reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 December 2025
The Bulgarian stock market closed in positive territory on Wednesday, as investor activity continued to improve toward the end of both the month and the year. SOFIX gained 0.34%, finishing the session at 1 138.81 points. The advance was driven primarily by increased interest in Elana Agrocredit (EAC, BGN 1.08, +2.86%), as well as continued strong trading in Sopharma (SFA, BGN 2.89, +1.40%), which has been among the most actively traded shares in recent weeks. Additional support for the index cam...
Morning Bulletin - 17 December 2025
The Bulgarian equity market retreated within a narrow range, with weakness concentrated among recent gainers, pushing SOFIX (1 134.96, -0.19%) into negative territory. Wiser Technologies (WISR, BGN 4.80, -2.04%) and First Investment Bank (FIB, BGN 5.72, -1.72%) led the declines within the benchmark. In contrast, the broader indexes edged higher, with BGBX40 (200.94, +0.07%) and BGTR30 (979.99, +0.02%) benefiting from low-volume advances in Sofia Commerce (SCOM, BGN 5.00, +9.17%) and Hydraulic El...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 December 2025
The Bulgarian equity market retreated within a narrow range, with weakness concentrated among recent gainers, pushing SOFIX (1 134.96, -0.19%) into negative territory. Wiser Technologies (WISR, BGN 4.80, -2.04%) and First Investment Bank (FIB, BGN 5.72, -1.72%) led the declines within the benchmark. In contrast, the broader indexes edged higher, with BGBX40 (200.94, +0.07%) and BGTR30 (979.99, +0.02%) benefiting from low-volume advances in Sofia Commerce (SCOM, BGN 5.00, +9.17%) and Hydraulic El...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 December 2025
The Bulgarian equities inched higher on Friday, recovering most of the previous session’s losses and closing the week with modest gains. A rebound in Advance Terrafund (ATER, BGN 2.67, +1.91%) and a steady bid in Shelly Group (SLYG, EUR 56.40, +1.44%) helped to lift all major indexes, with SOFIX (1 087.77, +0.14%) leading the advance. Trading volumes were broadly unchanged from the prior session, remaining subdued for the season. Chimimport (CHIM, BGN 0.70, 0.00%) and Eurohold (EUBG, BGN 1.90, +...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 November 2025
The Bulgarian equity market bent under selling pressure on Thursday, as weakness in several standalone names pulled the major indexes into negative territory. Wiser Technologies (WISR, BGN 4.52, -4.24%) and Advance Terrafund (ATER, BGN 2.62, -2.60%) led the declines, weighing broadly on sentiment. At the same time, Sopharma (SFA, BGN 2.72, +1.12%) and Sirma Group (SGH, BGN 1.72, +0.58%) attracted renewed interest after their latest financial results outperformed expectations. Both names were amo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 November 2025
The Bulgarian equity market extended its midterm uptrend on Wednesday, despite the absence of major corporate catalysts or meaningful macro signals, with all key indexes adding to their recent gains. SOFIX (1 088.86) finished just a tick below its 18-year high, powered by a fresh advance in Bulgarian Stock Exchange (BSE, BGN 11.80, +4.42%), which remained the session’s standout performer. Strength across the producers’ segment, most notably Hydraulic Elements and Systems (HES, BGN 5.10, +2.82%) ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 24 November 2025
Bulgarian equities ended the week firmly on the negative side, with most major indices posting declines as investors reassessed their positions amid heightened volatility across global markets. The local blue-chip index SOFIX slipped by 0.7% to close at 1 071.8 points, as the broader BGBX40 (192.56, -0.8%) and BGTR30 (941.65, -0.7%) mirrored the overall downward trend. Among the stocks we track, the top performers were Trace Group Hold (T57, BGN 5.20, +4.0%), the consistently strong Shelly Group...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 November 2025
All major indexes closed Friday’s session on negative territory, with SOFIX (1 071.88, -1.11%) underperforming, while BGBX40 (192.56, -0.77%) and BGTR30 (941.65, -0.39%) saw comparatively milder declines as light-volume trades in several mid-cap names softened the downside. Eurohold Bulgaria (EUBG, BGN 1.83, -4.69%), coming off a week of elevated volatility, slipped back toward early-week levels on thin turnover and topped the list of decliners on the Bulgarian Stock Exchange. Trading activity r...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 10 November - 14 November 2025
The Bulgarian stock market ended the previous week on a positive note, with the sole exception of the sector index BGREIT (226.49, -0.6%), which reflected the weaker performance of Advance Terrafund (ATER, BGN 2.75, -1.8%). The leading local benchmark SOFIX gained 0.8% to close at 1 079.33, supported by strong upward moves from heavyweights Eurohold Bulgaria (EUBG, BGN 1.94, +7.8%) and the high-growth Shelly Group (SLYG, EUR 54.00, +5.5%). Both stocks were also among the top gainers in FFBH’s li...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 November 2025
The Bulgarian equity market saw an unusual surge in volumes on Monday – particularly within SOFIX constituents – which pressured all major indexes into negative territory. Heavy selling in Eurohold (EUBG, BGN 1.83, -5.67%), First Investment Bank (FIB, BGN 4.83, -5.29%), Bulgarian Stock Exchange (BSE, BGN 10.70, -3.60%), and Chimimport (CHIM, BGN 0.685, -3.52%) drove the benchmark SOFIX (1 063.34) to the bottom of the daily rankings with a 1.48% decline. The sharp drop in Expat SOFIX ETF (BGX, BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 November 2025
