week almost flat on Friday, largely reflecting the lack of fresh investors’ enthusiasm, while international markets remained on a volatile note, because of elevated geopolitical and economic uncertainty. The benchmark SOFIX lost 0.1% to settle at 854.78, as all other major indexes closed mixed, ranging from 0.1% to -0.4%. The former SOFIX member M+S Hydraulic (MSH, BGN 9.90, +6.5%) led the gainers within our list of selected companies, followed by Elana ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 October 2024
The Bulgarian equity market closed the week mixed as SOFIX (854.78, +0.06%) alone settled above the surface, while the broad indexes – BGBX40 (168.20) and BGTR30 (868.26) booked 0.12% and 0.14% losses after some low volume trades with Stara Planina (SPH, BGN 9.50, -5.00%). Some buy in the deep interest in First Investment Bank (FIB, BGN 3.98, +3.65%) placed the name on the top of the gainers for this trading session and along with Elana Agrocredit (EAC, BGN 1.10, +2.80%) and Hydraulic Elements a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 October 2024
The trading activity on Bulgarian equity market shrunk to benchmark based narrow range and settled the main indexes on the positive side as BGBX40 (168.47) alone booked 0.20% loss dragged by Speedy (SPDY, BGN 193.00, -8.10%). The price actions with Central Cooperative Bank (CCB, BGN 1.65, +1.85%) and Bulgarian Stock Exchange (BSE, BGN 8.10, +1.25%) and stable trading of First Investment Bank (FIB, BGN 4.00, 0.00%) around support level of BGN 4.00 left SOFIX (855.23, +0.17%) near prior closing li...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 24 September - 27 September 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX lost 0.2% to settle at 855.75, while the broad ones BGBX40 (168.94, +0.4%) and BGTR30 (867.82, +0.1%) ended a notch higher. The advancers equaled the decliners in our list of selected companies 13-to-13, 3 remained neutral. Speedy (SPDY, BGN 210.00, +6.6%) was the top gainer in the list, followed by Neochim (NEOH, BGN 20.20, +5.2%) and Bulgarian stock exchange (BSE, BGN 8.15, +4.5%). SOFIX member First Invest...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 September 2024
There were some price actions in both directions in the beginning of the shorter trading week, though neither sellers nor buyers were convincing enough and the main indexes settled almost flat. The advancers led the decliners by 6-to-5 margin within SOFIX (854.96, -0.26%) but First Investment Bank (FIB, BGN 4.60, -3.77%) twisted once again and weighed on the main index. The daily activity came on a broad base as the turnover of Sopharma (SFA, BGN 5.96, 0.00%), Bulgarian Stock Exchange (BSE, BGN ...
- 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...
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