reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 11 November - 15 November 2024
This past week, Bulgarian stock market gave back some of the modest gains from the previous ones. The local Benchmark SOFIX lost 0.7% to settle at 853.51, as all the other major indexes closed down, ranging from 0.8% to 0.3%. For a second consecutive week the manufacturer of fertilizers and nitrogen compounds Neochim (NEOH, BGN 29.00, +11.5%) led the list of gainers in our list of selected securities, followed by Telematic Interactive (TIB, BGN 22.40, +3.7%) and Central Cooperative Bank (CCB, BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 November 2024
The Bulgarian equity market closed with moderate gains and the main indexes settled on positive territory in range between 0.00% and 0.61%. SOFIX (853.51) increased by 0.61% though the positive bias came from low volume trades with Agria Group (AGH, BGN 19.65, +2.34%) and Eurohold (EUBG, BGN 1.48, +4.96%) in widened Bid/Ask Spreads. The broad indexes BGBX40 (167.72, +0.38%) and BGTR30 (852.95, +0.01%) underperformed as the negative price actions with Eleven Capital (11C, BGN 17.40, -2.79%) and M...
- 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 - 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 - 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 - 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
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
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 - 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...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 June 2024
The market exhibited mixed action on Friday as the participants took profit from outperformed names and switched into names with positive news. SOFIX (848.99, -0.35%) reflected a slight negative slip following the continuing downtrend of Shelly Group (SLYG, BGN 69.00, -0.86%) combined with the deepen losses of M+S Hydraulic (MSH, BGN 10.00, -2.91%) and Central Cooperative Bank (CCB, BGN 1.60, -3.03%). The lack of conviction on both sides in this session left the volumes below the 15-days average...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 May 2024
The Bulgarian equity market finished strong on Tuesday, leaving the major indexes at fresh 15-years high. SOFIX (871.29) saw a 0.96% gain, continuing its recent performance, while BGTR30 (867.48) and BGBX40 (172.93) surged by 0.82% and 0.59%, respectively. The financial sector finished as a leader once again as evidenced by the positive bias in market breath, mainly reflecting the reaction of the retail on the released news of First Investment Bank (FIB, BGN 4.84, +9.01%) before the session from...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 May - 17 May 2024
The enthusiasm on the Bulgarian market continued during the past week, as all major indexes advanced and investors kept the positive sentiment in some particular positions. The local benchmark SOFIX added 2.1% to settle at 855.96 – new 15-years record high, reflecting good performance of some of the index members like members First Investment Bank (FIB, BGN 4.36, +12.4%) and Agria Group Holding (AGH, BGN 23.00, +12.7%). Other major indexes also finished on the positive side, on the ground of mod...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 May 2024
The Bulgarian equity market retreated from record highs on Wednesday as investors engaged in a little profit ahead of upcoming shareholders meetings. SOFIX (846.30) touched a new 15-year record high early in the session, but finally settled 0.33% below, reflecting volatile moves in the financial sector during the day, represented by First Investment Bank (FIB, BGN 4.34, -6.87%), Central Cooperative Bank (CCB, BGN 1.69, -2.31%) and Doverie (DUH, BGN 8.90, -2.63%). The volumes decreased significan...
- 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 - 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
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...
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