The Bulgarian equity market showed resilience on Tuesday, with the major indexes closing in positive territory, advancing between 0.21% and 0.63%. SOFIX (1 073.87, +0.63%) outperformed, supported by gains in Central Cooperative Bank (CCB, BGN 1.70, +2.41%) and Shelly Group (SLYG, EUR 53.00, +1.53%). Monbat (MONB, BGN 1.89, +3.85%) and Zaharni Zavodi (ZHBG, BGN 0.12, +4.35%) led on a broader base, though their influence was limited by light-volume trades. Weakness in Advance Terrafund (ATER, BGN ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 November 2025
The Bulgarian equity market experienced a volatile session, though the final outcome remained moderate compared to recent levels. Bulgarian Real Estate Fund (BREF, BGN 5.10, +2.41%) lifted SOFIX (1 070.88, +0.67%), which led the gains among the major indexes and drew additional buying interest in First Investment Bank (FIB, BGN 5.10, +1.59%) and Bulgarian Stock Exchange (BSE, BGN 10.90, +1.87%). Light-volume trades with Albena (ALB, BGN 26.20, -2.96%), Speedy (SPDY, BGN 185.00, -4.15%), and Petr...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 November 2025
SOFIX (1 067.06, -0.18%) closed slightly negative on the last trading day of the month as opposite move of index members offset each other. First Investment Bank (FIB, BGN 5.06, -3.44%), Smart Organic (SO, BGN 27.60, -1.43%), Sirma Group Holding (SGH, BGN 1.70, -1.16%) and Advance Terrafund (ATER, BGN 2.82, -1.05%) disappointed investors with the release of Q3 financial reports and selling pressure did not find adequate demand. Wiser (WISR, BGN 5.05, +1.81%) also reported loss in Q3 but negative...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 October 2025
Despite the enormous jump of Sirma Group (SGH, BGN 1.72, +10.97%), SOFIX 1069.02 (-0.29%) closed negative as all the other index members lost altitude or finished the day unchanged on Thursday. Poor financial performance in Q3 of Smart Organic (SO, BGN 28.00, -2.78%) disappointed investors and the company dropped without significant daily volume while huge selling pressure weighed on Bulgarian Stock Exchange (BSE, BGN 10.50, -1.87%), Doverie United Holding (DUH, BGN 9.28, -1.90%) and Advance Ter...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 October 2025
Trading on the Bulgarian equity market remained subdued, with light volumes and mixed movements across the major indexes. Investor sentiment was cautious, resulting in modest price changes. First Investment Bank (FIB, BGN 5.26, +1.15%) continued to attract attention following its recently published agenda, which helped the stock advance by 1.15% and along with Sopharma (SFA, BGN 2.74, +1.48%) and Doverie (DUH, BGN 9.46, +1.07%) supported the SOFIX index, which closed 0.25% higher at 1 072.11 poi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 October 2025
The Bulgarian equity market lost momentum on Monday, sending the main indexes in mixed directions. SOFIX (1 069.46, -0.33%) slipped as weakness in the tech sector, led by Shelly Group (SLYG, EUR 52.80, -0.75%), Sirma Group (SGH, BGN 1.53, -0.65%), and Wiser Technologies (WISR, BGN 5.00, -0.99%), weighed on the benchmark. The broader BGTR30 (946.97, +0.21%) outperformed, supported by Synthetica (SYN, BGN 84.50, +11.18%), which surged after a block trade was registered at BGN 81.00. Tchaikapharma ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 October 2025
Huge dividend distribution from Bulgarian Stock Exchange (BSE, BGN 10.60, +10.42%) pushed SOFIX (1 073.93, +0.74%) up on Friday. IT companies Sirma Group Holding (SGH, BGN 1.44, +2.13%) and Wiser (WISR, BGN 5.40, +1.89%) offset the drop of Shelly (SLYG, BGN 54.80, -1.08%) with bigger than regular daily turnover. The wider BGBX40 (193.74, +0.46%) also gained altitude on the back of Monbat (MONB, BGN 1.95, +2.63%) and Sofia Commerce Pawn Brokerage (SCOM, BGN 8.40, +3.07%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 October 2025
Bulgarian Stock Exchange (BSE, BGN 9.60, -2.04%), Speedy (SPDY, BGN 190.00, -2.56%), Eurohold (EUBG, BGN 1.79, -1.65%) and Smart Organic (SO, BGN 29.60, -1.33%) suffered from poor liquidity and selling pressure. SOFIX (1 066.09, -0.52%), BGBX40 (192.86, -0.52%) and BGTR30 (940.21, -0.33%) slipped without significant daily volume. Sirma Group Holding (SGH, BGN 1.41, +0.71%) was the only company within SOFIX’s area which remained positive on the back of speculative trades.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 September 2025
The Bulgarian equities opened the week under pressure, with all major indexes finishing lower on broad-based selling. SOFIX (1 071.73, -0.55%) was dragged down by Advance Terrafund (ATER, BGN 2.86, -3.05%), while Speedy (SPDY, BGN 190.00, -3.06%) added weight on BGBX40 (194.36, -0.47%) and BGTR30 (956.29, -0.19%). Volumes remained moderate for the season, though block trades once again lifted the daily statistics, including activity in Eurohold (EUBG, BGN 1.82, -1.09%), Balkan and Sea Properties...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 9 September - 12 September 2025
Bulgarian equity markets ended the week on a cautious note, with most major indexes posting modest declines as participants reassessed positioning following the end of the summer season. The local benchmark SOFIX declined by 0.7%, closing at 1 077.62, while the broader BGBX40 (195.28, -0.2%) and BGTR30 (958.07, +0.1%) remained flattish. Industrial M+S Hydraulic (MSH, BGN 10.10, +5.2%) and SOFIX member Telematic Interactive Bulgaria (TIB, BGN 22.20, +2.8%) were on the top of the gainers in our li...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.