reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 October 2025
It was a mixed session on the Bulgarian Stock Exchange on Tuesday, with the main indexes ending flat amid opposing moves across key equities. SOFIX (1 069.43, 0.00%) closed unchanged as a 3.59% rise in First Investment Bank (FIB, BGN 5.20, +3.59%), following the publication of the agenda for its upcoming extraordinary general meeting, offset declines in Shelly Group (SLYG, EUR 52.60, -0.38%), Advance Terrafund (ATER, BGN 2.90, -1.02%), and Bulgarian Stock Exchange (BSE, BGN 10.70, -0.93%). The b...
- 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 - 27 October 2025
The 50-day average served as a support level for the Bulgarian market, with SOFIX (1 073.01, +0.46%) rebounding on Friday and drawing investor attention in the final session of the week. The broader indexes, BGBX40 (193.17, +0.33%) and BGTR30 (944.95, +0.39%), underperformed the benchmark as Agria Group (AGH, BGN 14.80, -1.33%) extended its decline, pressured further by losses in Telematic Interactive (TIB, BGN 21.60, -0.92%). Trading volumes remained close to the 3-month average, with Sopharma ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 October 2025
The Bulgarian equity market retreated on Wednesday as a lack of fresh news and rising economic uncertainty weighed on the sentiment. SOFIX (1 071.94, -1.00%) plunged, dragged down by declines in Shelly Group (SLYG, EUR 52.20, -3.33%), First Investment Bank (FIB, BGN 5.04, -2.33%), and Chimimport (CHIM, BGN 0.70, -2.78%). Gradus (GR6, BGN 1.07, +2.88%) provided some support, softening the losses for the broader BGBX40 (193.14, -0.66%) and BGTR30 (946.14, -0.34%). Trading volumes declined sharply,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 October 2025
The Bulgarian equities market extended its midterm uptrend on Tuesday. The major indexes advanced between 0.11% and 0.54%, with SOFIX (1 082.77, +0.54%) leading the gains, driven by Sopharma (SFA, BGN 2.77, +2.21%) and Sirma Group (SGH, BGN 1.51, +1.34%), while Advance Terrafund (ATER, BGN 2.93, -0.34%) weighed on BGREIT (228.64, -0.07%). Bulgarian Stock Exchange (BSE, BGN 11.50, -0.86%) saw cooling demand after its price outpaced the proposed dividend, while Agria Group (AGH, BGN 15.00, -3.85%)...
- 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 - 6 October 2025
Cautious sentiment persisted on the Bulgarian equity market on Friday, as investors stayed on the sideline and the main indexes ended the week slightly changed. SOFIX (1 066.39, +0.07%) managed a modest gain, supported by a rebound in First Investment Bank (FIB, BGN 5.24, +1.55%), which helped offset weakness in Wiser Technologies (WISR, BGN 5.45, -2.68%) following the completion of its capital increase. Broader indexes drifted lower, with BGBX40 (193.62, -0.06%) and BGTR30 (946.48, -0.08%) weig...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 23 September - 26 September 2025
The Bulgarian stock market showed a modest performance over the past week, with all major indexes ending nearly flat on Friday. The benchmark SOFIX edged up by 0.1% to close at 1 066.97, while the other key indexes also finished in positive territory, posting gains between 0.1% and 0.5%. Trading activity remained subdued, as block deals and bond trades contributed to a higher-than-average weekly turnover (+29.34%), despite a significant year-to-date decline in volumes (-71.9%). Gradus (GR6, BGN ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 September 2025
The Bulgarian equities opened the shorter week on firmer footing, supported by broad-based buying. All major indexes gained between 0.13% and 0.47%, with advancers outnumbering decliners by a 7-to-5 margin. SOFIX was boosted by Bulgarian Stock Exchange (BSE, BGN 9.85, +3.14%), alongside strength in Elana Agrocredit (EAC, BGN 1.06, +1.92%), which rejoined the index, and Advance Terrafund (ATER, BGN 2.96, +1.37%). Additional gains in Stara Planina Hold (SPH, BGN 10.10, +3.06%) and Speedy (SPDY, BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 September 2025
Bulgarian equities closed lower on Friday after a volatile session marked by sharp price swings. SOFIX (1 065.52, -0.30%) was pressured by heavyweight Shelly Group (SLYG, EUR 52.00, -3.35%), which posted wide intraday moves before settling with a steep loss. Gains in Telematic Interactive (TIB, BGN 22.60, +2.73%) and Sopharma (SFA, BGN 2.70, +2.27%) helped cushion the decline. The broader indexes also retreated, with the BGBX40 (192.86, -0.32%) and BGTR30 (949.21, -0.48%) additionally dragged do...
- 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...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 September 2025
The Bulgarian equity market extended its midterm downtrend on Wednesday, with all major indexes closing lower amid subdued activity on the bid side. SOFIX (1 080.54, -0.04%) edged down slightly, while BGBX40 (195.39, -0.36%) and BGTR30 (958.25, -0.16%) underperformed, pressured by sell-offs in Sofia Commerz (SCOM, BGN 7.85, -4.27%), Korado Bulgaria (KBG, BGN 4.14, -4.17%), and Speedy (SPDY, BGN 193.00, -3.50%). Turnover slipped below recent levels, with trading concentrated in benchmark constitu...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 1 September - 5 September 2025
The Bulgarian equity market delivered a mixed performance during the first week of September, as investors’ sentiment remained subdued and lacked a strong catalyst to drive a more decisive market direction. The benchmark SOFIX index edged up by 0.4%, closing at 1 085.72 points, while all the other major indices moved within a narrow range, between +0.1% and -0.4%. The top performer among the tracked stocks was Stara Planina Hold (SPH), which gained 4.2% to BGN 10.00. Sopharma (SFA) – a SOFIX con...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 September 2025
The Bulgarian equity market traded mostly on the bid side, with all major indexes closing in positive territory. The upward momentum was driven by heavyweight Sopharma (SFA, BGN 2.73, +1.49%), further supported by Chimimport (CHIM, BGN 0.73, +1.39%). These gains offset declines in First Investment Bank (FIB, BGN 5.18, -2.63%), Hydraulic Elements & Systems (HES, BGN 4.90, -3.92%), and Gradus (GR6, BGN 1.00, -3.85%). Daily volumes remained subdued compared to the 3-month average on a benchmark bas...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 September 2025
The Bulgarian equity market opened the week with sharp, broad-based moves that ultimately left the major indexes mixed. SOFIX (1 081.68, +0.01%) and BGBX40 (196.10, +0.26%) edged higher as gains in heavyweights Sopharma (SFA, BGN 2.67, +0.75%) and Shelly Group (SLYG, EUR 55.60, +0.72%) offset losses in First Investment Bank (FIB, BGN 5.28, -2.58%) and Sirma Group (SGH, BGN 1.37, -2.14%). By contrast, the BGTR30 (959.71, -0.11%) and BGREIT (230.73, -0.36%) slipped, dragged down by weakness in Neo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 September 2025
The Bulgarian equity market shook off early weakness on Friday to close the week and the month on a positive note. Heavyweight Shelly Group (SLYG, EUR 55.20, -3.83%) pressured the market in early trade, but upbeat financial results lifted sentiment in Sopharma (SFA, BGN 2.65, +5.16%) and Doverie United Holding (DUH, BGN 9.30, +2.42%), helping major indexes reverse course. SOFIX (1 081.60, +0.45%) rose for a second straight session, marking another fresh 18-year high. The real estate sector also ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 August 2025
The Bulgarian equity market extended its advance on Thursday, driving SOFIX (1 076.80) to an 18-year high. The broader indexes also gained ground, with the BGBX40 up 0.49% to 195.06 and the BGTR30 adding 0.33% to 959.01. Strong opening momentum in Shelly (SLYG, EUR 57.40, +2.87%) and Bulgarian Stock Exchange (BSE, BGN 9.90, +4.76%) set the tone, followed by steady gains in heavyweight Sopharma (SFA, BGN 2.52, +0.80%), which anchored the market in positive territory. Turnover, however, remained s...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 August 2025
The Bulgarian equity market extended its decline on Thursday, with SOFIX (1 052.98, -0.72%) posting the steepest loss among the main indexes. Technology names weighed heavily, led by weakness in Shelly Group (SLYG, EUR 53.60, -2.19%) and Sirma Group Holding (SGH, BGN 1.35, -2.88%). The pullback mirrored the softer global tone and was largely driven by large-cap stocks, while much of the broader market remained flat or inactive. Turnover was thin, with daily volumes at just 39% of the three-month...
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